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Gateway Distriparks update on scheme of amalgamation

Gateway Distriparks has received No objection from BSE and NSE for the draft scheme of amalgamation (merger by absorption) amongst the Company, Gateway East India and Gateway Rail Freight and their respective shareholders. As next steps, the Company has filed the petitions before the NCLT, after processing the comments/observations on the Scheme received from SEBI / Stock Exchanges. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain commit

Morepen Laboratories Ltd leads gainers in A group

India Tourism Development Corporation Ltd, Reliance Infrastructure Ltd, Kitex Garments Ltd and Meghmani Organics Ltd are among the other gainers in the BSE s A group today, 10 March 2021. India Tourism Development Corporation Ltd, Reliance Infrastructure Ltd, Kitex Garments Ltd and Meghmani Organics Ltd are among the other gainers in the BSE s A group today, 10 March 2021. Morepen Laboratories Ltd surged 13.30% to Rs 37.9 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 19.56 lakh shares were traded on the counter so far as against the average daily volumes of 5.36 lakh shares in the past one month. India Tourism Development Corporation Ltd spiked 11.44% to Rs 416.55. The stock was the second biggest gainer in A group. On the BSE, 2.17 lakh shares were traded on the counter so far as against the average daily volumes of 23173 shares in the past one month.

Reliance Power-JERA JV achieves financial closure for 745 MW Bangladesh project

The project is to build, own, and operate a 745 MW (net output: 718 MW) natural gas combined-cycle power project in Meghnaghat, Narayanganj, located approximately 40 km southeast of Dhaka.Reliance Power and Japan s JERA Co. Inc., through their joint venture project company, are developing a new gas-fired power generation project in Bangladesh. The project company has achieved financial closure for the project with a group of lenders that includes Japan Bank for International Cooperation & Asian Development Bank and all requisite conditions for availing drawdown under the loan agreements have been satisfied. The project is to build, own, and operate a 745 MW (net output: 718 MW) natural gas combined-cycle power project in Meghnaghat, Narayanganj, located approximately 40 km southeast of Dhaka (the Project / Phase 1).

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