Adani Power on Friday said its subsidiary APML and Orient Cement have decided to terminate a pact signed between the two entities for utilisation of a parcel of land in Maharashtra.

Adani Power subsidiary APML terminates MoU for Maha land with Orient Cement

In a regulatory filing, Adani Power said its wholly-owned subsidiary Adani Power Maharashtra Limited (APML) had signed a non-binding Memorandum of Understanding (MoU) with Orient Cement Limited (OCL) on September 23, 2021 for allowing utilisation of a parcel of land on sub-lease basis, which has bee…

Adani Power subsidiary terminates MoU with Orient Cement

Orient Cement on Wednesday announced that the non-binding memorandum of understanding (MoU) that it had entered with Adani Power Maharashtra (APML) has been terminated.

Orient Cement and Adani Power Maharashtra terminate MoU to set up cement grinding unit

In September, 2021 Orient Cement has entered into a non-binding Memorandum of Understanding (MoU) with Adani Power Maharashtra.

Orient Cement shares fall after Adani Power Maharashtra terminates deal

Reliance, Tata Steel, Patel Engineering, Orient Cement, Adani Power, HG Infra, Venus Remedies, Elantas Beck, Lemon Tree

Stocks that will see action on February 23, 2023

Sanofi India, KSB, and Mideast Integrated Steels will be among the stocks in focus as they will declare their December quarter earnings today.

Stocks to Watch: Adani Group, Orient Cement, Delhivery, Biocon, Zee, HG Infra

Stocks to watch before going into trade today.

Stocks To Watch: Biocon, Tata Steel, Orient Cement, Mahindra CIE, Sanofi India, Wipro

Orient Cement entered into a MoU on September 24, 2021 with Adani Power Maharashtra Ltd (APML)

Orient Cement terminates MoU with Adani Power to set up unit in Maharashtra

The decision follows APML’s inability to obtain the required MIDC clearances for sub-leasing the parcel of land required for the cement grinding unit, due to some legal issues

Orient Cement drops plan to set up grinding unit with Adani Power

Adani Power Maharashtra wasn’t able to obtain required clearances for sub-leasing parcel of land required due to some legal issues, says Orient Cement

Orient Cement says MoU with Adani Power Maharashtra stands terminated; here’s why

Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 174 in its research report dated February 03, 2023.

Buy Orient Cement; target of Rs 174: Anand Rathi

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Orient Cement Limited is engaged in the manufacturing and sales of cement. The Company's products include Birla A1 Premium Cement, Birla A1 Premium Cement-OPC 53 Grade and Birla A1 Premium Cement-OPC 43 Grade.