Reliance Infrastructure on Saturday said it has completed the sale of its entire 74 per cent stake in PKTCL to India Grid Trust for Rs 900 crore. The proceeds will be utilised for debt reduction, and the company s dues will come down by 6 per cent to Rs 13,100 crore from Rs 14,000 crore. Reliance Infrastructure Limited (RInfra) announces the successful completion of the sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of Rs 900 crore, the company said in a statement.
RInfra owned 74 per cent stake in Parbati Koldam Transmission Company Limited located in Himachal Pradesh and Punjab in a joint venture with Power Grid Corporation of India Limited (PGCIL).
Jindal Stainless (Hisar) receives revision in ratings for bank facilities 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.
Ingersoll-Rand (India) Ltd, Rail Vikas Nigam Ltd, Jammu and Kashmir Bank Ltd and T.V. Today Network Ltd are among the other gainers in the BSE s A group today, 08 January 2021.
Ingersoll-Rand (India) Ltd, Rail Vikas Nigam Ltd, Jammu and Kashmir Bank Ltd and T.V. Today Network Ltd are among the other gainers in the BSE s A group today, 08 January 2021.
Elgi Equipments Ltd spiked 14.60% to Rs 182.5 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 1.02 lakh shares were traded on the counter so far as against the average daily volumes of 20113 shares in the past one month.
Indian Acrylics consolidated net profit rises 962 24% in the December 2020 quarter 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.
Tata Power rose 2.63% to Rs 84 after the company announced completion of acquisition of 51% equity shares of TP Southern Odisha Distribution and TP Western Odisha Distribution.Tata Power announced that it has taken over the management and operations of WESCO and SOUTHCO upon completion of sale process. Now, WESCO and SOUTHCO will operate under the company name as TP Western Odisha Distribution (TPWODL) and TP Southern Odisha Distribution (TPSODL) respectively. As per order issued by the Odisha Electricity Regulatory Commission (OERC), Tata Power holds 51% of equity with management control and the state-owned GRIDCO will have the remaining 49% equity stake in the company.