Stocks To Watch Today: Adani Ports, Tata Steel, TCS, RITES, ACC & More

ACC

A major advancement in sustainable waste management has been made with the opening of two new, cutting-edge facilities by ACC and Ambuja Cements, the cement and building material companies of the multifaceted Adani Group. With great pride, the firms announced that the Ambuja Marwar Preprocessing and Co-processing Facility and the ACC Jamul Co-processing Facility, two innovative facilities, will soon be put into service. The Ambuja Marwar Pre-processing and Co-processing Facility, which can turn 2,20,000 tons of garbage into alternative fuels, is a revolutionary facility. This facility raises the plant's Thermal Substitution Rate (TSR) to an astounding 15% and promotes sustainable waste management in the area.

Adani Ports and Special Economic Zone Limited

The British Safety Council has awarded Adani Vizhinjam Port Private Limited (AVPPL) an International Safety Award for the calendar year 2023 in appreciation of the company's dedication to maintaining the health and safety of its employees and workplaces. Of the 1,124 organizations that received awards at the International Safety Awards 2024, AVPPL is one of 269 worldwide organizations to get a honor.

Tata Consultancy Services Ltd (TCS)

In an effort to raise $1.1 billion, Tata Sons has proposed to sell 2.34 lakh shares of the IT giant Tata Consultancy Services Ltd (TCS) through block agreements at a price of Rs 4,001 per share, according to a March 18 Bloomberg article. The floor price is less than the last trading price by 3.6 percent. TCS's BSE shares wrapped up 1.8 percent down at Rs 4,144.25 on March 18.

Lupin

Global pharmaceutical leader Lupin Limited (Lupin) has announced that Christoph Funke has been appointed to the newly-created Chief Technical Operations Officer role. Christoph presents an abundance of expertise to Lupin with over 30 years of experience in supply chain management, technical operations, and pharmaceutical manufacture on a worldwide scale. He will supervise Lupin's Technical Operations department, which integrates procurement, supply chain, and production, and he will be headquartered in Mumbai.

Happiest Minds Technologies

Happiest Minds Technologies Limited on Monday said that it has won the 3rd Edition of the Indian Digital Enabler Awards 2024 by Entrepreneur, in the category of "Best Tech for Security."

RITES

At an amount of Rs 67.50 Cr, the National Small Industries Corporation Limited has granted the Letter of Acceptance for the engagement of M/s RITES Limited as a Quality Assurance Agency for the purpose of inspecting the quality of 18 trades of Toolkits under the PM Vishwakarma Scheme.

Dr. Lal PathLabs

The Income Tax Department sent the corporation an Assessment Order and Demand Notice dated March 16, 2024 on March 17, 2024 at 9:24 PM. The order/notice mentioned above was sent to the company for the fiscal year 2015-16 wherein certain additions/ disallowances amounting to Rs 3,90,14,973/- have been made and Income Tax demand of Rs 2,62,98,764/- have been raised, as per a stock exchange filing.

Sonata Software

Sonata Software announced that it and Zones, LLC, a global supplier of cloud managed services and end-to-end IT solutions, have inked a cooperative go-to-market agreement. Zones and Sonata Software will collaboratively create and deploy industry-specific solutions to enhance cost efficiency and data optimization as part of their five-year agreement.

Tata Steel

An additional update on its operations in the UK is that, as a result of an erosion in operational stability, Tata Steel UK has chosen to shut down the Coke Ovens at the Port Talbot plant in Wales on Monday. In order to mitigate the effects of the coke oven shutdown, Tata Steel UK plans to boost its imports of coke. Many of Tata Steel's heavy-end assets at Port Talbot are nearing the end of their useful lives, the company had previously declared. In order to transition to sustainable low-CO2 steelmaking, Tata Steel is investing £1.25 billion in Electric Arc Furnace technology at Port Talbot and asset upgrades. The company is currently in an advanced stage of consultations with trade unions in the UK regarding its proposed restructuring. This involves closing the iron and steelmaking assets at Port Talbot.

Lemon Tree Hotels

Lemon Tree Hotels announced its latest signing - Lemon Tree Hotels, Agartala. The property is expected to open in FY27 and shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels Limited, as per a stock exchange filing dated 18th March.