Morning Watch Stocks for Dec 17: Coal India to Increase Stock, Tata Motors & More
By Malvika Gurung
Investing.com — NTPC (NS:): The state-owned power producer announced on Wednesday to issue non-convertible debentures on December 20, in order to raise about Rs 1,175 crore, which will be used to fund the capex, refinance the 1,175 crores besides serving other corporate purposes.
Coal India (NS:): The state-owned miner has shared plans of building up coal stock of at least 45 million tonnes at its power plants and over 70 MT at its pit head by the end of FY22.
JSW Steel (NS:): The steelmaker has announced a special package for compensation serving rehabilitation and resettlement purposes, to those who would be affected once it starts setting up a steel plant in the Jagatsinghpur district of Orissa.
Tata Motors (NS:): The auto major’s bus brand Starbus has exceeded the sales figure milestone of 1 lakh units.
Indiabulls (NS:) Housing Finance: The company’s promoter Sameer Gehlaut sold an 11.9% stake in the firm to make it a fully professionally managed entity.
Gujarat Fluorochemicals (NS:): A chemical explosion in one of the company’s factories in Gujarat killed at least 3 workers and injured over 10.