Stock Market News

NHPC signs Power Purchase Agreement value Rs 846.66 crore with GUVNL – NSE: NHPC Stock to Watch

2024-07-28 by Vivek Sharma

NHPC (National Hydroelectric Power Corporation) has signed a Power Purchase Agreement (PPA) worth Rs 846.66 crore with Gujarat Urja Vikas Nigam Limited (GUVNL) for a 200 MW capacity solar power project. The project will be located within the Gujarat State Electricity Corporation Limited (GSECL)’s renewable energy park at Khavda (GSECL Stage-3). Key points: PPA Value: Read more: NHPC signs Power Purchase Agreement value Rs 846.66 crore with GUVNL – NSE: NHPC Stock to Watch..

UltraTech BoD approved more 32.72% acquisition of India Cement | Both Stock to Watch

2024-07-282024-07-28 by Vivek Sharma

UltraTech Cement Limited, Board of Directors approved the acquisition of a 32.72% equity stake in India Cements Limited from the promoters and their associates. This is in addition to their earlier purchase of a 22.77% stake in June 2024. The acquisition, valued at Rs 3954 crores for the 32.72% equity at Rs 390 per share, Read more: UltraTech BoD approved more 32.72% acquisition of India Cement | Both Stock to Watch..

Power Grid Corp Q1 reports 3.5% increase in profit as expenses fall – Stock to Watch

2024-07-272024-07-27 by Vivek Sharma

Power Grid Corporation of India, the state-run power transmission major, has reported a 3.5% increase in consolidated net profit for the first quarter of fiscal year 2025. The profit rose to ₹3,724 crore, compared to ₹3,597 crore in the same period last year. This increase was mainly driven by a fall in expenses, despite a Read more: Power Grid Corp Q1 reports 3.5% increase in profit as expenses fall – Stock to Watch..