NHPC Limited inks promoter agreemetnt for Hydroelectic Power project
Posted On: 2021-04-14 07:17:58 (Time Zone: Arizona, USA)
NHPC Limited has announced that a Promoters Agreement has been signed on 13.04.2021 between the company, Jammu & Kashmir State Power Development Corporation Limited (JKSPDCL) and Government of Union Territory of Jammu & Kashmir.
The Parties hereby decide and agree to jointly establish a Company under the name and style of Ratle Hydroelectric Power Corporation Limited upon the terms & conditions contained in Promoters Agreement, for implementation of Ratle hydroelectric project with installed capacity of 850 MW in the Chenab River Basin and any other Project which may be entrusted to the Company in the Union Territory of Jammu & Kashmir.
Vedanta Resources Limited s stake in Vedanta Ltd increases to 65.2% post open offer
Posted On: 2021-04-14 07:18:24 (Time Zone: Arizona, USA)
Vedanta Resources Limited has announced that 374,231,161 equity shares of Vedanta Limited have been validly tendered in the voluntary open offer. The acquisition of such equity shares will be completed, and consideration for such acquisition will be paid on or about 16th April 2021 in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Post this acquisition, Company s shareholding in Vedanta Limited will increase from current 55.1% to 65.2%.
Shares of Vedanta Limited was last trading in BSE at Rs.217.75 as compared to the previous close of Rs. 212.9. The total number of shares traded during the day was 326623 in over 2340 trades.
Technical View - April 13, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities
Posted On: 2021-04-13 04:13:55 (Time Zone: Arizona, USA)
After showing a violent decline on Monday, Nifty witnessed an excellent upside bounce on Tuesday and closed the day higher by 194 points. After opening on a positive note, Nifty showed minor volatile movement within range bound action till the mid part of the session. A sustainable buying has emerged in the afternoon and Nifty moved up sharply towards the end and closed near the highs.
A long bull candle was formed with minor lower shadow. Technically, this pattern indicate a counter attack of bulls from the lows and this could open up more upside bounce in the short term. The sustainable upside bounce of Tuesday has also raised hopes for bulls to show another meaningful upmove from the important lower support and also lower range of around 14300 levels (previous opening upside gap of 2nd Feb and previous swing lows). Pre