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Genco mulls de-scoping some works

Work on the 5×800 MW thermal power station is sluggish With the project works running behind schedule due to the COVID-19 impact and general slackness, the Telangana State Power Generation Corporation (TSGenco) is mulling de-scoping of some works pertaining to the 5×800 megawatt Yadadri Thermal Power Station (YTPS) from the executing agency BHEL, in an attempt to make up for some lost ground. After the commencement of works in October 2017, the first two units of the project were to be commissioned within 36 months from date zero and the next three units over the next 12 months. However, the first wave of COVID-19 pandemic hit the work for about six months last year and the ongoing second wave has derailed the progress again.

Stocks to watch: IDBI Bank, M&M, Prestige Estates, SBI Life, Quick Heal

Here are key stocks that are likely to sway the market today: IDBI Bank: The bank has been taken out of PCA framework by the RBI. The bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis. JSW Steel: The company posted a marginal decline of 1 per cent in its crude steel output at 13.06 lakh tonnes (LT) in February this year. Max Healthcare: The company has raised Rs 1,200 crore via qualified institutional process. Quick Heal Technologies: The board has approved buyback of 63.26 lakh shares for up to Rs 1,550 crore at a price of Rs 245 per share.

Crashing US yield may lift Nifty to peak on Friday - The Hindu BusinessLine

Crashing US yield may lift Nifty to peak on Friday - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

NBCC (India) signs MoU with NIT, Patna

NBCC (India) has executed a Memorandum of Understanding (MoU) on 5 March 2021 with National Institute of Technology (NIT), Patna for supervision of construction and development of institute campus, hostel and residential buildings, at NIT Patna. NBCC is the project management consultant (PMC) for this project of value Rs 468 crore. The announcement was made after market hours yesterday, 10 March 2021. Separately, NBCC (India) on Thursday, 11 March 2021, announced that it has awarded two separate work orders to Backbone Construction-Sangeeta Engineering & Contracts (JV) and Hayagrev Civil Engineering. The Backbone Construction-Sangeeta Engineering & Contracts JV has been awarded an order for construction of cooling tower (NDCT) CT-1 for Yadadri Thermal Power Station, (5x800 MW), TSGENCO in Telangana for a total contract value of Rs 45.26 crore.

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