KEC International has signed project/ novation agreements with Warora-Kurnool Transmission Limited (WKTL) for Rs. 477 crore to complete the balance work of the Transmission lines.
WKTL is a subsidiary of Adani Transmission Limited (ATL). KEC International has signed project/ novation agreements with Warora-Kurnool Transmission Limited (WKTL) for Rs. 477 crores to complete the balance work of the Transmission lines in the states of Andhra Pradesh, Maharashtra and Telangana and release of the earlier dues of this project.
The execution of these transmission lines is expected to commence shortly. ATL had signed agreements with Essel Infraprojects (EIL) on March 26, 2021 for acquisition of WKTL.
Adani Solar Energy Chitrakoot One (ASECOL), a subsidiary of Adani Green Energy, commissioned 50 MW solar power plant in Chitrakoot, Uttar Pradesh. The plant has a 25 Years Power Purchase Agreement (PPA) with the Uttar Pradesh Power Corporation (UPPCL)
at Rs. 3.07/kwh.
This commissioning takes AGEL s total operational renewable capacity to 3,520 MW, a step closer to its vision of 25 GW capacity by 2025.
With the successful commissioning of this plant, AGEL has an operational solar generation capacity of over 3 GW.
AGEL has total renewable capacity of 15,240 MW including 11,720 MW that have been awarded and are at different stages of implementation. With this 50 MW, AGEL marks the beginning of this year s commissioning plan with full commitment from its team, amidst continuing challenges of the COVID19 outbreak.
Cadila Healthcare Ltd is quoting at Rs 518.35, up 0.76% on the day as on 12:49 IST on the NSE. The stock is up 46.53% in last one year as compared to a 59.48% jump in NIFTY and a 44.89% jump in the Nifty Pharma.
Cadila Healthcare Ltd gained for a fifth straight session today. The stock is quoting at Rs 518.35, up 0.76% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 3.31% on the day, quoting at 14343.4. The Sensex is at 47932.9, down 3.34%. Cadila Healthcare Ltd has gained around 17.82% in last one month.
Meanwhile, Nifty Pharma index of which Cadila Healthcare Ltd is a constituent, has gained around 8.98% in last one month and is currently quoting at 12995.35, up 0.84% on the day. The volume in the stock stood at 186.65 lakh shares today, compared to the daily average of 33 lakh shares in last one month.
Adani Enterprises jumped 7.58% to Rs 1224.45, extending its winning run to third consecutive trading session.Shares of Adani Enterprises rallied nearly 19% in three trading sessions from its previous closing low of Rs 1030.85 on 31 March 2021. The counter hit a record high of Rs 1,240.45 in intraday today. The stock has zoomed 861% from its 52-week low of Rs 127.40 recorded on 6 May 2020.
In last one month, the stock has rallied almost 35% as compared to a 2.35% fall in BSE Sensex.
On the technical front, the stock s RSI (relative strength index) stood at 82.995. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
Suzuki Motor Gujarat (SMG), a 100% subsidiary of Suzuki Motor Corporation for the production of automobiles in India, has completed construction of the Plant C in Gujarat and started production from April 2021.
Suzuki established SMG in March 2014, aiming to secure production ability in preparation for the automobile market growth in India, as well as for expansion of exports from India. Its Plant A started operating in February 2017, and the Plant B and Powertrain Plant in January 2019. In October 2020, SMG became the fastest production site of Suzuki to achieve accumulated automobile production of 1 million units.
With production starting at the Plant C, which has an annual production ability of 2,50,000 units, together with Plant A and Plant B, the total ability of SMG will be 750,000 units. Together with Maruti Suzuki India s production ability of 1.5 million units, Suzuki s production ability of automobiles in India will be 2.25 million units. All automobiles that will be pro