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Top News In மாநிலங்களில் மற்றும் தொழிற்சங்கம் பிரதேசங்கள் ஆஃப் இந்தியா Today - Breaking & Trending Today

Torrent Power update on bid for power distribution company in UT of Dadra & Nagar Haveli and Daman & Diu

Torrent Power announced that with regard to the tender process where the company had emerged as the highest bidder for 51% equity stake in Power Distribution Company for the Union Territories of Dadra
& Nagar Haveli and Daman & Diu.
In this connection, the Hon ble Bombay High Court has, inter alia, suspended the tender process in a
PIL case before the Court until further orders in the matter.
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HDFC, APSEZ, IRCTC in focus

HDFC has reduced its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from March 4, 2021. The change will benefit all existing HDFC retail home loan customers.
Adani Ports and Special Economic Zones (APSEZ) is acquiring the 31.5% stake held by Windy Lakeside Investment (an affiliate of Warburg Pincus) in Gangavaram Port (GPL). The acquisition is valued at Rs.1,954 crore and subject to regulatory approvals.
IRCTC said the company will operate trips through Golden Chariot from 14th March, 2021 onwards.
IRCON International has been awarded the work for replacement of mechanical signaling at various locations at Moradabad at the expected completion cost of Rs 187 .80 crore. The tenure for execution of the works is 24 months. This work has been awarded on competitive bidding basis among PSUs by the Northern Railways, Ministry of Railways. ....

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Kirloskar Electric Company update on partial lay-off of workmen

At unit located at Budihyal Kirloskar Electric Company announced that the company made an
application to the concerned labour department to extend the lay-off period for 60 days of all workmen at the
Company s Unit located at Budihyal (unit-15).
Accordingly, 39 workmen will continue to be in lay off from 05 March 2021 to 04 May 2021 and 24 workmen s
layoff continues upto 10 March 2021.
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Reliance Power-JERA JV achieves financial closure for 745 MW Bangladesh project

The project is to build, own, and operate a 745 MW (net output: 718 MW) natural gas combined-cycle power project in Meghnaghat, Narayanganj, located approximately 40 km southeast of Dhaka.Reliance Power and Japan s JERA Co. Inc., through their joint venture project company, are developing a new gas-fired power generation project in Bangladesh. The project company has achieved financial closure for the project with a group of lenders that includes Japan Bank for International Cooperation & Asian Development Bank and all requisite conditions for availing drawdown under the loan agreements have been satisfied.
The project is to build, own, and operate a 745 MW (net output: 718 MW) natural gas combined-cycle power project in Meghnaghat, Narayanganj, located approximately 40 km southeast of Dhaka (the Project / Phase 1). ....

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Metal stocks edge higher

Read more about Metal stocks edge higher on Business Standard. Metal stocks were trading in green, with the S&P BSE Metal index increasing 464.31 points or 3.29% at 14557.8 at 09:48 IST. ....

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