Category: Uncategorized

The green energy arm of billionaire Gautam Adani’s coal-to-airports conglomerate signed a 25-year contract with Solar Energy Corp. of India, or Seci, for the remaining 1.8 gigawatts, it said Monday.

The company expects a turnover of around Rs 400 crore from sanitaryware and bathware division in the next five years.

The development comes at a time when Kalyani, the Chairman and Managing Director of Bharat Forge, is locked in a legal battle with his sister Sugandha Hiremath for the ownership of Hikal.

The market is projected to stay range bound in the final week of the current calendar year, with the Nifty 50 encountering resistance in the 21,500-21,600 range, according to analysts.

This is in line with India#39;s ambitious target of having 500 GW of renewable energy by 2030 and its resolve to reduce overall power generation capacity from fossil fuels to less than 50 per cent. India has committed a net zero emission target by 2070.

Analysts anticipate strong market momentum to continue but also advise investors to exhibit caution as Nifty 50 approaches higher levels.

While a robust economic growth will increase the demand for steel, industry players remain concerned about rising imports and high raw material prices amid geopolitical uncertainties.

In 2022, the Tata Steel board had approved a proposal to merge seven of its subsidiaries into itself.

While a robust economic growth will increase the demand for steel, industry players remain concerned about rising imports and high raw material prices amid geopolitical uncertainties.

Suraj Estate Developers#39; Rs 400 crore IPO was subscribed by 15.65 times, with investors bidding for 12.88 crore shares against the offer size of 82.35 lakh shares.