Key equity indices traded in a narrow range near the day s low in afternoon trade. The Nifty was trading below the 14,800 mark. Rising domestic inflation and increase in COVID-19 cases sapped investors appetite for risk assets.
At 13:20 IST, the barometer index, the S&P BSE Sensex, tanked 859.26 points or 1.69% at 49,932.82. The Nifty 50 index lost 256.65 points or 1.71% at 14,774.30.
Reliance Industries (down 2.25%), ICICI Bank (down 3.39%) and HDFC Bank (down 2.02%) were major drags.
The broader market tumbled. The S&P BSE Mid-Cap index declined 1.80%. The S&P BSE Small-Cap index dropped 1.12%.
Sellers outnumbered buyers. On the BSE, 898 shares rose and 2,049 shares fell. A total of 184 shares were unchanged.
Transformers and Rectifiers bags Rs 108 cr order from PGCIL
Transformers and Rectifiers bags Rs 108 cr order from PGCIL
NEW DELHI, Mar 15: Transformers and Rectifiers (India) on Monday said it has bagged an order worth Rs 108 crore from Power Grid Corporation of India.
In a regulatory filing the company said the Rs 108 crore order is for supplying transformers to Power Grid Corporation of India Ltd (PGCIL).
With this order, the company said, its order book as on date stands at around Rs 1,123 crore.
Shares of Transformers and Rectifiers (India) Ltd were trading 10 per cent higher at Rs 18.70 apiece on BSE. (PTI)
Adani Transmission wins MP power work for Rs 1,300 cr, in race for another 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.
For schemes - Raigarh-Pugalur and Pugalur-Trichur Power Grid Corporation of India announced that assets under HVDC Bipole link between
Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) -
North Trichur, (Kerala) have been put under Commercial Operation with effect from 00:00
hours of 9 March, 2021:
Scheme # 1: Raigarh-Pugalur 6000MW HVDC System 800KV 1500 MW (Pole-II) HVDC terminal each at Raigarh (HVDC Station) &
Pugalur (HVDC Station).
Scheme # 3: Pugalur - Trichur 2000MW VSC based HVDC system 320kV VSC based 2000 MW Pugalur(HVDC) - North Trichur HVDC(Kerala)
HVDC link (Part of this link, in Kerala portion, is implemented as underground
cable) along with 320kV 1000 MW (Mono Pole-II) HVDC terminal each at Pugalur