IDFC Bank : Price on 10/12/2018 Rs. 36/-

Headquartered in Mumbai, IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, internet and mobile. IDFC Bank offers basic services like Savings Accounts, NRI Accounts, Fixed Deposits, Home Loans, Personal Loans among others, using technology and a service-oriented approach, to make banking simple and accessible, anytime and from anywhere. The bank provides customized financial solutions to corporates, individuals, small and microenterprises, entrepreneurs, financial institutions and the government. IDFC Bank is a subsidiary of IDFC Ltd.

IDFC was granted an in-principle approval by Reserve Bank of India (RBI) on 9 April 2014 to set up a new bank in the private sector under Section 22 of the Banking Regulation Act, 1949. Accordingly, a new company namely IDFC Bank, with a paid up capital of Rs 5 lakh, was incorporated on 21 October 2014 at Chennai, Tamil Nadu under the Companies Act, 2013 to carry out the business of banking. As per the terms and conditions contained in the in-principle approval and the RBI New Banking Guidelines, IDFC was required to transfer Financing Undertaking to IDFC Bank. Accordingly, the Board of Directors of IDFC at its meeting held on 30 October 2014 approved a proposal to demerge its Financing Undertaking into its wholly owned step down subsidiary - IDFC Bank under a Demerger Scheme. On December 26, 2014, the entire equity stake of IDFC Bank held by IDFC was transferred to IDFC Financial Holding Company Limited (IDFC FHCL), thereby making IDFC Bank, a wholly owned subsidiary of IDFC FHCL, which in turn, is a wholly owned subsidiary of IDFC. Pursuant to the Scheme of Demerger, IDFC Bank issued and allotted 159.40 crore equity shares to shareholders of IDFC, thereby reducing the shareholding of IDFC FHCL from 100% to 53%. 

IDFC Bank began its operations with effect from 1 October 2015 with the launch of 23 branches across India and with a gross loan book of approximately Rs 46381 crore. Shares of IDFC Bank were listed on the bourses on 6 November 2015.

On 31 March 2016, IDFC Bank announced a partnership with Uphold, the world's fastest growing cloud-based financial platform, for instant, easy and affordable inward remittances to India. The partnership is subject to approval from the RBI. This will enable Uphold users across geographies, initially starting with the U.S. and UK, to send money or make payments instantly to anyone in India, redeemable directly through any Indian bank.

On 12 July 2016, IDFC Bank signed a share purchase agreement to acquire 100% of Grama Vidiyal Micro Finance Ltd, one of the largest microfinance institutions in the country. Upon completion of acquisition, Grama Vidiyal will be a wholly-owned subsidiary of IDFC Bank. The acquisition will give IDFC Bank immediate access to 1.2 million rural and semi-urban households and Grama Vidiyal's network of 319 locations across 65 districts of Tamil Nadu, Kerala, Karnataka, Pondicherry, Maharashtra, Gujarat and Madhya Pradesh will act as Business Correspondent (BC) centres to IDFC Bank. Grama Vidiyal has an AUM (Assets Under Management) of Rs 1502 crore of micro finance assets as on 31 March 2016.

IDFC Bank launched its services in Meghalaya on 8 August 2016, with the opening its first branch in the capital city of Shillong and setting up first-of-its-kind interoperable micro ATMs in the state's rural locations. IDFC Bank committed to provide 100,000 water and sanitation loans with a value of over Rs 200 crore, in the next three years, at the 2016 Global Citizen Festival held in Mumbai on 19 November 2016.

On 30 November 2016, IDFC Bank announced that it has partnered with Bangalore-based online lending platform, Capital Float, to provide digital lending to small businesses across India. The partnership will address the needs of borrowers who have no access to organised bank credit, with limited or no documentation and without existing credit history. It is thus expected to bring more small businesses into the organized finance architecture.

In 2016, IDFC Bank acquired up to 10% stake in ASA International India Microfinance for Rs 8.5 crore.

