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SGX Nifty hints at flat opening for Nifty - The Hindu BusinessLine

SGX Nifty hints at flat opening for Nifty May 05, 2021 But investors remain cautious due to shutdown fears Markets to remain cautous though SGX NIfty points a flat opening, as pandemic-related local shut-downs continue keep investors on the edge. The SGX Nifty at 14,589 (8 am IST) signals a mild positive opening for Nifty futures, which on Tuesday closed at 14,549.30. The US stocks, which slumped in early session on Tuesday due to Joe Biden s super rich tax fears, ended the day in the positive territory. However, the tech-heavy Nasdaq remained weak throughout the day as investors booked profits in heavy-weight stocks. S&P 500 too closed in the red. Most Asia-Pacific markets remained closed on Wednesday . Cues from Australia, Korea and Taiwan are positive.

Hitachi ABB Power Grids in India bags Rs 124 cr order from BALCO

Hitachi ABB Power Grids in India has won an order worth Rs 124 crore from leading aluminium producer Bharat Aluminum Company (BALCO) to strengthen its power infrastructure at its plant in Chhattisgarh. All the equipment for this project is being manufactured domestically in line with the government s Make-in-India drive and is aimed at ensuring the plant s complex smelting operations run smoothly, helping BALCO meet its production enhancement plan, the company said in a statement. Hitachi ABB Power Grids in India (listed on the stock exchanges as ABB Power Products and Systems India Limited) has been awarded a project worth over Rs 124 crore by BALCO to ensure improved reliability of the power distribution system at its Korba plant in Chhattisgarh, a company statement said.

ABB Power Products and Systems bags Rs 124 cr order from BALCO

ABB Power Products and Systems India has been awarded a project worth over Rs 124 crore by one of India s top aluminum producers, Bharat Aluminum Company (BALCO), to ensure improved reliability of the power distribution system at its Korba plant in Chhattisgarh. The technology pioneer is delivering fully engineered 400-kilovolt gas-insulated switchgear (GIS) substations that will replace an existing apparatus to better assimilate power from BALCO s captive generation plants, delivering it with efficiency to the Korba aluminum smelter. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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