Big day for Adani as four of the companies – Adani Ports & SEZ, Adani Green Energy, Ambuja Cements and NDTV – will report their quarterly results on Tuesday. After Adani Transmission’s decent numbers, analysts expect Adani Group companies to mimic the same.
Tata Steel recorded a net loss of ₹2,502 crore in the December quarter compared to a net profit of ₹9,598 crore recorded in the same period last year, due to lower realization and higher inventory in Europe. Overall costs increased to ₹57,172 crore (₹48,666 crore). EBITDA declined by 83% to ₹2,727 crore in the quarter from ₹15,890 crore recorded in the same period last year, due to margin compression in Europe
UltraTech Cement has announced the commissioning of a 1.5 mpta brownfield cement grinding unit at Jharsuguda in Odisha, bringing the total cement capacity in Odisha to 4.1 mtpa. With this commissioning, the company’s total cement manufacturing capacity in India now stands at 122.85 mtpa.
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Dhampur Sugar Mills has completed the expansion of its 130 KLPD (kilo liter per day) distillery capacity on heavy ‘C’ molasses at the Dhampur unit in Uttar Pradesh. With this expansion, the company’s distillery capacity now stands at 350 KLPD.
Kirloskar Ferrous Industries has announced the commissioning of its second coke oven plant in Koppal, Karnataka. The plant has a production capacity of 2 lakh metric tons per year. After the start of operations of the said plant, the total coke production capacity increased to 4 lakh metric tons per year. The coke will be used primarily for captive consumption.
Earnings Schedule: In addition to Adani Group stocks, host companies, such as Aditya Birla Fashion and Retail, Aditya Forge, Ashapuri Gold, Alphageo, Archidply, Astral, Baba Arts, Barbeque Nation, Bayer Cropscience, Bharat Dynamatics, Mrs Bectors Foods , Bedmutha, Beeyu Overseas, Bharti Airtel, CAMS, Century Ply, Chambal Fertilizers, Caprihans, Chemfab Alkalis, CreditAccess Grameen, Deepak Nitrite, Diamines Chem, Donear, Elpro, Essar Shipping, Eveready Industries, Everlon Synthetics, Fluorochemicals, Fortis Malar , Glaxo Pharma, GNFC, Gravity, GSFC, Gujarat Alkalies, Gujarat State FIN, HCL, Hero MotoCorp, Inspirisys, IOL Chem, IRB InvIT, ITDC, JM FInancial, Kalyan Jewelers, Kirloskar Ferrous, Lyka Labs, Manugraph, Motherson Sumi, Nagarjuna Fertilizers, Navine Fluorine, NHPC, Nova Iron, Panasonic Energy, Phoenix, Power Mech Projects, Prakash Ind, Prince Pipes, Ramco Cement, Rane Engine, RCF, Sobha, Somany Ceramics, Shriram Asset, Talbros, Thermax, TTK Health, Ultramarine , Vadilal, Veritas, Varro c, and Wonderla.