The company’s board of directors approved share buyback at up to Rs 875 per share. UPL will spend up to Rs 1,100 crore on buy back of up to 1.26 crore shares through open market route.
The electrical equipment manufacturer has received orders worth Rs 57.32 crore in February 2022.
The company has bagged a Rs 42.2 crore contract from South Eastern Railway for the construction of a major bridge between Basta and Rupsa.
The mining giant will pay a third interim dividend of Rs 13 per share for 2021-22 (Apr-Mar) amounting to Rs 4,832 crore. The record date for the purpose of payment of the dividend is March 10.
Investor Duane Park acquired 1.21 percent equity shares in the company through open market transactions. With this, its shareholding in the company stands at 10.35 percent now, against 9.14 percent earlier.
Apart from its current portfolio of seven owned and operational hotels in Mumbai, Hyderabad, Bengaluru, and Pune, the company has identified National Capital Region, Chennai, and Goa as markets for leisure hotels to build or acquire new properties. The strategic intent of the firm is to diversify across geographies, asset classes and hospitality segments, as per a report.
The stainless steel company has sold its land in Thane for Rs 806.14 crore. It has executed an agreement for the sale of said land of 47 acres.
The firm said the board on March 5 will consider fundraising of up to Rs 2,000 crore.
The company completed the sale of its turbocharger business to Turbocharging Industries and Services India, as a going concern, on a slump sale basis to its wholly-owned subsidiary for Rs 310 crore. In January this year, it had incorporated a wholly-owned subsidiary – Turbocharging Industries and Services India.
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The company has commissioned new capacity of 1.72 MW in its existing solar power plant at Village-Sudi & Tancha, Ta-Arnod, Bharuch.