India

Mukesh Buch
29 Sep, 2014
New York City

MAN Industries secured orders worth about Rs 550 crore. Mahindra Holidays plans to invest up to Rs. 500 crore for expansion. NTPC received syndicated loan of $250 million. Valecha Engineering divested its three road assets worth Rs 309 crore.

[R]6:00 PM Mumbai – MAN Industries secured orders worth about Rs 550 crore. Mahindra Holidays plans to invest up to Rs. 500 crore for expansion. NTPC received syndicated loan of $250 million. Valecha Engineering divested its three road assets worth Rs 309 crore.[/R]

The Sensex Index slid 29.21 to close at 26,597.11 The CNX Nifty fell 9.95 to 7,958.90.

Gainers & Losers

IDBI Bank Limited fell 0.2% to Rs 62.55 after the bank received board approval to increased capital raising limit to Rs 15,000 crore from the previous Rs 4,000 limit.

MAN Industries India Limited climbed 5.8% to Rs 60.90 after the company secured orders worth about Rs 550 crore from domestic and international customers for the supply of pipes for oil and gas sector projects.

Mahindra Holidays & Resorts India Limited soared 7.4% to Rs 295.85 after the company plans to invest up to Rs. 500 crore in next 18 months for expansion.

NTPC Limited decreased 0.6% to Rs 138.55 after the company signed a syndicated term loan of $250 million from Mizuho Bank.

Oil and Natural Gas Corporation Limited declined 1.1% to Rs 407.55 after the company’s subsidiary signed an agreement with Mexico-based Pemex to jointly explore fields.

Pricol Limited jumped 4.1% to Rs 60.50 after the automotive component maker agreed to sell its automotive speedo cable business to Suprajit Engineering.

Valecha Engineering Limited surged 9.9% to Rs 67.50 after the company’s board approved the sale of three road assets in Madhya Pradesh and Gujarat for about Rs 309 crore.