visimoney
TLDR:
Key Points:
- Vedanta Resources plans to reduce debt by $3 billion over the next three years
- LIC Housing Finance aims to accumulate capital through green bonds for eco-friendly housing projects
In the stock market, several companies are set to make significant moves. Vedanta Resources, the parent company of Vedanta Limited, plans to reduce its debt by $3 billion over the next three years, focusing on deleveraging. LIC Housing Finance is strategizing to accumulate capital through green bonds to fund eco-friendly housing projects in the upcoming fiscal year.
Signature Global, a real estate firm, has announced record pre-launch sales of over ₹3,600 crore for its luxury housing project in Gurugram. Reliance Industries, under Mukesh Ambani’s leadership, is looking to venture into pumped storage projects for hydroelectric power to focus on clean energy.
Other key companies in focus include SJVN Green Energy winning a 200 MW solar project in an e-Reverse Auction, Lupin Digital Health aiming to increase its customer base by ten times, and Britannia Industries considering potential joint ventures to expand its portfolio into high-margin categories.
Tata Motors has introduced a new generation of commercial vehicles powered by green fuels, while Coal India is confident in achieving its production target for the fiscal year 2023-24. Godrej Properties has finalized agreements for a township project in North Bengaluru, and SJVN aims to participate in pumped storage projects.
