Kalpataru Power shares gain 3 pc on new orders

Shares of Kalpataru Power Transmission Limited (KPTL) today rose by 3 per cent after the company secured new orders worth Rs 1,235 crore. The stock gained 3.08 per cent to close at Rs 400.35 on the BSE. During the day, it surged 4.99 per cent to Rs 407.80. At the NSE, shares of the company […]

MERC clears Reliance Energy sale to Adani Group

The Maharashtra Electricity Regulatory Commission (MERC) has approved the proposed 100 per cent stake sale of Reliance Infrastructure (RInfra) Ltd’s integrated Mumbai power business to Adani Transmission Ltd. (ATL), an official said here on Thursday. Following the MERC’s clearance, the transaction, with a consideration value estimated at Rs 18,800 crore, is expected to be closed […]