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Nandan Denim’s Promoter acquires stake in the company
20 Jun 16:15

Nandan Denim’s Promoter Vedprakash Chiripal has acquired 43,500 equity shares or 0.09% in the company through open market on June 18, 2018. With this acquisition, the entity’s stake has been increased from 20,34,285 equity shares or 4.23% to 20,77,785 equity shares or 4.32%.Nandan Denim is an India-based denim manufacturer. The company`s products include shirting fabrics, engineered khakis and denim home.

Southern Petrochemical enters into agreement with IOCL
20 Jun 16:06

Southern Petrochemicals Industries Corporation (SPIC) has entered into Gas Transportation and Tie-in Agreements with Indian Oil Corporation (IOCL) on June 18 for transportation of Natural Gas (NG) from the gas fields of ONGC in Ramanathapuram to the company’s plant in Tuticorin, as and when the NG pipeline infrastructure is completed and NG is made available.SPIC since its founding has been providing product and services that feed, nourish, and protect the agriculture and rural ecosystem. The company is now a well diversified one with area of businesses spreading from fertilizers to pharma.

SpiceJet launches 14 new domestic flights across South, West India
20 Jun 15:25

SpiceJet has launched 14 new domestic flights. The company will strengthen its network across South and West India using a mix of its fleet of Boeing 737 and Bombardier Q-400 aircraft. The company is set to introduce new direct flights on the Chennai-Rajahmundry, Hyderabad-Calicut, Bengaluru-Tuticorin and Pune-Patna sectors, effective from July 1.Further, budget passenger carrier will also enhance its operations on the Delhi-Patna (second frequency), Bengaluru-Rajahmundry (second frequency) and Mumbai-Bengaluru (fifth frequency) sectors with non-stop additional frequencies.SpiceJet is among the first private companies that stepped into the Indian aviation sector.

Hi-Tech Pipes commences production of galvanising facility
20 Jun 15:13

Hi-Tech Pipes has started commercial production of galvanising facility of ERW steel pipes in full swing at Hindupur in state of Andhra Pradesh. The total installed galvanising capacity is 25,000 mtpa. This facility will enable the company to produce value added products with higher margins and target new markets.Hi-Tech Pipes, is one of India`s leading producers and suppliers of steel pipes, hollow sections, tubes, cold rolled coils and strips and a variety of other galvanized products. 

Amarjothi Spinning inks pact with Kanagathra Wind Farms
20 Jun 15:04

Amarjothi Spinning Mills has enter into partnership with Kanagathra Wind Farms, partnership firm and to make investment of Rs 74,000 with 27% controlling interest by way of Capital contribution as a partner.Amarjothi Spinning Mills is engaged in the manufacturing and marketing of melange Yarn in India and internationally.