Godawari Power and Ispat Ltd (GPIL) on Tuesday posted a multifold jump in consolidated net profit at Rs 304.01 crore for March quarter 2020-21, mainly on the back of higher revenues. The company’s net profit in the year-ago period was Rs 34.22 crore, a BSE filing said.Total income rose to Rs 1,263.67 crore in the […]
AGEL Arm Transfers 74 Pc Stake of MSEL to Adani Tradecom LLP
Adani Green Energy Ltd on Saturday said its arm Adani Renewable Energy Holding Four Ltd has transferred 74 per cent shareholding of Mundra Solar Energy Ltd to Adani Tradecom LLP (ATLLP). New Delhi : Adani Green Energy Ltd on Saturday said its arm Adani Renewable Energy Holding Four Ltd has transferred 74 per cent shareholding of […]
Minda Industries Board Approves Acquisition of 27.55% Stake in CSE Dakshina
CSE Dakshina, a special purpose vehicle, is engaged in the business of providing solar power solutions for captive consumption of commercial and industrial customers in India. Minda Industries on Saturday said its board has approved acquisition of 27.55 per cent stake in CSE Dakshina Solar Pvt Ltd for Rs 27 lakh. “The board approved the […]
PGCIL Board Approves Investments Worth Rs 2,202 Crore
The Board of Directors approved investment approval for “Transmission System Strengthening Scheme for evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II – Part-B1” at an estimated cost of Rs 1,184.88 crore. New Delhi: State-run Power Grid Corporation of India Ltd (PGCIL) said its board has approved investments totalling Rs 2,202 […]
SJVN Bags 75 MW Grid-Connected Solar Project in Uttar Pradesh
On Friday, SJVN Ltd informed the exchanges that it has received a letter of intent (LOI) for a 75 MW grid-connected solar power project in the state of Uttar Pradesh through tariff-based competitive bidding by Uttar Pradesh New and Renewable Development Agency (UPNEDA). SJVN will develop the solar power project at the location identified by […]
Results: Torrent Power Posts Rs 398 Cr Profit in March Quarter
Torrent Power on Thursday posted a consolidated net profit of Rs 398.10 crore in the January-March quarter driven by higher revenues. The company had posted a consolidated net loss of Rs 273.94 crore in the quarter ended on March 31, 2020, a BSE filing said.Total income of the company rose to Rs 3,116.54 crore in […]
Adani Green Energy Share Surges as Firm Checks to Buy SoftBank’s Majority Stake in SB Energy
Adani Green Energy Limited (AGEL) share hit the upper circuit of five per cent on May 17, 2021. The hit was recorded amidst the reports saying that the firm was checking a proposal to purchase Japan’s SoftBank Group’s majority stake in solar power producer SB Energy. On BSE, the stock opened at a gain of […]
Powergrid Corporation Raises Rs 2,736 Crore Through InvIT OFS
PGCIL, under the process of monetisation of assets through the InvIT, has transferred 74 per cent of its shareholding to the PGInvIT, it said in a BSE filing. NEW DELHI: State-run Power Grid Corporation of India Ltd (PGCIL) on Friday said it has received Rs 2,736.02 crore through sale of 27.41 crore units in the […]
L&T Q4 Result: Profit Rises 3% to Rs 3,293 Crore, Order Inflow Drops 12% to Rs 50,651 Crore
The consolidated order book of the L&T group stood at Rs 3,27,354 crore as of March 2021, a robust growth of 8 percent over March 2020. Engineering and infrastructure major Larsen & Toubro on May 14 reported consolidated profit at Rs 3,292.81 crore for the quarter ended March 2021, registering a 3 percent growth compared […]
Borosil Renewables Q4 results: Net Profit Jumps to Rs 67 Crore
NEW DELHI: Borosil NSE -2.42 % Renewables on Wednesday posted multifold jump in net profit to Rs 66.87 crore for March quarter 2020-21 mainly on the back of higher revenues. The company had reported a net profit of Rs 4.05 crore for the year-ago period, a BSE filing said. Total income rose to Rs 196.90 […]