On 7 February 2017, IDFC Bank in collaboration with IndiaLends launched a differentiated personal loan solution for first-time borrowers. IndiaLends is a financial technology start-up founded by ex-Capital One professionals Gaurav Chopra and Mayank Kachhwaha.

IDFC Aadhaar Pay, India's first Aadhaar-linked cashless merchant solution, was officially launched on 7 March 2017, following successful pilots across 16 states. The customer's fingerprint is the password used to authenticate the transaction.

On 9 August 2017, IDFC Bank announced that it has partnered with Zeta, a leader in the digitised employee benefits space, to launch IDFC Bank Benefits' - an innovative solution for corporates that digitises employee spends and claims, making the process simple, real-time and paperless. The end-to-end digital solution comprises an IDFC Bank Benefits Card and Zeta app which integrates the full suite of allowances and reimbursements offered by an employer into one preloaded card.

On 17 October 2017, IDFC Bank crossed an important milestone with the launch of its 100th branch at Honnali, in Davanagere district of Karnataka. This coincides with the completion of the bank's second year of operations.

IDFC Bank, MobiKwik and Net1 announced a partnership on 9 November 2017 to launch a co-branded virtual prepaid card on the Visa platform to customers of MobiKwik. Around 65 million users of the MobiKwik will gain access to an IDFC Bank virtual card embedded within the app, making digital purchases at all e-commerce merchants easier and faster. Net 1, a leading international payments company, is a partner and a strategic investor in MobiKwik.

The Boards of Directors of IDFC Bank and Capital First at their respective meetings held on 13 January 2018 approved a merger of Capital First with IDFC Bank. Pursuant to the merger which is subject to regulatory and shareholder approvals, IDFC Bank will issue 139 shares for every 10 shares of Capital First. This announcement is pursuant to IDFC Bank's stated strategy of 'retailising' its business to complete their transformation from a dedicated infrastructure financier to a well-diversified universal bank, and in line with Capital First's stated intention and strategy to convert to a universal bank. Capital First is finance company specialising in financing small entrepreneurs and consumers based on new age technologies.

Post-merger, the combined entity of IDFC Bank and Capital First will have an AUM of Rs 88000 crores; PAT of Rs 1268 crores (FY 17); and a distribution network comprising 194 branches (as per branch count of December 2017 of both entities), 353 dedicated BC outlets and over 9,100 micro ATM points, serving more than five million customers across the country.


National Aluminium Company Limited (NALCO): Pirce Rs. 62/- on 10/12/2018


National Aluminium Company Limited (NALCO) is a Navratna Central Public Sector Enterprise (CPSE) under Ministry of Mines, Government of India. The Company is a group A' CPSE, having integrated and diversified operations in mining, metal and power. Presently, Government of India holds 56.59% equity of NALCO. NALCO is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country. The Company has a 68.25 lakh TPA Bauxite Mine & 21.00 lakh TPA (normative capacity) Alumina Refinery located at Damanjodi in Koraput district of Odisha, and 4.60 lakh TPA Aluminium Smelter & 1200MW Captive Power Plant located at Angul, Odisha. NALCO has bulk shipment facilities at Vizag port for export of Alumina/Aluminium and import of caustic soda and also utilizes the facilities at Kolkata and Paradeep Ports. The Company has registered sales offices in Delhi, Kolkata, Mumbai, Chennai and Bangalore and 9 operating stockyards at various locations in the Country to facilitate domestic marketing.

The Company is the lowest-cost producer of metallurgical grade alumina in the World as per Wood McKenzie report. With sustained quality products, the Company's export earnings accounted for about 43% of the sales turnover in the year 2017-18 and the Company was rated 3rd highest net export earning CPSE in 2016-17 as per Public Enterprise Survey report. 

