The domestic equity benchmarks ended with small losses after a volatile day on Friday. Pharma, IT, FMCG and PSU banks shares advanced. The barometer index, the S&P BSE Sensex, declined 154.89 points or 0.31% to 49,591.32. The Nifty 50 index lost 38.95 points or 0.26% to 14,834.85.
Bajaj Finance (down 3.12%), ICICI Bank (down 1.79%), Reliance Industries (down 1.11%) and HDFC Bank (down 0.83%) were major drags.
In the broader market, the S&P BSE Mid-Cap index slipped 0.08% while the S&P BSE Small-Cap index added 0.69%.
Buyers outnumbered sellers. On the BSE, 1,656 shares rose and 1,249 shares fell. A total of 173 shares were unchanged.
Investors locked profits after a three-day streak. The Sensex rose 1.19% and the Nifty climbed 1.61% in the past three sessions. Rising Covid-19 cases in India also worried investors.
L&T arm bags order to build solar power project in Riyadh
The company did not disclose the value of the contract, but said the orders fall under the major category, which ranges between Rs 5,000 crore and Rs 7,000 crore, according to the classification of contracts
PTI | April 9, 2021 | Updated 17:45 IST
Larsen & Toubro is an Indian multinational engaged in EPC projects
The Renewables arm of Larsen & Toubro s Power Transmission & Distribution Business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia. The company did not disclose the value of the contract, but said the orders fall under the major category, which ranges between Rs 5,000 crore and Rs 7,000 crore, according to the classification of contracts.
L&T arm gets contract for Saudi solar plant
By IANS |
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Prayagraj: Reportedly, a mentally challenged man climbed a high voltage power transmission tower near Bairhana in Prayagraj, on July 9, 2019. It took two hours to bring him down after the teams of fire department, police and power department reached . Image Source: IANS News
Mumbai, April 9 : The renewables arm of Larsen & Toubro s Power Transmission & Distribution Business has secured a turnkey EPC Contract worth Rs 5,000-7,000 crore, to set up the Sudair Solar PV Project of 1.5 GW capacity in Saudi Arabia.
In a statement, L&T said it has received the contract from the consortium of ACWA Power and the Water and Electricity Holding Company, a subsidiary of the Public Investments Fund (PIF) of Saudi Arabia.
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Synopsis
The Renewables arm of Larsen & Toubro s Power Transmission & Distribution Business has secured a turnkey EPC contract, from the consortium of ACWA Power and the Water and Electricity Holding Company for Sudair Solar PV Project of 1.5GW capacity, a company statement said.
Reuters
The Renewables arm of Larsen & Toubro s Power Transmission & Distribution Business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia. The company did not disclose the value of the contract, but said the orders fall under the major category, which ranges between Rs 5,000 crore and Rs 7,000 crore, according to the classification of contracts.