Reliance Industries (RIL) fell 1.71% to Rs 2064.45, extending decline for the sixth day in a row.
Shares of the index heavyweight have lost 5.78% in six sessions from its recent closing high of Rs 2,191.10 recorded on 8 March 2021.
In the past six months, the stock has declined by 10.20% while the benchmark Sensex had gained 28.48% during the same period.
On the technical front, the stock s RSI (relative strength index) stood at 46.424. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading above its 50-day, 100-day and 200-day daily simple moving average (SMA) placed at 2022.79, 2003.50 and 2009.43, respectively.
The Heavy Engineering arm of Larsen & Toubro dispatched the first out of four 700 MWe Steam Generators for the Gorakhpur Haryana Anu Vidyut Pariyojana (GHAVP) 1&2 project in 36 months, creating a new global benchmark in the nuclear manufacturing industry.
This hi-tech equipment was manufactured at L&T s state-of-the-art manufacturing facilities at Hazira and Vadodara Heavy Engineering Works (VHEW).
This Global benchmark is a result of dedicated efforts put in by teams of NPCIL and L&T, which ensured early delivery of the Steam Generator by 12 months with the highest standards of quality despite the challenging period of the COVID-19.
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Adani Wind Energy Kutch Three (AWEKTL), a subsidiary of Adani Green Energy, commissioned a 100 MW Wind Power Plant in Kutch (Gujarat) 5 months ahead of its schedule. This is the 5th project commissioned before schedule by the company over the past 12 months.
The plant has Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) at Rs. 2.82/kwh.
With the successful commissioning of this plant, the company has an operational wind generation capacity of 497 MW.
AGEL has total renewable capacity of 14,815 MW including 11,470 MW that have been awarded and are different stages of implementation. With this project the company has added total renewable capacity of 800 MW since the last 12 months the company has added despite the challenges of the COVID19 outbreak.
To set up International Bullion Exchange at GIFT CityMulti Commodity Exchange of India
(MCX) has signed a Memorandum of Understanding with National Stock Exchange of India
(NSE), India INX International Exchange (IFSC) (India INX), National Securities
Depository (NSDL) and Central Depository Services (India) (CDSL) for setting
up Market Infrastructure Institutions comprising of International Bullion Exchange, Clearing
Corporation and Depository at Gujarat International Financial Trade (GIFT) City in lines with the
Government of India objective to make India a price setter in bullion through GIFT International
Finance Service Centre (IFSC) and in accordance with the International Financial Services Centres
Authority (Bullion Exchange) Regulations, 2020 and other applicable laws.
Cochin Port Trust is one of the 12 major ports in the country. Cochin Port Trust (CoPT), one of the major port trusts in India, will sign 9 MoUs of Rs 2,825 crore (as of today) at 2nd Maritime India Summit 2021 scheduled to happen on 2nd to 4th March 2021, Ministry of Ports, Shipping and Waterways (MoPSW) said in a statement. These MoUs will be majorly signed between Fertilisers and Chemicals Travancore Limited (FACT); Kottayam Port & ICD Services; IOCL; IGTPL; etc. The MoUs will be signed in the areas like dredging for maintenance of channels and basins, coastal connectivity, cargo handling, tourism related projects, aviation fuel terminal, deepening and widening of port channels, etc.