Announcements

CEAT

CEAT announced that the company has been able to partially resume functioning at its plant located at Mumbai.

Coromandel Inter

Coromandel International announced that the Annual General Meeting (AGM) of the company will be held on 24 July 2020.

Elgi Equipment

Elgi Equipments announced that the Board of the Directors of the company through a circular resolution on 26 May 2020 has proposed to wind up the company's subsidiary in China, Elgi Equipments Zhejiang, which carries out the business of import, warehousing, selling and servicing of compressor products. The subsidiary has not been performing to expected levels for the past few years. Elgi Equipments Zhejiang's business operations in China have been severely affected due to the general economic downturn, now aggravated by the advent of Covid-19.

Greaves Cotton

Greaves Cotton will hold a meeting of the Board of Directors of the Company on 5 June 2020.

Tata Inv.Corpn.

Tata Investment Corporation announced that the Board of Directors of the Company at its meeting held on 27 May 2020, has recommended a Final dividend of Rs.18 per share (i.e.180%), subject to the approval of the shareholders.

Larsen & Toubro

The Heavy Engineering arm of Larsen & Toubro ensured dispatch of critical Reactors, Coke drums and Sub-assemblies of Nuclear Fusion reactor for their global clients during the lockdown period in India from beginning of last week of March.

During this period, a final consignment of 4 (out of total package of 16) ARDS Reactors for Refinery modernization project for clean, environment friendly fuels to ADNOC, Abu Dhabi were delivered by the company. The final 4 Coke Drums part of package of critical Hydrocracking Reactors for DUQM Refinery in Sultanate of Oman & 2 Ethylene Oxide Reactors for LPCL Petrochemical Complex in China were delivered on time.

The sub-assemblies for International Thermonuclear Experimental Reactor (ITER) France were delivered on an urgent basis during Lockdown to ensure uninterrupted assembly of Cryostat in Reactor pit in southern France. It is noteworthy to mention that L&T Heavy Engineering has delivered key assemblies towards realising full fusion power, by manufacturing the world's largest high-vacuum pressure chamber Cryostat and In Wall Shields for $25 billion multinational ITER project.

All these significant orders for Process Plant and Nuclear Power mega projects were secured against global competition with stiff delivery requirements.

Vedanta

Vedanta announced that India Ratings has downgraded the rating of the Company to IND AA- with negative outlook from previous rating of IND AA/ negative outlook.

Stovec Inds.

Stovec Industries will hold a meeting of the Board of Directors of the Company on 4 June 2020.

Wipro

Wipro announced that it has been positioned as a ‘Leader' in Gartner's 2020 Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services, Worldwide. The report authored by Craig Lowery, To Chee Eng, Scot MacLellan, Ross Winser, and Brandon Medford was published on 04 May 2020.

V I P Inds.

VIP Industries announced that the 53th Annual General Meeting (AGM) of the company will be held on 5 August 2020.