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The LOI is a 50 MW/500 MWh share out of the overall 500 MW/1000 MWh project under GUVNL's Tariff-Based Global Competitive Bidding (Phase-IV), and is eligible for Viability Gap Funding.

Brent crude futures increased 24 cents, or 0.3%, to $77.16 a barrel. At $74.18, U.S. West Texas Intermediate crude futures increased 26 cents, or 0.4%.

Re-opening and expansion of Rakha Mine and development of new underground mine at Chapri shall be undertaken and commissioning of a modern concentrator plant would be done.

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The project shall include the installing and maintaining of 75.69 lakh smart meters in crucial zones like Varanasi, Azamgarh, Prayagraj, Mirzapur, Agra, and Aligarh.

Spot gold remained steady at $2,670.16 per ounce. This week, the price of gold has increased by almost 1%. At $2,694.50, gold futures increased by 0.1%.

GTPL Hathway profits tanked 57% at ₹10.2 crore against ₹23.7 crore. However, its revenue was seen increasing by 4.3% to ₹887.3 crore from ₹850.9 crore.

The profit after tax (PAT) increased by 10% sequentially from the Rs 387.75 crore recorded in Q2FY25.

This week, the dollar gained 0.5% against the yen to purchase 158.03 yen and climbed more than 1% against the British pound

The money will be used for debt reduction and capital expenditures across all of the closely owned companies.