Read more about Tata Steel Ltd Spurts 2.11%, S&P BSE Metal index Gains 1.34% on Business Standard. Tata Steel Ltd has added 7.14% over last one month compared to 12.07% gain in S&P BSE Metal index and 0.85% rise in the SENSEX
HIL rose 1.12% to Rs 3,075 after the company said it has commercialized production of Birla Aerocon Flat Board at its plant at Faridabad in Haryana from Wednesday, 10 March 2021.The company said that there is no additional capacity installed. The product is manufactured on the existing lines of production. The firm said that this augments its established presence in the building solutions segment. An expanded product range together with well-targeted distribution set-up and a solutions centric approach positions the company attractively as the customers step up their engagement with the business.
On the technical front, the stock s RSI (relative strength index) stood at 60.685. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
Read more about Metal shares gain on Business Standard. Metal stocks were trading in the positive zone, with the S&P BSE Metal index rising 193.56 points or 1.38% at 14188.53 at 09:48 IST.
Man Infraconstruction through its JV entity, Man Chandak Realty LLP, is launching a real estate development Project having total saleable area of approx. 350,000 sq. ft. at Vile Parle West, Mumbai under the Development Management Model .
The said Project will be developed in two phases and Phase I of the Project will be launched in the name of Insignia .
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Bharat Heavy Electricals conducted the Boiler Light-up of 1x800 MW North Chennai Thermal Power Station (NCTPS) Stage III.
Significantly, the NCTPS Stage III project, is the highest rating thermal power project, and the first supercritical project to undergo Boiler Light-Up in the state of Tamil Nadu. BHEL is also executing TANGEDCO s 2x660 MW Ennore SEZ, 2x800 MW Uppur and 2x660 MW Udangudi.
Notably, all these orders were won by BHEL on International Competitive Bidding (ICB) basis.
The implementation of these new projects will foster growth in Tamil Nadu and provide easy access to electricity to the people of the state. BHEL has a significant share of 83% in TANGEDCO s coal-based generating capacity and has been a major partner in the power development programme of Tamil Nadu.