NEW DELHI: Shares of pesticide maker NACL Industries surged over 7 per cent to Rs 97 after the company received approval for the expansion of its manufacturing unit.
The company said the Ministry of Environment, Forest and Climate Change had granted environment clearance concerning the expansion of manufacturing capacity of the company’s existing technical manufacturing Unit located at Sy. No. 177, Arinama Akkivalasa village, Etcherla Mandal, Srikakulam District, Andhra Pradesh.
The company plans to expand the unit from 30 TPD to 70.1 TPD with the inclusion of bio-based agrochemicals and Captive Cogeneration Power Plant 6 MW.
Zen Tech
Zen Technologies on Friday said it had signed an annual maintenance contract worth Rs 55 crore for simulators for a period of five years from the date of signing of the contract (22nd April 2022).
Zen Technologies is a leader in providing defence training solutions, drones and anti-drone solutions. As of date, the company’s total order book stands at Rs 477.04 crore, including Rs 305 crore in the domestic market and Rs 172 crore in export orders.
Zen Technologies shares rose 1.3 per cent following the update.
Adani Ports acquires another co
Adani Group flagship Adani Ports SEZ on Friday said it has agreed to acquire a 100 per cent stake in Ocean Sparkle Limited, which is a leading third party marine services provider, for Rs 1,530 crore. It is engaged in the business of port operations and marine services.
The company has an asset base of 94 owned vessels and 13 third-party-owned vessels. Adani Ports said the investment is in line with the company’s strategy to increase its footprint in the marine service market.
Shares of the company jumped about 3 per cent following the update.
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