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Sintex Plastics Technology , the demerged entity of Sintex Industries, on Tuesday said that it has allotted 29,27,356 equity shares of ₹1 each of Sintex Plastics Technology to foreign currency convertible bonds (FCCB) holders upon exercise of their conversion right. Following the allotment, the paid-up equity capital of the company has increased to ₹58.60 crore from ₹58.31 crore. Similarly, Sintex Industries has said that it has allotted 29,27,356 equity shares to FCCB holders upon exercise of their conversion right. While shares of Sintex Industries slipped 1.4 per cent at ₹24.45, the stock of Sintex Plastics gained 0.9 per cent at ₹83.75.
Power Mech Projects on Tuesday informed the exchanges that it has won orders worth ₹381 crore. Mas Power Arabia (51 per cent subsidiary of the company) has received ₹72-crore worth order for onsite assembly of piping and equipment and a ₹125-crore order in Telangana for a coal handling plant. The other orders include NER Power System (improvement; Assam and Nagaland), Uttar Pradesh (thermal power project) and Jebel Ali Power Station. Shares of Power Mech closed 2.58 per cent higher at ₹768.90 on the BSE.
Simplex Infrastructures has bagged a ₹524-crore order from State-owned NBCC for construction of institutional buildings in Odisha. Shares of Simplex Infrastructures jumped to a high of ₹594.80 immediately, but later closed at ₹558.92, still 7 per cent higher than the previous day’s close on the BSE.
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