Business News Desk – Big news has come regarding Vedanta. It will invest Rs 4,300 crore in Avanstrat’s display glass unit. According to the statement issued by the company on Monday, Vedanta Limited is going to invest about Rs 4,300 crore or $ 500 million in its display glass unit Avanstrat Inc. Vedanta Group said it is going to set up a display semiconductor manufacturing unit in India. AvonStrate is wholly owned by Vedanta. Earlier this year, Vedanta Ltd had acquired an additional 46.57% stake in Japanese glass substrate manufacturing company Avanstrate Inc. With this acquisition Vedanta’s total stake in Avanstrat increased to 98.2%. ASI has manufacturing and research units in countries like Taiwan, South Korea and Japan. There are plans to increase development of advanced packaging and designed next-generation glass products in semiconductor, biotechnology, automotive displays and other high-growth areas.
NMDC had given two bonus shares instead of one. The full name of the company is National Mineral Development Corporation. The company was started in the year 1958. It is the largest iron ore manufacturing company in the country. The company first announced bonus shares in 2008. At the same time, today i.e. on 11 November 2024, a gift of bonus shares has been given. The company announced 2 bonus shares for one. According to the information released on the exchange, the company has announced 2 for 1 bonus shares along with the quarterly results.
BANK OF INDIA Q2: The bank has released its quarterly results after the market closes. The bank’s profits have increased on an annual basis. The company said in the information released on the exchange that compared to the July-September quarter of the financial year 2023-24, the profit in the July-September quarter of the financial year 2024-25 has increased from Rs 1,458.4 crore to Rs 2,373.7 crore. The interest income of the bank has increased. It has increased from Rs 5,739.5 crore to Rs 5,985.2 crore. Net NPA has reduced from 0.99% to 0.94%. Gross NPA has reduced from 4.62% to 4.41%.
INSECTICIDES INDIA Q2: The company has released quarterly results after market close. The company’s profit has increased on an annual basis. The company said in the information released on the exchange that compared to the July-September quarter of the financial year 2023-24, the profit in the July-September quarter of the financial year 2024-25 has increased from Rs 53.2 crore to Rs 61.5 crore. The company’s income has declined. It has decreased from Rs 696 crore to Rs 627 crore. EBITDA increased from Rs 81.9 crore to Rs 89.4 crore. EBITDA margin increased from 11.8% to 14.3%.
HIND COPPER Q2: The company has released its quarterly results after market close. The company’s profit has increased on an annual basis. The company said in the information released on the exchange that compared to the July-September quarter of the financial year 2023-24, the profit in the July-September quarter of the financial year 2024-25 has increased from Rs 60.7 crore to Rs 101.7 crore. The company’s income has increased. The company has released its quarterly results after the market closed. The company’s profit has increased on an annual basis. The company said in the information released on the exchange that compared to the July-September quarter of the financial year 2023-24, the profit in the July-September quarter of the financial year 2024-25 has decreased from Rs 72.1 crore to Rs 52 crore. The company’s income has increased. It has increased from Rs 381.4 crore to Rs 518.2 crore.
Ramco Cements Q2: Profit stood at Rs 25.6 crore. (A year ago the loss was estimated at Rs 10 crore). The income has been a profit of Rs 2,038.2 crore. EBITDA margin declined from 17.1% to 15.3%.
National Fertilizers Q2: The company has released its quarterly results after market close. The company has made profit on an annual basis. A year ago the company was in loss. It made a profit of Rs 12.1 crore against a loss of Rs 7.1 crore. Income has declined from Rs 5,655.4 crore to Rs 4,390.4 crore.
