Domestic renewable energy firm Goldi Solar on Monday said it will add 2,000-megawatt (MW) module manufacturing capacity in its new facility on the outskirts of Surat by the end of FY22, raising the company’s production base to 2,500 MW. The Surat-headquartered company said the expansion plan “comes amid growing global demand for better technology and […]
Day: June 15, 2021
CIL net profit falls 23% in FY21, board recommends final dividend of Rs 3.50/share
PSU miner Coal India Ltd’s (CIL’s) net profit fell 23% to Rs 12,702 crore on a total income of Rs 93,818 crore for FY 21, while net profit for the fourth quarter of the fiscal under review fell a tad to Rs 4,588 crore. CIL booked a net profit of Rs 16700 crore on a […]
Covid disruptions: Coal India net profit declines 32% in FY21
State-run Coal India’s net profit fell above 32% at Rs 7,640 crore on a total income of Rs 93,818 crore in FY21. The PSU coal miner had booked a net profit of Rs 11,280 crore on a total income of Rs 1,02,525 crore in FY20. The company posted a net profit of Rs 2,474.55 crore […]
NBCC says its bid to acquire Jaypee Infratech compliant, backed by govt
State-owned NBCC, which is in the race to acquire Jaypee Infratech Ltd NSE 4.35 % (JIL), on Sunday assured stuck homebuyers that its bid is concrete, fully backed by the government and the PSU will complete over 20,000 pending flats on time as per the schedule. A day before the start of the voting process, […]
GMR group arm, EGS to offer aviation, security courses in India, ME
GMR group’s aviation training arm GMRAA and UAE-based Emirates Group Security (EGS) have joined hands to jointly offer various aviation and security courses in India, Asia and the Gulf region, a release said on Monday. The tie-up also outlines both GMR Aviation Academy (GMRAA) and EGS’ commitments to providing training, education and development in the […]
Numaligarh Refinery dedicates 120-bed COVID-19 hospital and20 ICUs at Jorhat Hospital
Assam based Numaligarh Refinery limited (NRL) has dedicated a full-fledged 120 bedded Covid Care hospital with a 20 bedded ICU facility at Jorhat Medical College & Hospital as a part of its support to the Government of Assam in combating the COVID-19 pandemic. The facility is expected to contribute in providing Covid-19 medical care to […]
Petrol price crosses Rs 100-mark in Ladakh
NEW DELHI: The price of petrol crossed the Rs 100-mark in Ladakh and stood at Rs 101.95 per litre on Monday. The price of diesel in Bhopal was Rs 93.90 per litre. Other states have also witnessed an increase in the prices of petrol and diesel. With the latest hike, petrol is now being sold […]
Oil rises as threat of immediate Iran supply recedes
TOKYO: Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran. Brent crude was up by 43 cents, or 0.6%, at $73.29 a barrel […]
Oil prices rise to over 2-yr high as demand improves, supplies tighten
NEW YORK: Oil prices rose on Monday, hitting their highest levels in more than two years, supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate. Brent rose 34 cents to $73.03 a barrel by 12:56 p.m. EDT (1656 GMT). Earlier in the session, it reached $73.64 […]
Reliance Power to raise Rs 1,325 crore from Reliance Infra to trim debt
MUMBAI: Reliance Power, which is part of Anil Ambani Group, plans to raise Rs 1,325 crore from its promoters to reduce debt. It will issue equity shares and convertible warrants to Reliance Infrastructure, which will see its stake in Reliance Power rise to 38% from the current 9%. The boards of Reliance Power and Reliance […]
Share price of Power Finance Corp. rises as Nifty weakens
Shares of Power Finance Corporation Ltd. gained 0.19 per cent to Rs 129.55 in Monday’s trade as of 01:08PM (IST). The stock hit a high price of Rs 131.05 and low of Rs 128.2 during the session. The return on equity (ROE) for the stock stood at 14.41 per cent. Traded volume on the counter […]
Tata Power shares drop 2.03% as Sensex rises
Shares of Tata Power NSE -0.16 % Company Ltd. traded 2.03 per cent down at Rs 123.1 at 02:05PM (IST) on Monday, even as BSE benchmark Sensex gained 17.67 points to 52492.43. The scrip had settled at Rs 125.65 in the previous session. The stock quoted a 52-week high price of Rs 132.5 and 52-week […]