Market Commentary     01-Mar-23
Stock Alert
PowerGrid, Tata Power, Bharat Electronics in focus

Power Grid Corporation of India (PowerGrid): PowerGrid has been declared as the successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for “Establishment of Khavda Pooling Station-3 (KPS3) in Khavda RE Park” on build, own operate and transfer (BOOT) basis.

Tata Power Company: The Board of Directors of Tata Power Renewable Energy Limited (TPREL), a subsidiary of the Company, has approved the allotment of 20,00,00,000 Compulsorily Convertible Preference Shares at face value of Rs 100 each at par aggregating to Rs 2,000 crore on a preferential basis to GreenForest New Energies Bidco Limited (GreenForest), a Company incorporated under the laws of England and Wales.

Bharat Electronics (BEL): BEL signed a Frame Supply Agreement with Thales Reliance Defence Systems (TRDS), Nagpur, for the manufacture and supply of TR Modules, Radar LRUs (Line Replaceable Units) and Micro Modules.

Zydus Lifesciences: Zydus Lifesciences Limited has received final approval from the United States Food and Drug Administration (USFDA) for Apixaban Tablets, 2.5 mg and 5 mg. Apixaban blocks the activity of certain clotting substances in the blood.

Aditya Birla Capital (ABCL): The company announced its collaboration with National Payments Corporation of India (NPCI) to develop and promote digital payment methods through subsidiaries to its customers.

SEAMEC: The company has entered into Charter Party with HAL Offshore for charter hire of the SEAMEC PALADIN Vessel for ONGC contract for a period of five years at a charter rate of $35,000 per day, for marine activities. The total contract value for 5 years will be approximately $64 million, exclusive of GST.

Previous News
  Power Grid Corporation of India Ltd down for fifth straight session
 ( Hot Pursuit - 04-Oct-24   13:35 )
  Transformers & Rectifiers India wins order of Rs 565 cr
 ( Corporate News - 03-Oct-24   09:07 )
  Aditya Birla Capital invests Rs 499.99 cr in Aditya Birla Finance
 ( Corporate News - 26-Sep-24   18:34 )
  Indices trade lower; European mkt opens lower
 ( Market Commentary - Mid-Session 25-Sep-24   13:33 )
  Power Grid Corporation of India Ltd up for five straight sessions
 ( Hot Pursuit - 25-Sep-24   13:00 )
  Nifty trade above 25,950 mark; European mkt opens higher
 ( Market Commentary - Mid-Session 24-Sep-24   13:35 )
  Power Grid gains on bagging inter-state transmission project in Gujarat
 ( Hot Pursuit - 24-Sep-24   10:24 )
  Aditya Birla Capital allots 45,537 equity shares under ESOP
 ( Corporate News - 23-Sep-24   18:38 )
  Indices end at new peak; Nifty tops 25,750; Sensex breaches 84k
 ( Market Commentary - Quick Review 20-Sep-24   15:48 )
  Sensex spurts 542 pts; Nifty Bank hits record high; metal shares shine
 ( Market Commentary - Mid-Session 20-Sep-24   10:34 )
  Power Grid Corp declared as successful bidder for establishing transmission system in Gujarat
 ( Hot Pursuit - 20-Sep-24   09:20 )
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