Read more about Utilties shares fall on Business Standard. Utilties stocks were trading in the negative zone, with the S&P BSE Utilities index falling 5.38 points or 0.26% at 2064.58 at 13:49 IST.
Read more about Utilties stocks rise on Business Standard. Utilties stocks were trading with gains, with the S&P BSE Utilities index increasing 41.84 points or 2.04% at 2090.94 at 09:48 IST.
MMRDA yet to hire agency to carry out Metro Oneâs performance review
ANI File Photo
The Mumbai Metropolitan Region Development Authority(MMRDA) is still unable to find an agency for Mumbai Metro One Pvt Ltd. that runs between Ghatkopar and Versova. This agency will provide financial quotes and market value of metro line one and carry out performance reviews before the acquisition. Recently, the authority extended the extension of tender issued by another 15 days for hiring a consultant who will provide these services. The earlier issued tenders also received a similar dull response.
The Mumbai Metro one which started commercial operations in 2014 is looking to sell its equity and according to sources, it has already submitted a proposal to the state urban development department. Following this, the MMRDA has given its due consideration to its proposal.
: Tuesday, January 26, 2021, 12:10 AM IST
Reliance Infrastructure assures High Court of not creating third party rights in over Rs 900 crore assets
Delhi High Court
Reliance Infrastructure Ltd Monday assured the Delhi High Court that it would not create any third party rights over assets worth over Rs 900 crore till January 27, in relation to a plea by Shanghai electric Group which has invoked arbitration proceedings against it.
The Anil Ambani s Reliance Infra had entered into an agreement with Shanghai Electric Group (SEG) for engineering and manufacturing of power plants. The SEG invoked arbitration against Reliance Infra on account of its failure to pay for the purchased equipment.
Read more about Utilties stocks edge lower on Business Standard. Utilties stocks were trading in red, with the S&P BSE Utilities index decreasing 6.31 points or 0.33% at 1885.32 at 13:48 IST.