Stocks To Watch Today: ONGC, Nestle, GAIL, Waaree Energies, Tata Power, Britannia

• Oil & Natural Gas Corp.: The company’s board approved the acquisition of 1.15 crore shares of JV Mangalore SEZ from IL&FS for Rs 56 crore.

• Nestle India: The company added a KitKat production line for Rs 1,100 crore at the Sanand Factory in Gujarat.

• GAIL (India): The company increased the start-up corpus fund from Rs 100 crore to Rs 500 crore to boost innovation and entrepreneurship.

• Waaree Energies: Waaree Clean Energy Solutions, a subsidiary of the company, received a notification of award from the Solar Energy Corp. for setting up a production unit of 90,000 MT/annum for Green Hydrogen.

• KPI Green Energy: The company commissioned 40.16 megawatts of renewable power projects under the captive power producer segment.

• Tata Power Co.: A subsidiary of the company has signed a memorandum of understanding with Rajasthan Discoms to accelerate the adoption of rooftop solar systems.

• Aurobindo Pharma: The company’s subsidiary CuraTeQ Biologics got a positive opinion for the biosimilar Dyruped from the European Medicines Agency.

• Hero MotoCorp: Niranjan Gupta will step down as chief executive officer on April 30, with Vikram Kasbekar set to take over as acting chief executive officer from May 1.

• Punjab National Bank: The bank hiked MCLR by 5 basis points across tenures effective from Feb. 1.

• Britannia Industries: Amit Doshi resigned as the chief marketing officer effective from March 17.

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