NHPC Ltd has declared Patel Engineering Limited (PEL) as L1 for a Rs 240.02 crore contract for the works involving modification of diversion tunnel into tunnel spillway arrangement. The company has a market cap of Rs 4,930 crore and has ROE of 7.5 per cent. The stock has given more than more than 480 per cent multibagger returns in the last five years.
Open FlipAlan, the French insurance unicorn, just signed a multi-faceted deal with Belfius, one the largest banks in Belgium, that includes a distribution partnership along with a significant financial investment in the startup. Belfius is leading Alan’s Series F funding round of €173 million. It expects its annual recurring revenue to reach €450 million (around $500 million) this year.
Open FlipDev Information Technology Ltd has been awarded another order from RajCOMP Info Services Ltd. The order is to be executed within approximately 24 months, with a broad consideration or size of approximately Rs 1 crore. According to the shareholding pattern of the company, the promoters hold a significant 70.20 per cent stake. Public investors own 29.80 per cent of the shares.
Open Flip