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Asia
HFCL Bags INR842 Million Orders for Optical Fiber Cables; Shares Jump 8%
HFCL (NSE:HFCL, BOM:500183) and subsidiary HTL secured purchase orders worth 842.3 million Indian rupees from an unnamed private telco, according to a Monday filing to the Indian stock exchanges.The contract is for the supply of optical fiber cables by August.Shares of the telecom equipment manufacturer were up nearly 8% in recent trade.
$BOM:500183$NSE:HFCL
Asia
Steel Strips Wheels Net Turnover Jumps 18% in April
Steel Strips Wheels' (NSE:SSWL, BOM:513262) net turnover jumped by over 18% to 5.01 billion Indian rupees in April against 4.24 billion rupees a year ago, according to a Friday filing to the Indian stock exchanges.The company's shares rose over 1% in Monday's trade.Gross turnover climbed over 12% year on year to 5.82 billion rupees from 5.19 billion rupees, the filing said.
$BOM:513262$NSE:SSWL
Oil & Energy
Market Chatter: Australia's Viva Energy Plans to Restart Geelong Refinery in June
Australia's Viva Energy said on Monday that it will complete the repair work at its Geelong Refinery in about six weeks, following a fire at the facility in April, according to a Reuters report.The country's largest refinery, with a capacity of 120,000 barrels per day, is expected to restart its residue catalytic cracking unit in June following the prolonged outage, during a period of persistent fuel shortages due to supply disruptions linked to the war in Iran."Production is expected to increase to over 90% of capacity following the restart of the RCCU," Viva Energy said in a statement on Monday.Viva Energy did not immediately respond to' request for a comment on this story.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)