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McLeod Russel has been pruning down gardens to help lower its debt and enhance investments in some of its existing gardens as well as channelizing it towards the packet tea business
Read more about NCLT admits application for initiating CIRP against McLeod Russel on Business Standard. Once the world's largest tea producer, McLeod Russel, part of the Brij Mohan Khaitan group company, is now India's largest with about 31 estates
ICICI Securities has buy call on Techno Electric & Engineering Company with a target price of Rs 407. The current market price of Techno Electric & Engineering Company Ltd. is Rs 325.85. Time period given by analyst is one year when Techno Electric & Engineering Company Ltd. price can reach defined target. Techno Electric & Engineering Company Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 3618.45 Crore) operating in Engineering sector. Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 223.14 Crore, down -...
The renewable energy certificates market shrank to 9.2 lakh RECs in 2020-21 while 60.58 lakh RECs piled up till March-end due to a halt in trading, which also impacted the ability of distribution companies to meet their renewable purchase obligation (RPO). According to industry data, an inventory of 60.58 lakh RECs piled up till March 31, 2021, which includes 7.71 lakh solar and 52.88 lakh non-solar green certificates. The data also showed that trading of just 9.2 lakh RECs was done in 2020-21 as the trading was suspended since July last year. REC trading was recorded at 89.27 lakh in 2019...
Green certificates trading shrinks to 9.2 lakh in 2020-21, 60.58 lakh inventory piles up SECTIONS Last Updated: Apr 25, 2021, 11:55 AM IST Share Synopsis The REC or green certificate trades were suspended in July 2020 after the Appellate Tribunal for Electricity (APTEL) decided to postpone the trading by four weeks while hearing three separate petitions related to an issue of fixing floor and forbearance prices of RECs by the Central Electricity Regulatory Commission (CERC). Agencies REC trading is conducted on the last Wednesday of every month on the Indian Energy Exchange (IEX) and the Powe...