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Sensex, Nifty snap 3-day rising streak; pharma shares rally


The domestic equity benchmarks ended with small losses after a volatile day on Friday. Pharma, IT, FMCG and PSU banks shares advanced. The barometer index, the S&P BSE Sensex, declined 154.89 points or 0.31% to 49,591.32. The Nifty 50 index lost 38.95 points or 0.26% to 14,834.85.
Bajaj Finance (down 3.12%), ICICI Bank (down 1.79%), Reliance Industries (down 1.11%) and HDFC Bank (down 0.83%) were major drags.
In the broader market, the S&P BSE Mid-Cap index slipped 0.08% while the S&P BSE Small-Cap index added 0.69%.
Buyers outnumbered sellers. On the BSE, 1,656 shares rose and 1,249 shares fell. A total of 173 shares were unchanged.
Investors locked profits after a three-day streak. The Sensex rose 1.19% and the Nifty climbed 1.61% in the past three sessions. Rising Covid-19 cases in India also worried investors. ....

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L&T arm bags order to build solar power project in Riyadh


L&T arm bags order to build solar power project in Riyadh
The company did not disclose the value of the contract, but said the orders fall under the major category, which ranges between Rs 5,000 crore and Rs 7,000 crore, according to the classification of contracts
PTI | April 9, 2021 | Updated 17:45 IST
Larsen & Toubro is an Indian multinational engaged in EPC projects
The Renewables arm of Larsen & Toubro s Power Transmission & Distribution Business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia. The company did not disclose the value of the contract, but said the orders fall under the major category, which ranges between Rs 5,000 crore and Rs 7,000 crore, according to the classification of contracts. ....

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L&T arm gets contract for Saudi solar plant


L&T arm gets contract for Saudi solar plant
​ By
IANS
|
​ 5 Views
 
Prayagraj: Reportedly, a mentally challenged man climbed a high voltage power transmission tower near Bairhana in Prayagraj, on July 9, 2019. It took two hours to bring him down after the teams of fire department, police and power department reached . Image Source: IANS News
Mumbai, April 9 : The renewables arm of Larsen & Toubro s Power Transmission & Distribution Business has secured a turnkey EPC Contract worth Rs 5,000-7,000 crore, to set up the Sudair Solar PV Project of 1.5 GW capacity in Saudi Arabia.
In a statement, L&T said it has received the contract from the consortium of ACWA Power and the Water and Electricity Holding Company, a subsidiary of the Public Investments Fund (PIF) of Saudi Arabia. ....

Saudi Arabia , Ar Riya , Larsen Toubro , Public Investments Fund , Electricity Holding Company , Renewable Energy Project Development Office , National Renewable Energy Programme , Power Transmission , Distribution Business , Sudair Solar , Managing Director , சவுதி அரேபியா , ஆர் ரியா , லார்சன் டப்ரோ , பொது முதலீடுகள் நிதி , மின்சாரம் வைத்திருத்தல் நிறுவனம் , புதுப்பிக்கத்தக்க ஆற்றல் ப்ராஜெக்ட் வளர்ச்சி அலுவலகம் , தேசிய புதுப்பிக்கத்தக்க ஆற்றல் ப்ரோக்ராம் , பவர் பரவும் முறை , விநியோகம் வணிக , நிர்வகித்தல் இயக்குனர் ,

Saudi Arabia: L&T's arm bags order to set up solar power project in Saudi Arabia


Synopsis
The Renewables arm of Larsen & Toubro s Power Transmission & Distribution Business has secured a turnkey EPC contract, from the consortium of ACWA Power and the Water and Electricity Holding Company for Sudair Solar PV Project of 1.5GW capacity, a company statement said.
Reuters
The Renewables arm of Larsen & Toubro s Power Transmission & Distribution Business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia. The company did not disclose the value of the contract, but said the orders fall under the major category, which ranges between Rs 5,000 crore and Rs 7,000 crore, according to the classification of contracts. ....

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