Shares of Lupin, Reliance Industries, JSW Infrastructure, Highway Infrastructure, Seamec and Embassy Developments are expected to remain in focus on February 17 amid quarterly earnings announcements, new contracts and international agreements.
Quarterly Earnings Announcements
Valecha Engineering, Binny, Creative Eye and Sparc Electrex are scheduled to report their quarterly results on February 17. The disclosures will provide details on financial performance, revenue and profit for the period under review.
JSW Infrastructure Board Meeting on Fund Raising
JSW Infrastructure will hold a board meeting on February 20 to consider fund-raising options. The company may evaluate the issuance of equity shares through qualified institutional placement, a rights issue or other permissible methods.
Reliance Consumer Products Enters Nigeria Agreement
Reliance Industries’ FMCG arm, Reliance Consumer Products, has entered into an agreement with Nigeria-based Tropical General Investments Group. The partnership is aimed at expanding Reliance’s presence in the African consumer market.
Lupin Signs Agreement for Antidepressant Commercialisation
Pharmaceutical company Lupin has signed a licence and supply agreement with Spektus Pharma for the commercialisation of the antidepressant drug DeslaFlex in Canada. DeslaFlex has been developed by Spektus and is based on its patented Flexitab oral drug-delivery platform.
Highway Infrastructure Receives Letter of Acceptance
Highway Infrastructure has received a Letter of Acceptance worth Rs 154.6 crore from the National Highways Authority of India for operations at the Moti Naroli Fee Plaza in Gujarat.
Seamec Vessel Secures Contract
Seamec’s vessel SEAMEC PRINCESS has been charter-hired by Supreme Offshore Construction & Technical Services for operations in ONGC’s western offshore oil fields. The vessel will undertake SAT diving and air diving works. The total contract value is approximately US$ 0.46 million.
Embassy Developments Receives RERA Approval
Embassy Developments has received approval from the Maharashtra Real Estate Regulatory Authority for Embassy Serenity Phase I, its first residential project in Alibaug within the Mumbai Metropolitan Region.
