Recommendation: Add; Target Price: Rs 165
The 130 MW plant in Gujarat's Kutchh secures a 25-year PPA with SECI at Rs 2.83/kWh.
Nifty Metal, Nifty Bank, and Nifty Financial Services in red.
NTPC is also planning to come up with initial public offering for its renewable energy arm NTPC Green Energy Ltd (NGEL) to raise funds
The introduction of the Paytm UPI SDK is an additional feature within the existing UPI acquiring arrangement between Paytm Payments Services Ltd. and Paytm Payments Bank.
On the sectoral front, all indices advanced.
Recommendation: Buy; Target Price: Rs 220
One order is for construction of 380 kV substation in Saudi Arabia.
Recommendation: Buy; Target Price: Rs 664
PTC will purchase 100 MW of power from Brookfield's Bikaner solar power plant.