NALCO was incorporated in 7th January of the year 1981. At Panchpatmali hills of Koraput district in Orissa, the company started its Bauxite Mines during November of the year 1985. After a year, during September of the year 1986, in the picturesque valley of Damanjodi in Koraput district, the company formed the Alumina Refinery. Aluminium Smelter of the company at Angul in Orissa was came to existence since early 1987. The Company had commenced the Alumina export and Aluminium export in January and September respectively during the year 1988. NALCO signed a project co-operation agreement with Hydro Aluminium AG, Norway in the year 1993 to carry out a joint study for feasibility of setting up a 100% export oriented aluminium plant of 0.9 million tonnes per annum capacity. In the year 1994, the Company made collaboration with various government agencies with aim of set up the facilities for extraction of gallium metal with an annual capacity of 950 kg at Damanjodi unit. During the year 1995, Smelter plant at Angul was undertaken with a capacity of 26000 TPY of strip casting facility, a special Alumina plant at Damanjodi was undertaken with a capacity of 20,000 TPY, a 10,000 TPY detergent grade Zeolite (Zeolite-A) plant at Damanjodi was undertaken and a 1000 Kg. per annum 5 N purity Gallium plant at Damanjodi based on indigenous technology was undertaken. The Company had explored the possibility of diversification during the year 1996 in terms of little other value added products such as special grade, alumina, Zeolite and aluminium cast wheel etc. in the year 1997, NALCO made a technical collaboration with Aluminum Pechiney (AP), France, the largest integrated aluminium company in Asia and also in the same year, the company had opened a stockyard at Bhiwandi in Thane district. 

NALCO bagged the top export award of Chemical and Allied Products Export Promotion Council (Capexil) for the year 1997-98. The Company established new records in bauxite mining, alumina production and exports during the year 1999. NALCO made its footprint in detergent business also in the year 2001. NALCO received the Niryat Shree award for two straight years, 2000-01 and 2001-02 from the Federation of Indian Export Organisation (FIEO) for excellence in exports. Alumina Refinery of the company was expanded to 15,75,000 TPA and dedicated to the Nation State Pollution in the year 2002. During the year 2003, the company had commissioned one unit of Captive Power Plant with a capacity of 120 MW and 120 pots of Smelter with a capacity to produce 57,500 MT of aluminium per year. During the year 2005, the company had inked an agreement with NMDC. During the year 2005-06, the company has enhanced its installed capacity of Special Grade Alumina (Calcined Alumina) & Aluminium Strips-RPU by 7000 Tonnes & 26000 Tonnes respectively. 

The Company had allotted 'UTKAL-E' Coal Block in the year 2006-07, having a reserve of around 70 million tonnes for its new units at Captive Power Plant by the Government of India. NALCO had embarked on an ambitious growth plan under 2nd phase expansion project at an estimated cost of Rs.5, 003 crore. As at January 2008, NALCO had inked a preliminary deal with the Indonesian government for a USD 3.2 billion project to build an aluminium smelter and power plant on Sumatra Island. The company is looking at building the smelter with an annual capacity of 250,000 tons in the first phase. It also plans to build the coal-fired power plant with a capacity to generate 750 megawatts of electricity. On 20 December 2018, National Aluminium Co. Ltd (NALCO) entered into a MoU with Rak Minerals & Metals Investments (RMMI), under which RMMI will have 24 per cent stake in Nalco's new aluminium project in Indonesia. While operations of the proposed smelter would leverage on RMMI's transport infrastructures in South Sumatra, the MoU also envisages actively scouting for other viable locations in Indonesia. This joint venture is aimed to create synergic value for the two companies and will enhance commitment to the project.

In February 2008, Andhra Pradesh government approved the company's 1.5 million ton aluminum refinery and a 2.57-lakh ton smelter in Andhra Pradesh. In April of the year 2008, the company had stepped into a memorandum of agreement (MoA) with Bharat Earth Movers (BEML) for production of aluminium rails and wagons and, subsequently, aluminium rail coaches and metro coaches. NALCO had short listed coalmines in Sumatra Island in May of the year 2008, to secure supplies for its proposed 750 MW power plant in Indonesia. 

