L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro Limited, has signed a memorandum of understanding (MoU) with NTPC Ltd, wherein LTHE shall be the engineering, procurement, and construction (EPC) management partner to build CO2 to Methanol demonstration plant in NTPC Power Station.

The company reported net sales of Rs 3043.08 crore in Q1FY21, which declined by 2.22 per cent YoY from Rs 3112.32 crore in Q1FY20.

Factors like the early onset of monsoon, 19 per cent higher Kharif sowing, and agricultural inputs being an essential commodity, these companies carried out their operations during the COVID-19 lockdown period.

Everest Kanto Cylinder Ltd (EKC) gains by 25.43 per cent in just three trading sessions. The stock had hit its upper circuit in the previous two trading sessions.

On the downside, important support is placed around 11,250 levels, followed by 11,180 levels. While on the upside, the levels of 11,460, followed by 11,563, are likely to act as a hurdle for the bulls. Stocks in news: Cosmo Films, Prince Pipes and Fittings, L&TFH.

Indian markets are most likely to open on a gap-down start owing to the severe weakness seen on the global shores. At 8:00 am, SGX Nifty was trading down by 1.22 per cent or 139.50 points below the 11,300 mark.

The company reported consolidated net sales of Rs 276.86 crore in Q1FY21, which declined by 35.83 per cent YoY from Rs 431.42 crore in Q1FY20.

Net interest income (NII) stood at Rs 1,556.86 crore which registered a growth of 20.4 per cent YoY, as against Rs 1,293.45 crore in Q1FY20. 

The share price of Shreyas Shipping & Logistics was locked at an upper circuit on Wednesday after its board approved the sale of its businesses to Unifeeder ISC FZCO.

Total income grew by 28.8 per cent YoY to Rs 496.88 crore in Q1FY21. It had reported total income of Rs 385.64 crore in Q1FY20.