Stocks to watch- Bombay Dyeing, NBCC, IRCTC, Wipro, BEML, NTPC
Stocks to watch: Bombay Dyeing, NBCC, IRCTC, Wipro, BEML, NTPC Bombay Dyeing: The company has announced that it will monetize the land parcel at Worli for Rs. 5,200 crore. The Board of Directors approved the proposal to sell the land parcel of about 22 acres (along with the associated FSI) in Worli, Mumbai to Goisu Realty (a subsidiary of Sumitomo Realty & Development Company) in 2 phases. Wipro: It has announced the launch of its Cyber Defense Center (CDC) in Dusseldorf, Germany. Wipro’s CDCs are positioned around the globe to provide localised support, as well as fulfill customers’ cybersecurity and compliance requirements. As part of Wipro and Microsoft’s global partnership, this center will leverage Microsoft’s portfolio of cybersecurity products, specifically the Microsoft Sentinel, Microsoft Defender for Endpoint, and Defender for IoT (Internet of Things) solutions. IRCTC: The company has signed MoU with Maharashtra State Road Transport Corporation (MSTRC) to enable MSRTC’s online bus booking services via IRCTC’s bus booking portal/website. MSRTC will provide API’s of its online bus ticketing system to IRCTC who in turn will Integrate MSRTC Bus Ticketing APIs on its website http://www.bus.irctc.co.in and Mobile Apps. BEML, Alstom, NTPC: PM Modi to announce rail projects worth over Rs 6,300 crore in Chhattisgarh today. He will dedicate several rail projects which include Chhattisgarh East Rail Project Phase-I, 3rd rail line between Champa to Jamga, and 3rd rail line between Pendra Road to Anuppur. He will dedicate the Merry-Go-Round (MGR) system Talaipalli Coal Mine to NTPC Lara Super Thermal Power Station (STPS).
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The launched works involve rehabilitating the Galgamuwa Railway Station and upgrading the railway line from Maho to Anuradhapura, including additional tasks. Another project is the second phase of track rehabilitation from Maho to Omanthai (128 kms), funded by a $318 million Indian Line of Credit.
Transport Minister Gunawardena praised the efforts of Indian company IRCON in Sri Lanka and called for more cooperation in the railway sector. State Minister Shantha Bandara and officials from the Sri Lankan Ministry of Transport attended the event.
Railways is a priority for Indian assistance in Sri Lanka, with over $1 billion invested under five Indian Lines of Credit. IRCON has been involved in Sri Lanks since 2009. It has contributed to the modernisation of Sri Lanka Railways by reconstructing the entire railway line network in the Northern Province (253 Km) and upgradation of the Southern line (115 km), as well as improving safety through advanced signalling and telecommunication systems.
Despite Sri Lanka’s debt standstill in April 2022, India’s support under various Lines of Credit has continued.
(With PTI inputs)
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