During May of the year 2008, NALCO was conferred the Navratna status. On 26 December 2008, National Alumnimum Company Ltd (Nalco) formally switched on the first pot at Angul in Odisha which marked the commissioning of the 4th Potline under the 2nd phase expansion of the Aluminium Smelter.

The Board of Directors of National Aluminium Company (NALCO) at its meeting held on 31 January 2011 recommended sub-division of face value of share of Rs 10/- each fully paid up into 2 (Two) equity shares of Rs. 5/- each fully paid-up and issue of bonus shares to the existing shareholders of the company in the proportion of 1 (One) Bonus share for every 1 (one) existing fully paid-up equity share held.

On 15 September 2015, National Aluminium Company (NALCO) announced that the company has been allocated Utkal D and E coal blocks, in Angul district of Odisha, where the company's 4.6 lakh tonne aluminium smelter and 1200 MW captive power plant are located. 

On 24 November 2015, National Aluminium Company (NALCO) informed the stock exchanges that the company has received USD 8.05 million towards an out of court settlement from a US firm in connection with a case pending in the US Court.

National Aluminium Company (NALCO) registered highest-ever bauxite & alumina production during the financial year ended 31 March 2016. The aluminium major registered an all-time high production of 63,40,142 tonnes of bauxite in 2015-16 fiscal i.e. 10.47% higher, and 19,53,000 tonnes of alumina i.e. 5.51% higher than the corresponding figures of the previous fiscal.

On 6 May 2016, National Aluminium Company (NALCO) informed the stock exchanges that that Govt. of India vide Allotment Order dated 2 May 2016 has allotted Utkal-D & E Coal Mine in favour of the company. The Allotment Order was issued by the Office of Nominated Authority, Ministry of Coal on behalf of Govt, of India. All the rights, title and interest in and over the land and mine infrastructure of both Utkal-D & E Coal Mines shall stand fully and absolutely transferred and vested in the allotee i.e. NALCO.

On 23 May 2016, National Aluminium Company Limited (NALCO) and Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) signed an MoU to jointly explore the possibility of setting up an aluminium smelter in Iran, with supply of alumina from NALCO's refinery in India. The MoU also envisages tolling arrangement with existing smelters in Iran for producing aluminium from alumina supplied by NALCO. Inter alia, the MoU proposes to look into other business collaborations as well.

The Board of Directors of National Aluminium Company Limited (NALCO) at its meeting held on 25 May 2016 approved the proposal to buyback not exceeding 64.43 crore equity shares of the company (representing 25% of the total number of equity shares in the paid-up share capital of the company) at a price of Rs 44 per equity share payable in cash for an aggregate consideration not exceeding Rs 2834.96 crore from all the equity shareholders of the company, as on the record date, on a proportionate basis through a Tender Offer route. The Board of Directors noted the intention of the Promoter of the Company to participate in the proposed Buyback.

On 13 July 2016, National Aluminium Company Limited (NALCO) announced that the company has been granted Pottangi Bauxite Mines, in Koraput district of Odisha, where the company's 22,75,000-tonne Alumina Refinery is located. As per a recent order issued by Department of Steel & Mines, Govt of Odisha, NALCO has been granted the mining lease of Pottangi with an area covering 1738 hectares for a period of 50 years. NALCO's expansion plans, including the proposed addition of 5th stream in its existing Alumina Refinery at an investment of Rs 5600 crore, greatly depended on this additional source of bauxite.

On 16 December 2016, National Aluminium Company Limited (NALCO) and NTPC Ltd., the Maharatna Power Producer, entered into an MoU for developing power projects and other business collaborations in India. Under the MoU, the companies will float a Joint Venture namely NTPC-NALCO Power Company (NNPC) to set up power plants. The first such power plant is planned at Gajamara, Odisha with a capacity of 2,400 MW (3X800 MW), at an estimated investment of Rs. 14,000 crore. The proposed super critical power plant with state-of-the-art technology will supply uninterrupted power to NALCO's Smelter at Angul. The process for acquisition of 1,600 acres of land in Gajamara has already commenced.

