SONA BLW PRECISION FORGINGS LTD.
NSE : SONACOMSBSE : 543300ISIN
CODE : INE073K01018Industry : Auto AncillaryHouse
: Private
BSE610.451.9 (+0.31 % )
PREV CLOSE (Rs.) 608.55
OPEN PRICE (Rs.) 615.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 113450
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE610.25 2 (+0.33 % )
PREV CLOSE(Rs.) 608.25
OPEN PRICE (Rs.) 614.45
BID PRICE (QTY) 610.25 (720 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 2226760
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 22-Apr-2024 | Sona BLW Precision Forgings, HDFC Bank and NTPC to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Sona BLW Precision Forgings</span> (Sona Comstar) has inaugurated its new manufacturing plant in the Fipasi Industrial Park, Silao, Mexico. This strategic expansion underscores the company's commitment to meeting the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America. As mobility undergoes a profound transformation, Sona Comstar remains at the forefront of electrification through strategic expansions and investments in research and development, dedicatedly pioneering innovative solutions that seamlessly align with this dynamic future. </p><p style="text-align: justify;"><span style="font-weight: bold;">HDFC Bank</span> has reported results for fourth quarter (Q4) ended March 31, 2024. The bank has reported rise of 37.06% in its net profit at Rs 16511.85 crore for the quarter under review as compared to Rs 12047.45 crore for the same quarter in the previous year. Total income of the bank increased by 66.46% at Rs 89639.00 crore for Q4FY24 as compared Rs 53850.54 crore for the corresponding quarter previous year. On consolidated basis, the bank has reported rise of 39.92% in its net profit at Rs 17622.38 crore for fourth quarter ended March 31, 2024 as compared to Rs 12594.47 crore for the same quarter in the previous year. Total income of the bank reported over 2- fold jump at Rs 124391.35 crore for Q4FY24 as compared Rs 57158.84 crore for the corresponding quarter previous year.</p><p style="text-align: justify;"><span style="font-weight: bold;">NTPC</span>'s wholly owned subsidiary -- NTPC Green Energy (NGEL) has signed Memorandum of Understanding (MoU) with Indus Towers to address the need for pacing green energy objectives and the GOI's efforts towards carbon neutral economy. </p><p style="text-align: justify;"><span style="font-weight: bold;">The India Cements</span> has received approval to sell its grinding unit, with an installed capacity of 1.1 MTPA, at Parli Vaijnath, Beed District, Maharashtra (PGU), to UltraTech Cement for a total consideration of Rs 315 crore (exclusive of taxes and levies). In this regard, the company has entered into an asset purchase agreement with UltraTech Cement. The Board of Directors of company at its meeting held on April 20, 2024, approved the same. </p><p style="text-align: justify;"><span style="font-weight: bold;">JIO Financial Services </span>has reported results for fourth quarter (Q4) and year ended March 31, 2024. The company has reported over 3-fold jump in its net profit at Rs 77.76 crore for the quarter under review as compared to Rs 23.03 crore for the same quarter in the previous year. Total income of the company significantly increased to Rs 140.51 crore for Q4FY24 as compared Rs 20.96 crore for the corresponding quarter previous year. For the year ended March 31, 2024, the company has reported over 12-fold jump in its net profit at Rs 382.47 crore as compared to Rs 31.25 crore for the previous year. Total income of the company significantly increased to Rs 638.06 crore for year under review as compared Rs 44.84 crore for year ended March 31, 2023.</p><p style="text-align: justify;"><span style="font-weight: bold;">KPIT Technologies</span> has acquired balance stake in PathPartner Technology. Accordingly, PathPartner has become a wholly owned subsidiary of the Company. The cost of acquisition of 100% stake has not exceeded Rs 191 crore. The objective of acquisition is to strengthen KPITs software integration capabilities and help deliver complex software solutions for new-age vehicle architectures; early access to semiconductor technologies by leveraging PathPartner centers of excellence and technical assets for automotive OEMs and Tier 1s; and Provide compelling value in performance engineering of complex high compute domain controller software in Autonomous, Infotainment, Connected, and Electrification domains.</p><p style="text-align: justify;"><span style="font-weight: bold;">National Fertilizers</span> has received Navratna Status from Department of Public Enterprise, Ministry of Finance, Government of India. The term 'Navratna' refers to a select group of top-performing Central Public Sector Enterprises (CPSEs) that have been granted greater autonomy and financial powers by the Centre in recognition of their performance.</p> |
| 20-Apr-2024 | Sona BLW Precision Forgings inaugurates new manufacturing plant in Mexico | <p style="text-align: justify;">Sona BLW Precision Forgings (Sona Comstar) has inaugurated its new manufacturing plant in the Fipasi Industrial Park, Silao, Mexico. This strategic expansion underscores the company's commitment to meeting the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America. As mobility undergoes a profound transformation, Sona Comstar remains at the forefront of electrification through strategic expansions and investments in research and development, dedicatedly pioneering innovative solutions that seamlessly align with this dynamic future. </p><p style="text-align: justify;">The new facility will specialize in producing differential assemblies and reduction gears meticulously designed for BEVs. Over time, it will further diversify its product range to accommodate the evolving technological advancements in electric vehicles. As one of the largest manufacturers of differential assemblies for BEVs worldwide, Sona Comstar recognizes the significance of North America as the largest end-market, contributing a substantial 40% to its revenue. The strategic location of the new plant in Mexico is poised to enhance the company's supply chain efficiency and responsiveness to customer demands in the region.</p><p style="text-align: justify;">Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.</p><div style="text-align: justify;"><br></div> |
