Stocks in Focus on Dec 8: Reliance Industries, SpiceJet, L&T, and More

  • Stock Market News
Stocks in Focus on Dec 8: Reliance Industries, SpiceJet, L&T, and More
Credit: © Reuters.

By Malvika Gurung -- Reliance Industries Ltd (NS: RELI ): The Mumbai-based conglomerate has announced on December 7, its strategic joint venture with Abu Dhabi Chemicals Derivatives Company RSC Ltd, and will invest $2 billion to construct a petrochemical production in Ruwais, UAE.

Nestle (NS: NEST ) India: The FMCG major informed of receiving the government’s approval for the PLI scheme for the food processing industry, under the ready-to-eat product category.

Spicejet Ltd (NS: SPJT ): Madras High Court has ordered dissolving the private carrier and directed the official liquidator to take over its assets. However, SpiceJet has informed the BSE that the HC has stayed the order if the carrier manages to pay an amount equivalent to $5 million in 2 weeks.

Larsen & Toubro (NS: LART ): The technology-to-construction conglomerate has signed an agreement with Aramco (SE: 2222 ), the Saudi Arabian Oil Company, for the development of manufacturing capabilities in Saudi Arabia.

Hindustan Zinc (NS: HZNC ): The mining company operated by Vedanta has informed on Tuesday that its board has approved an interim dividend of Rs 18 per equity share for FY22, amounting to Rs 7,605.57 crore.

NHPC (NS: NHPC ): The state-owned power major’s Board has approved the proposal for monetization by securitization through a bidding process of Return on Equity (RoE) of Chamera-1 Power Station (3 X 180 MW), Himachal Pradesh and further to monetize the RoE of one or more power stations for 05/10/15 years in one go or rollover, as per a statement.

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  • Mansoor Patel @Mansoor Patel
    coal india target price of this week---?
    Like 0

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