Stocks To Watch Today: Tata Power, Lodha, NBCC, Canara Bank & More

From Lodha, and Tata Power to Canara Bank and Reliance Home Finance, here are the top 10 stocks that are likely to be in focus today, 28th September.

Macrotech Developers

The Board of Directors of the company on September 27, 2023, approved the allotment of 24,500 senior, rated, listed, secured, redeemable non-convertible debentures of Rs 1,00,000 each aggregating to Rs 245,00,00,000. The date of allotment of the instrument is September 27, 2023 and date of maturity is September 25, 2026. The securities are to be listed on the Wholesale Debt Market segment of BSE Limited. "Interest shall be on floating rate linked to benchmark rate of 3M T-Bill (reset quarterly) plus spread, payable annually. As on the deemed date of allotment the interest rate shall be 9.00% (nine percent) per annum," said Lodha in a stock exchange filing.

Tata Power

A 41 MW captive solar plant will be built by Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, for TP Solar Limited's (TP Solar) new greenfield 4.3 GW solar cell and module manufacturing facility in Tirunelveli, Tamil Nadu. The captive plant will produce roughly 72,000 metric tonnes of CO2 emissions yearly and help create 101 million units of energy.

"The captive solar project will be commissioned 12 months from the signing of the Project Development Agreement (PDA). TPREL has established TP Govardhan Creatives Limited, a specialized entity entrusted with the development, operation, and upkeep of this facility for TP Solar. TP Solar's manufacturing plant is expected to start commercial production of cells and modules by FY 24-25. TP Solar is a subsidiary of TPREL," said Tata Power in a stock exchange filing.

TPREL's overall capacity will increase to 7,877 MW with the addition of this new captive solar plant. This includes 3,720 MW of projects that are in various stages of development as well as 4,157 MW of operating capacity, which is made up of 3,154 MW of solar energy and 1,003 MW of wind energy.

Mr. Ashish Khanna, CEO, TPREL, said, "Green energy supply to our state-of-the-art 4.3 GW solar cell and module manufacturing facility from the captive solar plant is a shining example of our commitment to a sustainable transition to green energy. This arrangement will act as a model for all the upcoming solar component manufacturing facilities to source green energy for their production and the resulting domino effect will significantly contribute towards the country's ambitious target of achieving 500 GW of non-fossil fuel-based energy capacity by the end of this decade."

Vedant Fashions

The allocation of 15,772 equity shares with a face value of INR 1 to the eligible staff members of the Company who have exercised their stock options under the VFL Employee Stock Option Scheme 2018 - Scheme Pratham was approved by the company's board of directors on Wednesday. The company's paid-up share capital has grown with this allocation from INR 24,27,84,868/- divided into 24,27,84,868 equity shares of INR 1/- each to INR 24,28,00,640/- divided into 24,28,00,640 equity shares of INR 1/- each.

Amara Raja Batteries

With effect from September 27, 2023, the company will be known as "Amara Raja Energy & Mobility Limited" instead of "Amara Raja Batteries Limited. The Registrar of Companies in Vijayawada issued a new "Certificate of Incorporation pursuant to the change of the name of the company on September 27, 2023.

Barbeque-Nation Hospitality

The company has considered acquiring 1,282 and 4,518 equity shares constituting 11.77% and 41.49% of paid-up share capital of Blue Planet Foods Private Limited by the company and its subsidiary Red Apple Kitchen Consultancy Private Limited, respectively. Consequent to the aforesaid acquisition, Blue Planet will become a subsidiary of Barbeque-Nation Hospitality, as per a stock exchange filing.

K.P. Energy

At the Sidhpur site in Devbhoomi Dwarka, KP Energy has successfully completed the commissioning of an additional 10.5MW (Phase-V) ISTS-connected wind power project that consists of 5 numbers of WTGs with 2.1MW each. The 250.8MW ISTS linked wind power project capacity granted to Apraava Energy Private Limited by Solar Energy Corporation of India Limited (SECI) during Tranche-VIII bidding includes this Phase-V commissioning. Under the terms of the Land and Balance of Plant Contract, KP Energy is carrying out the Project's development on behalf of Apraava Energy Private Limited. With the current Phase-V commissioning, the Sidhpur site's net cumulative capacity is 138.6MW (i.e., 52.5MW + 29.4MW + 25.2MW + 21MW + 10.5MW) as opposed to the 250.8MW allocated capacity.

NBCC

NBCC has announced the sale of Commercial Built-up space in World Trade Centre, New Delhi at Nauroji Nagar through e-auction at a valuation of Rs. 5716.43 cr. The area offered for sale is 14.75 lakh sft and date of e-auction is 23.10.2023.

Reliance Home Finance

The Board of Directors of the company at their meeting held on September 27, 2023 had considered and approved Ms. Krutika Gada as Company Secretary & Compliance Officer and Key Managerial Personnel of the Company with effect from October 1, 2023.

"Ms. Krutika Gada, 25 years, is a commerce graduate and Bachelor of Law from Mumbai University and an Associate Member of the Institute of Company Secretaries of India. She has over three years' experience and earlier worked with M/s KNAV, an accounting firm, Kotak Mahindra Bank Ltd. and Riana Advisory Services Pvt. Ltd. and have handled the legal and corporate affairs matters including corporate governance, compliances, dealing with regulators for various stakeholders," said Reliance Home Finance in a stock exchange filing.

Canara Bank

The bank has raised Rs. 5,000 crores Non-convertible, Taxable, Redeemable, Unsecured, Fully Paid-up Long-Term Bonds in the nature of debentures of face value Rs.1 lakh each at a coupon of 7.54 %.

UTI AMC

With the opening of 29 new Financial Centres, UTI Asset Management Company (UTI AMC) announced Wednesday that its geographic reach has grown substantially. On Friday, September 29, 2023, these offices will open simultaneously in all locations.

"The 29 new UFCs are spread across the East, North, South, and West zones. Towards Eastern India, 8 centres are being opened covering BiharSharif and Ara in Bihar, Nagaon in Assam, Puri and Angul in Odisha, Deoghar in Jharkhand, Bankura and Jalpaiguri in West Bengal. In the Northern part, UFC is being opened in Hisar in Haryana. Towards South, 9 new centres are being inaugurated spanning Anantapur and Kurnool in Andhra Pradesh, Karimnagar and Khammam in Telangana, Udupi in Karnataka, Malappuram, Palakkad, Kannur and Alappuzha in Kerala and Erode in Tamil Nadu. 10 new UFCs in Western India are being inaugurated in Korba in Chhattisgarh, Sagar and Ujjain in Madhya Pradesh, Chandrapur, Nanded, Ahmednagar, Satara, Dhule and Sangli in Maharashtra and Gandhidham in Gujarat," said UTI AMC in a stock exchange filing.

Mr. Imtaiyazur Rahman, MD and CEO stated, "We are constantly stepping up our network across the country with an aim to be closer to our investors and provide our comprehensive offerings seamlessly. There is immense growth potential in upcoming non-metro cities where people are willing to invest. We endeavour to develop their understanding on mutual fund investments and provide better accessibility to our products in these cities. The expansion of our financial centres with these 29 new offices aligns with our vision to simplify financial services and make them accessible to everyone."