CIL in 25-year pact to sell solar power to GUVNL
April 23, 2021
The ₹442-crore project will be executedthrough a solar EPC contractor
Coal India Ltd has signed a 25-year power purchase agreement for sale of 100 MW solar power to Gujarat Urja Vikas Nigam Ltd (GUVNL).
In its maiden venture into solar power, CIL had, in March this year, won a 100-MW solar power project in reverse auction conducted by GUVNL.
EPC tender floated
The ₹442-crore project will be executedthrough a solar EPC contractor.
In a back-to-back arrangement, CIL has already issued a tender in advance for finalis the contractor. The project will be executed within one year from the date of placement of the work order.
Here are the top stocks that are likely to be in focus today:
Macrotech Developers: The shares of Macrotech Developers will list on the bourses today. The IPO that ran between April 7-9 was subscribed 1.36 times. The issue price has been fixed at Rs 486 per share.
Earnings Today: ACC, ICICI Prudential Life Insurance Company, Bajaj Consumer Care, CRISIL, Agio Paper & Industries, Pratik Panels, Response Informatics, and Sri Chakra Cement will release quarterly numbers on April 19.
HDFC Bank: The private sector lender on Saturday reported a 15.8 per cent YoY rise in its consolidated net profit at Rs 8,434 crore for the quarter ended March 2021. The private sector lender had registered a net profit of Rs 7,280 crore in the corresponding quarter a year ago.