On 18 September 2017, NALCO, Hindustan Copper (HCL) and Mineral Exploration Corporation (MECL), the three CPSEs under the administrative control of the Ministry of Mines, Government of India, signed an MoU to make the country self-reliant in the areas of 12 strategic materials that are either not available in the country or not available in the desired quantity. 

On 8 January 2018, NALCO unveiled Corporate Plan 2032 that provides strategic way forward for the company up to 2032. The new plan envisages NALCO to reach a turnover of Rs 18171 crore with profit after tax (PAT) of Rs 1693 crore by 2024 with enhancement of the smelting capacity to 1.1 million tons and refining capacity to 3.27 million tons. The long term strategy foresees the company to reach a turnover of Rs 31248 crore and PAT of Rs 3010 crore by 2032. The corporate plan also envisages backward integration to CT Pitch & caustic soda; forward integration to extrusion, foils and castings; expanding value addition capacities in wire rods and rolled products; diversifying into commercial mining in bauxite and chromite, conductors & Lithium-Ion batteries


IFGL Refractories Ltd : Price on 10/12/2018 Rs. 240 /-

IFGL Refractories Ltd. is a manufacturer of Specialised Refractories and requisite Operating Systems for Iron and  Steel Industry.

IFGL has a large pool of trained engineers and application specialists to offer customers Total Solution for Refractory for flow control in Steel Teeming and Continuous Casting of Steel.

The Slide Gate Refractories Plant was started in the year 1984. Indo Flogates was a joint venture with Flogates Ltd, UK and an exclusive Indian Licensee of Flocon Slide Gate Systems, developed by US Steel Corporation through their wholly-owned subsidiary USS Engineers and Consultants Inc. This plant now manufacturers Slide Gate Systems and Refractories with the latest know-how from Krosaki Harima Corporation, Japan, a subsidiary of Nippon Steel Corporation.

The Continuous Casting Refractories Plant set up in technical collaboration with Krosaki Harima Corporation, Japan (then known as Harima Ceramics Corporation) started production in 1993 manufacturing Isostatically Pressed Continuous Casting Refractories and Magnesia Carbon Tap Hole Sleeves.
IFGL operates the Quality Management System which complies with the requirements of BS EN ISO 9001:2008 and ISO 14001:2004.

IFGL acquired Monocon Group in September, 2005, with production facilities for

  • Tundish Spraying Mass
  • Refractory Darts
  • Monolithic Lances
  • Robotics for EAF, Ladle and Tundish lining maintenance.
  • Monolithics for EAF, Ladle and Tundish

In December, 2006, Monocon Group acquired Goricon Metallurgical Services Ltd, Wales (UK) and Goricon LLC, Ohio (USA) engaged in manufacture of Darts, Lances, Ladle Powders etc used by the Steel Industry.

In July, 2008 Hoffman Group was acquired with manufacturing facilities for

  • Foundry Ceramics – Casting Filters, Feeders, SiC Chill Plates, Pouring System and Monoblock Stopper
  • High Grade fire proof refractory shapes
  • Drawing tools and Tread Guides

In September, 2010 IFGL acquired EI Ceramics LLC and CUSC International Limited (CUSC), both Cincinnati, Ohio based companies engaged in manufacture of Isostatically Pressed Continuous Casting Refractories.

IFGL merged with its subsidiary, IFGL Exports Limited, also engaged in manufacture of Continuous Casting Refractories at new area of Kandla Special Economic Zone, in the state of Gujarat (India), on and from 1st April, 2016 following an Order passed on 3rd August, 2017 by the Hon'ble National Company Law Tribunal, Kolkata Bench. Subsequently on and from 25th October, 2017 name of said IFGL Exports Limited has changed to IFGL Refractories Limited.



 Source : Capita market



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