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Aether Industries listing, Deepak Nitrite, UltraTech Cement in focus
03-Jun-22   08:37 Hrs IST

Deepak Nitrite: The company informed that a fire incident took place around warehouse section of its manufacturing site tocated at Nandesari, district Vadodara, in Gujarat. The incidence occurred on 2nd June 2022 at around 6:00 P.M. lmpact of the incidence is being ascertained. There were no casualties. Both, loss of assets as well as loss of business are covered under insurance.

Aether Industries: Shares of the speciality chemical manufacturer will debut at the bourses on Friday. The initial public offer (IPO) was subscribed 6.26 times. The issue opened for bidding on 24 May 2022 and it closed on 26 May 2022. The IPO price was fixed at the upper end of the Rs 610 - 642 a share price band.

UltraTech Cement: The cement major's board approved capex of Rs 12,886 crore towards increasing capacity by 22.6 mtpa with a mix of brown field and green field expansion. This will be achieved by setting-up integrated and grinding units as well as bulk terminals. The additional capacity will be created across the country.

G R Infraprojects: The construction company has signed a concession pact with National Highways Authority of India (NHAI) for a Rs 1,577 crore road project. The deal has been inked for NH-71 from Madanapalli, Andhra Pradesh under Bharatmala Pariyojna.

Tech Mahindra: The IT solutions provider has collaborated with Anritsu to launch an IoT (Internet of Things) experience lab in Tech Mahindra's Fremont, CA facility. The lab aims to create a simple, cost-effective environment for 5G IoT device manufacturers to verify device performance to ensure greater product confidence during pre-commercialization.

HDFC: The housing finance major has collaborated with Accenture to digitally transform its lending business. The collaboration will revamp HDFC's customer experience and business processes to provide greater operational agility and efficiency, and drive business growth.

Hindalco Industries: The Aditya Birla Group's metal firm announced closure of Disinvestment of Hindalco Do Brazil Industria Comercia de Alumina LTDA (HDB), a wholly owned step down subsidiary.

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