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IL&FS completes stake sale in China Road asset to Pingan, addresses Rs. 2,600 crore debt

IL&FS completes stake sale in China Road asset to Pingan, addresses Rs. 2,600 crore debt
Posted On:
2021-04-01 05:09:26
(Time Zone: Arizona, USA)
In a major step towards resolving overall debt, IL&FS today announced completion of its 49% stake sale in its Chinese Road Asset - Chongqing Yuhe Expressway Co Ltd (CYEC)
The stake is sold to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd (PingAn), a fund jointly owned by PingAn Insurance and China Merchants.
This is the largest transaction for IL&FS since the sale of its Wind Energy assets to Orix.
IL&FS has duly received Rs 1,035 crore (USD 141.3 million) in Singapore as part of this stake sale transaction. The consideration will be used to pay approx. USD 88 million of Bank of Baroda Loans and the balance to meet IIPL liabilities - including Bondholders under IOPL. ....

Ping An , United States , Il Fs Transportation Networks Ltd , Il Fs Transportation Networks Limited , Equity Investment Fund Tianjin Co Ltd Pingan , Wind Energy , International Pte Ltd , Retd Supreme Court Justice Dk Jain , Expressway Group , Il Fs Group , Yuhe Expressway Co Ltd , China Road , Time Zone , Chinese Road Asset , China Merchants , Pingan Infrastructure Phase , Investment Fund , Ping An Insurance , Baroda Loans , Pte Ltd , Chongqing Expressway Group , Supreme Court Justice , Networks Limited , China Mainland , Chinese Government , Networks Ltd ,

Tata Power takes over power distribution in North Eastern Odisha from 1st April'2021 onwards

Tata Power takes over power distribution in North Eastern Odisha from 1st April 2021 onwards
Posted On:
2021-04-01 05:08:26
(Time Zone: Arizona, USA)
Tata Power, India s largest integrated power utility, today announced that it has taken over the management and operations of NESCO (North Eastern Electricity Supply Company of Odisha) upon completion of the sale process. Now, NESCO will operate under the company name as TP Northern Odisha Distribution Limited (TPNODL). As per order issued by the Odisha Electricity Regulatory Commission (OERC), Tata Power holds 51 percent of equity with management control and the State-owned GRIDCO will have 49 percent equity stake in the company. ....

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Post Market views - April 1, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Post Market views - April 1, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities ....

United States , Tata Steel , Binod Modi , Head Strategy , Time Zone , Adani Ports , Core Sector , Mutual Funds , New Issue , Public Issue , Rights Issue , Stock Markets , Post Office , National Savings Scheme , Kisan Vikas Patra , Public Provident Fund , Goi Senior Citizens Savings Scheme , 8 Bonds , Tax Plan , Investor Forum , ஒன்றுபட்டது மாநிலங்களில் , டாடா எஃகு , பினோட் மோடி , தலை மூலோபாயம் , நேரம் ஸோந் , அதானி போர்ட்ஸ் ,

NTPC completes trial operation of Unit-2 of 660MW capacity at Nabinagar Super Thermal Project

NTPC completes trial operation of Unit-2 of 660MW capacity at Nabinagar Super Thermal Project
Posted On:
2021-04-01 05:44:14
(Time Zone: Arizona, USA)
Based on achievement of approved norms, Unit-2 of 660 MW capacity of Nabinagar Super Thermal Power Project (3 x 660 MW) of Nabinagar Power Generating Co. Limited (a wholly owned subsidiary of NTPC Limited) has successfully completed trial operation and consequently included in the installed capacity of NTPC Group w.e.f. 31.03.2021.
With this, the total installed capacity of NTPC group has become 65150 MW respectively.
Shares of NTPC LTD. was last trading in BSE at Rs.107.75 as compared to the previous close of Rs. 106.45. The total number of shares traded during the day was 343692 in over 1715 trades. ....

United States , Nabinagar Power Generating Co , Nabinagar Super Thermal , Time Zone , Nabinagar Super Thermal Power Project , Nabinagar Power Generating , Mutual Funds , New Issue , Public Issue , Rights Issue , Stock Markets , Post Office , National Savings Scheme , Kisan Vikas Patra , Public Provident Fund , Goi Senior Citizens Savings Scheme , 8 Bonds , Tax Plan , Investor Forum , ஒன்றுபட்டது மாநிலங்களில் , நபினகர் பவர் ஜெநரேடிஂக் இணை , நபினகர் அருமை வெப்ப , நேரம் ஸோந் , நபினகர் அருமை வெப்ப பவர் ப்ராஜெக்ட் , நபினகர் பவர் ஜெநரேடிஂக் , பரஸ்பர நிதி ,

Wipro completes deal with METRO AG

Wipro completes deal with METRO AG
Posted On:
2021-04-01 04:50:53
(Time Zone: Arizona, USA)
Wipro had earlier signed a significant strategic digital and IT partnership deal with METRO AG and announced take over the IT units of METRO AG - METRO-NOM GMBH in Germany and METRO Systems Romania S.R.L., as part of the transaction.
Wipro has now completed the aforesaid take over of METRO-NOM GMBH and METRO Systems Romania S.R.L. for a purchase consideration of EUR 52.04 Mn based on the financials at the time of completion of the transaction.
Shares of WIPRO LTD. was last trading in BSE at Rs.416.2 as compared to the previous close of Rs. 414.2. The total number of shares traded during the day was 454283 in over 7310 trades. ....

United States , Time Zone , Mutual Funds , New Issue , Public Issue , Rights Issue , Stock Markets , Post Office , National Savings Scheme , Kisan Vikas Patra , Public Provident Fund , Goi Senior Citizens Savings Scheme , 8 Bonds , Tax Plan , Investor Forum , ஒன்றுபட்டது மாநிலங்களில் , நேரம் ஸோந் , பரஸ்பர நிதி , புதியது பிரச்சினை , பொது பிரச்சினை , உரிமைகள் பிரச்சினை , ஸ்டாக் சந்தைகள் , போஸ்ட் அலுவலகம் , இரகசியம் பேசு , தேசிய சேமிப்பு திட்டம் , கீசன் விகாஸ் பத்ரா ,