homephotos Newsmarket NewsStocks To Watch: Godrej Properties, SJVN, NTPC, Swan Energy, Brigade, and more

Stocks To Watch: Godrej Properties, SJVN, NTPC, Swan Energy, Brigade, and more

SUMMARY

Multiple real estate stocks will be in focus today as will be some infra names. Find out about all of them in the list below

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By CNBCTV18.com Mar 4, 2024 5:33:36 AM IST (Published)

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Godrej Properties | Enters into definitive agreements to develop a township project on a 62 acre land parcel in North Bengaluru under a profit sharing model, offering 5.6 million square feet of saleable area with an estimated booking value of ₹5,000 crore.

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SJVN | Wholly-owned subsidiary SJVN Green Energy Ltd. bags full 200 MW capacity in the tariff bid competitive bidding conducted by GUVNL for development of solar power projects in the 1,125 MW GSECL Solar Park at Khavda. Tariff for the same will be ₹2.66 per unit and the project will be built on Build Own and Operate (BOO) basis. The tentative cost for construction and development of this project will be ₹1,100 crore.

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NTPC | Board accords investment approval at an appraised current estimated cost of ₹17,195.31 crore for Singrauli Super Thermal Power Project, Stage-III (2x800 MW).

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Brigade Enterprises | Launches new residential project Dioro@Brigade El Dorado at Aerospace Park in North Bengaluru, spread over half a million square feet and 525 2 and 3 BHK flats in two towers, with a total revenue potential of ₹380 crore.

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Swan Energy | SLPL, subsidiary of the company, has pre-paid its entire loan, along with interest till date, to a consortium of banks, worth nearly ₹2,206 crore. With this, the current group debt is now at ₹1,675 crore from ₹4,128 crore in September 2023.

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Coforge | Board decided not to proceed with the proposed offering of its American Depository Receipts, which was approved in July and November of 2021.

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PSP Projects | Wins new work orders worth ₹386.24 crore. One is for the construction and maintenance of human and biological gallery at science city, Ahmedabad for ₹268.11 crore, which needs to be completed within 18 months, while the other is for construction of commercial building at ORXY at GIFT City, Gandhinagar worth ₹118.13 crore, which will be completed within 24 months.

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Patel Engineering | Gets Letter of Acceptance for ₹525.36 crore contract with JV Partner in Khammam City Telangana, for RCC Protection Wall Project. Patel Engineering's share in the contract is worth ₹267.93 crore.

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Signature Global | Deluxe DXP project in Gurugram makes record sales of more than ₹3,600 crore.

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MOIL | Achieves best ever production in February of 1.51 lakh tonnes of Manganese ore, higher by 15% from last year. Year-to-date production of 15.84 lakh tonnes up to February 2024 is up 37% from last year.

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Zaggle Prepaid Ocean Services | Contracted to be a referral partner of Axis Bank to carry out activities such as sales and distribution, marketing and campaign bundled with Zaggle Expense management to drive forex card spends and greater usage of the software. The contract is for a period of five years.

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Ganesha Ecosphere | Search and Seizure operations carried out by GST Department on March 1 and 2, 2024 at the company's factory in Kanpur and Bilaspur, Godown at Varanasi and Administrative Office at Kanpur Nagar. The search pertained to Alleged contravention of GST Act, with respect to transaction data on supply committed or alleged to be committed ; of goods, mismatch in stock, excess claim of ITC and inadequate reversal / non-reversal of ITC.

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