State-run Power Grid Corporation of India (PGCIL) on Tuesday said it has acquired Ramgarh New Transmission (RNTL), which it has won in a tariff-based competitive bidding.PGCIL, pursuant to its selection as the successful bidder under tariff-based competitive bidding, has on 9 March 2021 acquired RNTL, the project SPV (special purpose vehicle) to establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under phase II - Part A, on build, own, operate and maintain (BOOM) basis from the bid process coordinator - REC Power Distribution Company.
The transmission system comprises establishment of a new 400/220kV Substation, 400kV DIC Transmission lines and associated Substation extension works in Rajasthan. The transmission system is an inter state transmission system project and is to be completed in 18 months.
Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 291.76 points or 0.57% at 51,317.24. The Nifty 50 index was up 79.80 points or 0.53% at 15,178.20. Upbeat Asian stocks boosted sentiment.
The S&P BSE Mid-Cap index was up 0.76%. The S&P BSE Small-Cap index was up 0.55%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1375 shares rose and 609 shares fell. A total of 80 shares were unchanged.
Stocks in news:
Power Grid Corporation of India rose 0.53%. Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 9 March 2021 acquired Ramgarh New Transmission (RNTL), the Project SPV to establish Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under phase II - Part A, on build, own, operate and maintain (BOOM) basis
Adani Transmission Ltd, Godawari Power & Ispat Ltd, Morepen Laboratories Ltd and Indo Count Industries Ltd are among the other losers in the BSE s A group today, 09 March 2021.
Adani Transmission Ltd, Godawari Power & Ispat Ltd, Morepen Laboratories Ltd and Indo Count Industries Ltd are among the other losers in the BSE s A group today, 09 March 2021.
MMTC Ltd lost 8.08% to Rs 41.55 at 14:48 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 5.39 lakh shares were traded on the counter so far as against the average daily volumes of 15.07 lakh shares in the past one month.
Adani Transmission Ltd tumbled 6.55% to Rs 741. The stock was the second biggest loser in A group.On the BSE, 39569 shares were traded on the counter so far as against the average daily volumes of 1.16 lakh shares in the past one month.
Muthoot Finance fell 3.76% to Rs 1241.25 after the company s chairman and whole-time director, M G George Muthoot, passed away on Friday, 5 March 2021.
The media reported that M G George died on Friday night after he allegedly fell from the fourth floor of his house in southeast Delhi s East of Kailash. George was 72-years-old. He was rushed to Fortis Escort Hospital where he was declared dead during treatment. His postmortem report which was conducted by AIIMS suggests no foul play, reports added.
Under the stewardship of M G George Muthoot, the company saw new heights of growth and became the market leader in gold loan industry. He was responsible for scaling up the Muthoot Group s presence beyond South India by expanding its branch presence across North, East and West India and thereby transforming the company into a pan India organization.
Storage solutions major Western Digital on Monday launched its two new SanDisk portable SSDs that aim to offer nearly 2x the speed over previous generations. According to the company, the SanDisk Extreme and SanDisk Extreme PRO portable SSDs are purpose-built to keep up with today s high-quality content demands. The SanDisk Extreme Portable SSD is available now in 500GB for Rs 7,999, 1TB at Rs 12,999 and 2TB for Rs 27,499, with the 4TB model shipping later in April 2021. Meanwhile, the SanDisk Extreme PRO portable SSD is available now in 1TB Rs 19,999 and 2TB for Rs 34,999 with 4TB model shipping in April 2021. With the new range of SSDs in the segment, we have bumped up the speeds with the latest NVMe technology and used robust materials in our designs to make the devices look trendy while being rugged enough to help back up heavy files safely, Khalid Wani, Director Sales, India, Western Digital, said in a statement.