| 20-Apr-2024 | Sona BLW Precision Forgings informs about press release | <p style="text-align: justify;">Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sona BLW Precision Forgings has informed that it enclosed press release for Inaugurates New Manufacturing Plant in Mexico.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 10-Apr-2024 | Sona BLW Precision Forgings informs about compliance certificate | <div style="text-align: justify;">Sona BLW Precision Forgings has enclosed Compliance Certificate dated 4th April, 2024, duly signed by the Compliance Officer of the Company and the RTA of the Company, pursuant to Regulation 7(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), for the financial year ended on 31st March 2024.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 10-Apr-2024 | Sona BLW Precision Forgings informs about compliances-certificate | <div style="text-align: justify;">Sona BLW Precision Forgings has enclosed a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2024 received from KFin Technologies, Registrar and Share Transfer Agent of the Company.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 18-Mar-2024 | Sona BLW Precision Forgings informs about press release | <p style="text-align: justify;">Pursuant to Regulation 30 and schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sona BLW Precision Forgings has informed that it enclosed press release for achieving the significant production milestones 400 million differential gears and 6 million differential assemblies.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p><div style="text-align: justify;"><br></div> |
| 24-Feb-2024 | Sona BLW Precision Forgings gets certification under auto PLI scheme | <p style="text-align: justify;">Sona BLW Precision Forgings (Sona Comstar) has received certification under the auto Production Linked Incentive (PLI) scheme. The company had filed seven applications for different products under the PLI scheme, and it has received the certification for its first product, a hub wheel drive motor for electric two-wheelers. The company is the first automotive component company to receive the certification. This recognition reaffirms the company's commitment to making India proud of its engineering skills and solving complex and customised engineering problems for its customers.</p><p style="text-align: justify;">Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.</p><div style="text-align: justify;"><br></div> |
| 25-Jan-2024 | Sona BLW Precision Forgings inks definitive documents with CleanMax | <p style="text-align: justify;">Sona BLW Precision Forgings has executed the definitive documents with the CleanMax Enviro Energy Solutions on January 24, 2024 for setting up captive power generating facility in the state of Haryana, having solar capacity of 14.85 MWp for its operations Gurgaon and Manesar, Haryana, through a special purpose vehicle ‘CleanMax Calypso' incorporated for this purpose.</p><p style="text-align: justify;">Earlier, the company had executed Letter of Intents (LoI) on November 27, 2023 with CleanMax Enviro Energy Solutions (CleanMax) for setting up Captive Generating Plant with Solar Capacity of 14.85 MWp in the state of Haryana and 4.00 MWp in the state of Maharashtra.</p><p style="text-align: justify;">Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.</p><div style="text-align: justify;"><br></div> |
| 25-Jan-2024 | Sona BLW Precision Forgings gains on inking definitive documents with CleanMax | <p style="text-align: justify;">Sona BLW Precision Forgings is currently trading at Rs. 588.15, up by 2.40 points or 0.41% from its previous closing of Rs. 585.75 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 586.90 and has touched a high and low of Rs. 590.80 and Rs. 578.15 respectively. So far 64093 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 670.20 on 04-Jan-2024 and a 52 week low of Rs. 401.10 on 28-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 598.25 and Rs. 571.15 respectively. The current market cap of the company is Rs. 34306.85 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 29.71%, while Institutions and Non-Institutions held 60.78% and 9.51% respectively.</p><p style="text-align: justify;">Sona BLW Precision Forgings has executed the definitive documents with the CleanMax Enviro Energy Solutions on January 24, 2024 for setting up captive power generating facility in the state of Haryana, having solar capacity of 14.85 MWp for its operations Gurgaon and Manesar, Haryana, through a special purpose vehicle ‘CleanMax Calypso' incorporated for this purpose.</p><p style="text-align: justify;">Earlier, the company had executed Letter of Intents (LoI) on November 27, 2023 with CleanMax Enviro Energy Solutions (CleanMax) for setting up Captive Generating Plant with Solar Capacity of 14.85 MWp in the state of Haryana and 4.00 MWp in the state of Maharashtra.</p><p style="text-align: justify;">Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.</p><div style="text-align: justify;"><br></div> |
| 24-Jan-2024 | Sona BLW Precision Forgings informs about newspaper publication | <div style="text-align: justify;">Pursuant to Regulation 47 and other applicable regulations, if any of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, Sona BLW Precision Forgings has enclosed copies of the newspaper advertisement pertaining to financial results of the Company for the quarter and nine months ended on 31st December, 2023 and intimation of interim dividend declared by the Board for financial year 2023-24. The advertisements were published in Business Standard, English and Hindi newspapers today. The copy is enclosed. </div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
