Read more about Tata Power bags LoI from OERC on Business Standard. Tata Power has received a letter of intent (LoI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in Odisha s five circles of NESCO.
Barometers traded with robust gains in afternoon trade. At 12:53 IST, the barometer index, the S&P BSE Sensex, jumped 1225 points or 2.65% at 47,511.07. The Nifty 50 index surged 346.2 points or 2.54% at 13,980.45.
Shares rallied after Finance Minister Nirmala Sitharaman on Monday proposed a sharp rise in capital expenditure for the next fiscal to Rs 5.54 lakh crore, from Rs 4.39 lakh crore in the current financial year.
In broader market, the S&P BSE Mid-Cap index was up 0.51% while the S&P BSE Small-Cap index was up 0.41%.
The market breadth was positive. On the BSE, 1587 shares rose and 1123 shares fell. A total of 188 shares were unchanged.
ASE4PL, a subsidiary of Adani Green Energy, commissioned 100 MW (2x50 MW) Solar Power Plants at Jalalabad in Shahjahanpur district
and Sahaswan in Budaun district of Uttar Pradesh. The plants were commissioned almost 1 month ahead to their scheduled commissioning date.
Both the plants have Power Purchase Agreements (PPAs) with Uttar Pradesh Power Corporation
(UPPCL) at Rs. 3.22/kWh and 3.19/kWh, for a period of 25 years.
With this, the company has added a capacity of 700 MW capacity since the beginning of challenging
COVID-19 pandemic crisis. This places AGEL s total renewable portfolio of 14,815 MW well on
track to reach its vision of 25 GW capacity by 2025.
Read more about Tata Motors consolidated net profit rises 67.20% in the December 2020 quarter on Business Standard. Sales rise 5.39% to Rs 74878.98 crore
Jaiprakash Associates reports consolidated net loss of Rs 298 02 crore in the December 2020 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.