Stocks in the news: Adani Ports, IOC, Ircon, Mazagon Dock, GE Shipping and Airtel

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Nifty futures on the Singapore Exchange traded 209.50 points, or 1.37 per cent, lower at 15,085.50 in signs that Dalal Street was headed for a gap-down start on Thursday. Here are a few stocks which may buzz the most in today’s tarde:

Adani Ports: The country’s largest ports and logistics company APSEZ on Wednesday said it is acquiring Windy Lakeside Investment’s 31.5 per cent stake in Gangavaram Port Ltd for Rs 1,954 crore.

IOC:

plans to monetise its hydrogen-producing facilities to raise about Rs 10,000 crore, according to people familiar with the matter.

Bajaj Electricals, Mahindra Logistics: The two companies signed a logistics optimisation and outsourcing contract worth over Rs 1,000 crore for the next five years. As per the agreement,

(BEL) will outsource its entire logistics to Mahindra Logistics Ltd (MLL), which will also provide a complete end-to-end redesign.

Ircon International: The Offer for sale (OFS) of

was oversubscribed on the first day of issue by institutional investors. The government is selling up to 16 per cent stake at a floor price of Rs 88 a share in railway PSU IRCON. The issue will open for retail investors on Thursday.

Mazagon Dock Shipbuilders: The company said commissioning of Submarine Karanj is scheduled on March 10 and the sea trials of first ship Visakhapatnam of Project P-15B, which is due for delivery later this year, have commenced.

GE Shipping: said it has bought a secondhand Supramax Bulk Carrier of about 56,103 dwt. The 2013 Japanese built vessel is expected to join the company’s fleet in Q1 FY22

Bharti Airtel: The telecom company said it has raised $750 million through allotment of ‘unsecured senior fixed rate notes’ to eligible investors.

VST Tillers:

has entered into a share purchase agreement for investment in Series A Preferred

Stock of Zimeno Inc . The investee company is in the development of Electric Autonomous Tractor

NTPC: State-run power giant NTPC will stop 105MW of power supply to Sikkim from Wednesday midnight in view of non-payment of outstanding dues of Rs 89 crore, a source said.

HDFC: Mortgage major HDFC also cut its interest rate offering on Wednesday, making credit cheaper 0.05 per cent to its customers. The HFC said it will raise up to Rs 5,000 crore by issuing non convertible debentures (NCDs) on a private placement basis.




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