GE Power India said it has bagged a Rs 230 crore order for upgrading three 660MW super critical steam generators at Barh Stage-I project of NTPC.
GE Power said it has been awarded a contract worth Rs 309 crore by NTPC to install its FGD system at Phase-I (2X800 MW) of its STP project in Telangana.
A huge sell-off across all sectors dragged the equity markets further into the negative territory during afternoon session, with the BSE Sensex shedding over 500 points.
Sensex was trading 136.94 points, or 0.40%, down at 33,548.60. The gauge lost 232.40 points in the previous 3 straight sessions.
Rationalisation of sources of coal for power plants under PSUs has resulted in annual savings of Rs 3,354 crore, Parliament was informed.
The broader NSE Nifty ended on a flat note after a volatile trade amid sluggish global cues ahead of US inflation data due today.
State-run power giant NTPC said it will raise USD 400 million through 10-year dollar-denominated bonds that carry 4.5 percent interest.
Airtel rose the most by 4.68% among Sensex scrips after its board approved raising up to Rs 16,500 cr for refinancing debt and paying for spectrum liabilities.
The BSE Sensex index surged over 500 points during the afternoon trade session, while the Nifty50 of the National Stock Exchange (NSE) traded over 150 points higher.
NTPC announced commissioning of its 8 megawatt (MW) small hydro capacity at Singrauli in Madhya Pradesh.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months