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Balkrishna Industries to go ahead with Carbon Black project

The Board of Directors of Balkrishna Industries have given their nod for setting up of a Carbon Black project at its Bhuj plant with an initial annual capacity of 60,000 MT at an estimated capital outlay of Rs 150 crore.
 
The company’s board has also declared an interim dividend of Rs 2.50 per equity share on face value of Rs 2 per share for FY 2017-18.
 
Meanwhile, the stock gained 1.20% at Rs 1,631.00 per share on the BSE. The stock on the NSE attracted a traded volume of 47,283 shares and a traded value of Rs 768.76 lakh.
 
The company has a return on equity of 24.21% for three years. The stock has given 123% return on a yearly basis.
 
Balkrishna Industries is engaged in offering pneumatic tyres. The company offers tyres, tubes and tyre flaps. It focuses on manufacture of a range of off-highway tyres (OHT). These tyres are mainly meant for agricultural, industrial and construction, earthmoving and port, mining, forestry, and lawn and garden applications.

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LTI solidifies presence in Nordic region via partnership with Sweden-based Hoist Finance

Anthony Fernandes / Article rating: 4.4

Larsen & Toubro Infotech (LTI), a global technology consulting & digital solutions company has entered into a strategic engagement with Hoist Finance AB, a pan European financial services company in the purchasing and management of non-performing & performing loan, to provide banking-as-a-service via its digital banking platform.  

Shares of Praj Industries surge on technology breakthrough to produce Bio-bitumen

Anthony Fernandes / Article rating: 4.2

The industrial biotech company, Praj Industries announced today that it has successfully developed innovative technology to produce Bio-bitumen based on lignin after Netherlands-based Circular Biobased Delta approved Praj’s Bio-bitumen samples processed from purified lignin. 

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