The board of directors of Gujarat Pipavav Port on Thursday approved the revised plan to expand its container handling capacity from nearly 0.85 million TEUs to about 1.35 million TEUs at an estimated cost of about ₹460 crore. The capex plans include purchase of three post Panamax cranes with spreaders to replace the existing old cranes; strengthen the existing berth; undertake dredging operations at the berth pockets; phased development of the container yard and purchase of four rubber tyre gantry cranes with spreaders.

The board of directors of Stovec Industries is scheduled to meet on April 25 to consider acquisition of equity shares of a private limited company and purchase of assets from an existing unlisted public limited company for business growth. Stovec, however, did not disclose the names of the companies or financial details. The stock on Thursday closed flat at ₹463.1 on the BSE.

DCB Bank has informed the exchanges that its board of directors on Thursday decided to raise an amount not exceeding ₹300 crore, through the QIP route. The proposal is, however, subject to regulatory and other approvals, the Bank said.