The acquisition will help the company to source solar power as a captive consumer for a capacity upto 128 MW located in the State of Tamil Nadu.
Posts in category Business Standard
Rama Steel Tubes enters into strategic collaboration with Onix Renewables (04-09-2024)
Rama Steel Tubes (RSTL) announced a strategic collaboration with Onix Renewable. This partnership will focus on leveraging the expertise of RAMA Steel Tubes to provide steel structures along with single-axis trackers, and will also focus on dual-axis trackers to be expanded in the future essential for solar projects undertaken by Onix Renewable.
Nifty below 25,150 mark; PSU bank stocks decline (04-09-2024)
At 10:30 ST, the barometer index, the S&P BSE Sensex, tumbled 449.52 points or 0.55% to 82,108.01. The Nifty 50 index slipped 155.20 points or 0.61% to 25,125.65.
Ecos (India) Mobility & Hospitality gains on debut (04-09-2024)
Shares of Ecos (India) Mobility & Hospitality were trading at Rs 416 at 10:14 IST on the BSE, representing a premium of 24.55% as compared with the issue price of Rs 334.
Adani Enterprises arm incorporates WOS in China (04-09-2024)
Adani Enterprises announced that its step-down subsidiary, Adani Global Pte (AGPTE), Singapore has incorporated a wholly owned subsidiary named, Adani Energy Resources (Shanghai) Co. (AERCL), domiciled in Shanghai, China on 2 September 2024.
Asian Paints, Indigo Paints, Kansai gain up to 5% on falling oil prices (04-09-2024)
Brent crude oil fell nearly 5 per cent on Tuesday. Crude oil is a key component in the production of certain raw materials used in the manufacturing of paints
ECOS Mobility revs up in weak market, lists at 17% premium on BSE, NSE (04-09-2024)
Ahead of their debut on the bourses, the shares of Ecos (India) Mobility & Hospitality were quoted at a strong grey market premium of Rs 126 or 37.37 per cent, indicating a favourable market debut
Healthcare shares gain (04-09-2024)
Healthcare stocks were trading in the positive zone, with the BSE Healthcare index rising 88.17 points or 0.2% at 43123.77 at 09:41 IST.
GIC Re slips 5% after Govt plans to dilute 6.78% stake to raise Rs 4,700 cr (04-09-2024)
The decline in GIC Re’s share price follows the central government’s announcement of its plan to reduce its stake in the company by 6.78 percent to raise about Rs 4,700 crore.
PDS remains positive on medium-term business prospects in Bangladesh (04-09-2024)
The company further added that it remains positive in the medium-term business prospects in Bangladesh.