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COMPANY NEWS

Headlines:

Indian stocks edge higher in lackluster trade; ITC up 3%

NTPC starts 3 units; beats 12th Plan target by adding 12.84GW  -   23/03/2017 17:41
S tate-owned electricity generater NTPC Ltd on Thursday said it has commissioned three units of different projects namely 20 MW unit of Bhadla solar power project, unit-2 of 250 MW Bongaigaon thermal power project, and unit-2 of 800 MW Kudgi super thermal power station respectively. In a filing to the Bombay Stock Exchange, the company said, “20 MW of Bhadla solar power project has been commissioned...
REC enters MoU with DVC to provide Rs 4,650 cr fin assistance  -   23/03/2017 16:48
S tate-run Rural Electrification Corporation Ltd on Thursday that it has entered Memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC) for Rs 4,650 crore financial assistance to DVC. In a filing to the Bombay Stock Exchange, the company said, “Rural Electrification Corporation Ltd has entered into Memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC) for extending...
CUMI inaugurates 3 modern fusion facilities at Cochin  -   23/03/2017 16:29
C arborundum Universal Ltd, manufacturer and trader of abrasives, ceramics and electro minerals, on Thursday said that it has inaugurated 3 modern fusion facilities at Kalamassery in Cochin. “The company's electromineral division on March 23, 2017, inaugurates three modern fusion facilities at Kalamassery, Cochin creating one of the most advanced and integrated electro minerals complex at an ins...
BPCL board declares interim dividend of Rs 12 per share  -   23/03/2017 15:31
G overnment-owned oil marketing company Bharat Petroleum Corporation Ltd. (BPCL) on Thursday said that its board has approved second interim dividend of Rs 12 per equity Share of face value of Rs 10 each for the financial year 2016-17. “The board of directors at its meeting held on March 23, 2017 has declared interim dividend of Rs 12 per equity share of face value of Rs 10 each for the financial ye...
Ind-Ra upgrades HPCL biofuels to ‘IND AA-’/Stable  -   23/03/2017 15:31
I ndia Ratings and Research (Ind-Ra), a leading rating agency based in India, has upgraded HPCL Biofuels Ltd’s (HBL) long-term issuer rating to ‘IND AA-’ from ‘IND A’, with stable outlook. “The upgrade reflects HBL’s 100 per cent owner Hindustan Petroleum Corporation Limited’s confirmation to Ind-Ra that it is committed to support HBL, if needed. This reflec...
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