Today Stock Corner:

  1. The GST Anti-Profiteering Body ruled that Hindustan Unilever (HUL) profiteered to the extent of Rs535cr against the company’s claim of Rs160 crore.
  2. Vedanta said it will set up a new steel plant in Jharkhand with a capacity of 4.5 mn tonne (MT) per annum at an investment of $3-4 bn.
  3. Autoline Industries entered into MOU with Poddar Habitat to transfer land at Chakan, Pune. The company will utilize the sale proceeds to settle debt that has a charge on the above said immovable property and reduce overall debt exposure of the company.
  4. Suprajit Engineering expects second half of current financial year to be better. Consolidation of auto component space to gather pace; open for both strategic asset purchases and acquisition.
  5. Vadilal Industries defers limited review report. The company said audit committee and board of directors have not been able to conclude on certain matters.
  6. Nagarjuna Fertilizers said that the company it is in process of a long-term debt resolution with its lenders. It has also restarted production of Urea from Unit 1 of Kakinada plant.

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