Stocks that will see action on April 10, 2023 - Qoneqt
  • user-img

    Vikshita Vitthal Gujaran in News

    10-Apr-2023 01:35 PM


    Stocks that will see action on April 10, 2023

    CARE Ratings Ltd, which had rated some of the standalone credit facilities of Adani Power Ltd, has withdrawn the rating at the company’s request.
    Prior to the withdrawal, it had reviewed the assigned ratings and upgraded them from ‘CARE BBB-; CARE A3 (Rating watch with positive implications)‘ to ‘CARE BBB+/Stable; CARE A2’.
    Adani Total Gas Ltd, the city gas joint venture of Adani group and French giant TotalEnergies, has also announced a cut in CNG prices by up to ₹8.13 a kg, and a reduction of up to ₹5.06 in piped cooking gas.
    The rights entitlement ratio has been fixed at 1:3 (one share for every three held) as on record date (April 13).The Hapur Moradabad Project implemented by IRB Hapur Moradabad Tollway Ltd, the Project SPV of IRB Infrastructure Trust, has been issued a Completion Certificate (COD-II) for additional length of 9.75 km.
    Consequently, toll rates for the SPV would be increased by about 5 per cent and the SPV will collect toll at revised toll rates on the project.
    Further, the board has approved investment of ₹52.90 crore for capacity expansion of this new Pune plant from 11.8 million gears to 20.1 million gears by financial year 2025.

    Source -