Latest news with #ISOPROPYLAMINE
Business Standard
19 hours ago
- Automotive
- Business Standard
Stock Alert: Wheels India, Balaji Amines, Ask Automotive, CEAT, H.G. Infra Engg
Securities in F&O Ban: Titagarh Rail Systems, Birlasoft and MCX shares are banned from F&O on 26 June 2025. Stocks to Watch: Wheels India's board approved to acquire 7,64,533 equity shares or 12.51% stake in Axles India from Forge 2000 for a total consideration of Rs 22.68 crore. Balaji Amines has received consent to operate the manufacture of ISOPROPYLAMINE (MIPA/ DIPA). Trial runs will be started and commencement of commercial production will take effect shortly. Ask Automotives board granted approval for entering into a joint venture with T.D. Holding GMBH (TDH) for manufacturing, marketing and selling sunroof control cables and/or helix cables for passenger vehicles through a joint venture company. The company will own 49% of the shareholding in the JV Co remaining 51% stake will be owned by TDH CEATs board approved raising unsecured non-convertible debentures (NCDs) for aggregate amount not exceeding Rs 500 crore in one or more tranches, on a private placement basis. Texmaco Rail & Engineering received an order worth Rs 535 crore which include manufacturing and supply of 560 open Top wagons and long term maintenance contract for 20 years. H.G. Infra Engineering has incorporated a wholly owned subsidiary company namely , H.G. Choraniya Bess, a special purpose vehicle (SPV) for setting up of standalone battery energy storage systems (BESS) in Gujarat under tariff-based competitive bidding (Phase-VI).
Business Upturn
21 hours ago
- Business
- Business Upturn
Balaji Amines shares jump over 2% today after receiving consent for ISOPROPYLAMINE manufacturing
By Aditya Bhagchandani Published on June 26, 2025, 09:29 IST Shares of Balaji Amines surged more than 2% during Wednesday's session following the company's announcement that it has received regulatory consent to manufacture ISOPROPYLAMINE (MIPA/DIPA). The stock climbed 2.34% to ₹1,711.90 on the NSE, adding ₹39.20 over the previous close of ₹1,672.70. The day's trading range was between ₹1,656.50 and ₹1,729.90. In an exchange filing on June 25, Balaji Amines informed that it has received the necessary regulatory consent to begin manufacturing ISOPROPYLAMINE at its facilities. The company said trial runs will commence soon, with full-scale commercial production to follow shortly thereafter. The development is seen as a positive expansion in Balaji Amines' product portfolio, strengthening its position in the amine derivatives market. This regulatory approval aligns with the company's ongoing strategy to widen its specialty chemicals manufacturing capacity. As of the latest update, Balaji Amines' market capitalization stands at ₹5,578 crore, with a P/E ratio of 35.39. The stock has traded within a 52-week range of ₹1,127.55 to ₹2,549.75. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
21 hours ago
- Business
- Business Upturn
Top stocks in focus on June 26: Tata Steel, JSW Energy, Balaji Amines, SMS Pharma, Vodafone Idea and more
By Aman Shukla Published on June 26, 2025, 08:58 IST Indian stock markets are expected to react to several important corporate announcements and developments on Thursday, June 26. Here's a roundup of key stocks in focus: Wheels India has approved the purchase of 7.64 lakh shares in Axles India from Forge 2000 for ₹22.68 crore. Balaji Amines has received approval to start operations for manufacturing ISOPROPYLAMINE. Trial runs will begin shortly, followed by commercial production. Union Bank of India has cleared plans to raise up to ₹6,000 crore through a mix of debt and equity instruments. SMS Pharmaceuticals announced that the USFDA inspection at its Telangana facility concluded without any observations or warnings between June 23 and 25. Dilip Buildcon shared that it has provisionally wrapped up work on a four-lane section of the Bengaluru-Chennai Expressway in Andhra Pradesh. Jio Financial Services will invest ₹190 crore in its subsidiary, Jio Payments Bank. Timex Group confirmed that its promoter will use the oversubscription option in its ongoing offer for sale. Up to 15% stake will be sold between June 25 and 26. Vodafone Idea is reportedly looking to raise around $2.9 billion in loans to improve its network infrastructure. ASK Automotive has formed a joint venture with TD Holding GMBH (49:51 split) to manufacture and sell sunroof control and helix cables for passenger vehicles. Ceat is set to raise ₹500 crore via NCDs and will also inject ₹400 crore into its subsidiary, Ceat OHT Lanka. RCF Chemicals may face a ₹204 crore financial impact after the Department of Fertilizers declined to recognize spot gas purchases used in urea production during FY21–FY23. Federal Bank will review potential fundraising options at its upcoming board meeting on June 30. Tata Steel has picked up ₹1,563 crore worth of shares in T Steel Holdings. Separately, it has received a show-cause notice over alleged input tax credit irregularities worth ₹890 crore during FY19. Garware Technical Fibres will transfer all assets and liabilities of its Norway branch to its group company. Godrej Properties has entered into a deal to sell stakes in its subsidiaries for a total of ₹54 crore. Tejas Networks has joined hands with Rakuten Symphony to work on global 5G expansion using open, interoperable solutions. JSW Energy has inked a 300 MW hybrid solar-wind power deal with NHPC. The project is expected to go live within two years. The firm has also filed a petition against a state power utility over ₹507 crore in unpaid dues. Manappuram Finance is issuing warrants worth ₹2,192 crore to BC Asia Investments XIV at ₹236 apiece, with each carrying a right to convert into one share. OM Infra has secured an order worth ₹199 crore from NHPC for work on the Dibang Hydropower Project in Arunachal Pradesh. AU Small Finance Bank is scheduled to review its annual fundraising strategy on June 28. Signature Global has received board approval to raise ₹875 crore through NCDs. BSE has been fined ₹25 lakh by SEBI for regulatory non-compliance. The company has clarified that the penalty will not impact its operations or financials. Mahindra & Mahindra has offloaded its entire stake in Mahindra Defence Systems to Mahindra Advanced Technologies. Panorama Studios has signed a licensing deal with Arha Media for the airborne rights to four Telugu films. Prime Focus reported that its step-down subsidiary, Brahma AI Holdings, has set up a new US-based arm named Brahma AI Services. Bondada Engineering has formed a new unit, GreenBond RE Park Private, to pursue renewable energy opportunities. Macrotech Developers announced that Raunika Malhotra has stepped down from her position as whole-time director. Texmaco Rail received a large export order worth ₹535 crore from Cameroon's CAMALCO SA for the supply of 560 open-top wagons. HG Infra has incorporated a subsidiary to build standalone battery energy storage systems in Gujarat. Can Fin Homes plans to raise up to ₹10,000 crore via debt and another ₹1,000 crore through a QIP offering. JSW Steel has filed a review petition in the Supreme Court regarding the Bhushan Power and Steel resolution case. PB Fintech co-founders Yashish Dahiya and Alok Bansal are offloading 5.05 million shares (~1.1% stake) at ₹1,800 per share, amounting to ₹912 crore. Western Carriers has bagged a ₹558 crore contract from Jindal Stainless for dispatches involving slabs, coils, and sheet plates. HUL: Magnum HoldCo will acquire 61.9% in Kwality Wall's India from Unilever. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
