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5 April 2021 (Last Updated April 5th, 2021 09:21)
Adani Enterprises (AEL) has bagged a new coal mining agreement (CMA) from Maharashtra State Power Generation Company (MAHAGENCO) for the Gare Palma Sector II coal mine in India.
The Gare Palma Sector II coal mine was allocated to MAHAGENCO in 2015. Credit: Анатолий Стафичук from Pixabay.
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Adani Enterprises (AEL) has bagged a new coal mining agreement (CMA) from Maharashtra State Power Generation Company (MAHAGENCO) for the Gare Palma Sector II coal mine in India.
As per the agreement, AEL and its wholly-owned subsidiary company Gare Palma II Collieries (GPIICPL) will develop and operate the Gare Palma Sector II coal mine.
Lacklustre opening likely for markets ahead of RBI meet, results
April 05, 2021
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Stocks to watch out for today are Adani Enterprises, ITNL, PNC Infratech, Olectra Greentech, Ashiana Housing and ANG Lifesciences.
After a long weekend, Indian markets are expected to open on a flat note on Monday. While signals are mixed from Asian markets, SGX Nifty points a 40-point gap down opening. The SGX Nifty futures currently rule at 14,915 (8 am IST), as against Nifty futures Thursday s close of 14,953.35.
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Investors will closely monitor the outcome of the RBI meet and quarterly performance of India Inc, said analysts. The RBI s three-day meeting begins today, and the outcome is expected to be on April 7. Acuite Ratings believes that MPC, in its upcoming meeting, will continue to reaffirm the accommodative monetary policy despite the global increase in bond yields amidst concerns of a quicker than expected normalisation in the markets of developed economies.
Adani Road Transport, a wholly-owned subsidiary of Adani Enterprises, secured a road project worth Rs 2,020.93 crore.The order entails six laning of National Corridor NH-19 from Panagarh to Palsit in West Bengal under Bharatmala Pariyojana to be executed on BOT-(Toll) basis. The concession period is 20 years including contruction period of 2.5 years.
With this project award, Adani Group will have total nine NHAI road projects under HAM, toll-operate-transfer (TOT) and build-operate-transfer (BOT)-Toll basis in Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat and West Bengal.
Meanwhile, Adani Enterprises along with its wholly owned subsidiary company, Gare Palma II Collieries (GPIICPL) has signed coal mining agreement (CMA) with Maharashtra State Power Generation Company (MAHAGENCO) for development and operation of Gare Palma Sector II Coal Mine.
Nifty, Sensex may recover from today s setback – Monday closing report
Moneylife Digital Team
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We had mentioned in previous week’s closing report that Nifty, Sensex may continue to rally. On Monday, the indices opened lower and suffer a major correction. On the NSE, there were 624 advances, 1,371 declines and 82 unchanged.
The trends of the major indices in the course of Monday’s trading are given in the table below:
YES Bank loans and advances grew by a marginal 0.8 percent on a year-on-year basis to Rs 1,72,850 crore at the end of March 2021. Deposits grew 54.7% at Rs 1.62 lakh crore at end of March 2021 as against Rs 1.05 lakh crore by end of March 2020.