Tue, Jan 19, 2021 6:57 PM
Export orders for 37k wheels bagged by Steel Strips Wheels
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ITC plans to invest Rs 20,000 crore over the next five years to enhance competitiveness and prepare for future opportunities. The capital allocation plan includes 35-40% for FMCG, 35% for paper boards and packaging, and the rest for other businesses. The investment will also fund a new greenfield site for paper boards and packaging, expanding the business in a modular fashion.
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As many as 99 companies, including 5 Nifty companies, have set record dates for dividend payouts. Eligible shareholders will receive dividends ranging from Rs 0.1 to Rs 125 per share. The list of companies trading on an ex-dividend basis this week includes Deepak Nitrite, Maruti Suzuki, Cipla, Divi's Laboratories, and Hero Motocorp, with dividend payouts totaling Rs 7.5 to Rs 125 per share.
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KEC International reported a net profit of Rs 87.6 cr, more than doubling from Rs 42 cr yoy, with revenue increasing 6.3% to Rs 4,512 cr. Operating income rose 10.6% to Rs 270 cr, with a 6% EBITDA margin. The company plans to raise up to Rs 6,000 cr through a qualified institutional placement & non-convertible debentures, aiming to raise Rs 4,500 crore via equity and Rs 1,500 crore via debentures.
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