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Why Torrent Power shares hit record high today- Business News

Why Torrent Power shares hit record high today Torrent  Power  has emerged  as  the  highest  bidder  for  51 per cent privatisation of power distribution company in the UT of Dadra & Nagar Haveli and Daman & Diu BusinessToday.In | February 22, 2021 | Updated 17:52 IST Shares of Torrent Power ended at Rs 379.05, up 3.91 per cent on BSE Torrent Power shares surged over 5 per cent in an otherwise weak market to hit record high on Monday after homegrown company said it has emerged as the highest bidder for 51 per cent privatisation of power distribution companies in Dadra & Nagar Haveli, and Daman & Diu. Boosted by the development, shares of Torrent Power gained as much as 5.66 per cent in intraday trade to touch 52-week high of Rs 385.45 apiece on the Bombay Stock Exchange.

Torrent Power Share Price News: Torrent Power Hits Record High On Emerging As Highest Bidder For Power Distribution Company

Torrent Power Share Price News: Torrent Power Hits Record High On Emerging As Highest Bidder For Power Distribution Company
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Amara Raja starts work on lithium-ion cells, sets up tech hub at Tirupati

Amara Raja Batteries, the country s second-largest automotive battery maker, has opened the country s maiden technology hub to develop lithium-ion cells, at its Tirupati facility in Andhra Pradesh. The advanced lithium-ion technology research hub, the pilot project located at its headquarters in Tirupati, will become the country s first lithium-ion cell manufacturing facility in the private sector over the next few years, Amara Raja Batteries CEO S Vijayanand told PTI. The company has a technology transfer agreement with the Indian Space Research Organisation (ISRO) since early 2019. Vijayanand said Amara Raj has already invested Rs 20 crore into the hub, excluding technology transfer and bidding fees paid to the ISRO in January 2019 when the company along with nine others won competitive bids from the national space agency.

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