Company news

| Updated on January 09, 2018 Published on November 29, 2017

Power Mech Projects on Wednesday said that it is in receipt of orders worth ₹357 crore for infrastructure development work at Andhra Pradesh Medtech Zone (AMTZ), an enterprise under the Government of Andhra Pradesh. The order is for construction of an ultra-modern medical equipment manufacturing and testing facility under the Make In India scheme. Shares of Power Mech jumped 5.84 per cent at ₹764.85 on the NSE.

India Motor Parts and Accessories on Wednesday invested ₹4.5 crore in CAPL Motor Parts Private Ltd. The company has acquired 90 per cent stake in the latter through the investment. Following the acquisition, CAPL Motor has become a subsidiary of IMPAL. CAPL Motor is a private limited company with authorised capital of ₹5 crore and paid-up capital of ₹16,680. Shares of IMPAL closed at ₹1,001.45 on the NSE, a gain of 2.64 per cent.

Inox Leisure has informed the exchanges regarding commencement of commercial operations of the multiplex cinema theatre (MCP) at Reliance Mega Mall, Kolhapur. The MCP, which was taken on license, has four screens and 870 seats. Inox currently operates in 59 cities with 121 multiplexes and 485 screens. Shares of Inox Leisure closed flat at ₹271.75 on the NSE.

Published on November 29, 2017
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