Applicability of New Investment Policy 2012 extended to RFCL
By IANS |
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Korean Govt-led trade panel meets Sikkim Commerce minister to explore investment avenues. Image Source: IANS News
New Delhi, June 9 : The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the extension of applicability of New Investment Policy (NIP)-2012, read with its amendment dated October 7, 2014, for the Ramagundam Fertilisers and Chemicals Ltd (RFCL).
The RFCL is a joint venture company consisting of National Fertilisers Ltd (NFL), Engineers India Ltd (EIL) and Fertilisers Corporation of India Ltd (FCIL) which was incorporated on Febuary 17, 2015. RFCL is reviving the erstwhile Ramagundam (Telangana) unit of FCIL by setting up a new gas-based green field neem coated urea plant with the installed capacity of 12.7 lakh metric ton per annum (LMTPA).
Bharat Petroleum Corporation Ltd (BPCL) on Wednesday declared a record Rs 12,581 crore dividend, more than half of which will go to the government, ahead of the privatisation of the company. In a regulatory filing, BPCL said its Board of Directors has recommended a final dividend of Rs 58 per equity share (including one-time special dividend of Rs 35 per equity share of Rs 10 each) for the financial year ended March 31, 2021 subject to the approval of the shareholders. The dividend works out to Rs 12,581.66 crore, including special dividend of Rs 7592.38 crore. The government, which is selling its entire 52.98 per cent stake in BPCL, will get Rs 6,665.76 crore plus dividend distribution tax.
PTC India Ltd registered volume of 7.2 lakh shares by 10:49 IST on BSE, a 4.45 fold spurt over two-week average daily volume of 1.62 lakh shares
Tata Motors-DVR, ITI Ltd, Engineers India Ltd, Coal India Ltd are among the other stocks to see a surge in volumes on BSE today, 11 May 2021.
PTC India Ltd registered volume of 7.2 lakh shares by 10:49 IST on BSE, a 4.45 fold spurt over two-week average daily volume of 1.62 lakh shares. The stock rose 5.94% to Rs.88.35. Volumes stood at 1.7 lakh shares in the last session.
Tata Motors-DVR witnessed volume of 5.65 lakh shares by 10:49 IST on BSE, a 3.76 times surge over two-week average daily volume of 1.50 lakh shares. The stock increased 3.66% to Rs.147.30. Volumes stood at 5.03 lakh shares in the last session.