News Overview

A 600-MW unit from MEL's Mahan thermal power plant will serve as the captive unit for this agreement, out of its total capacity of 2800 MW.

Advances for the quarter reached ₹2.28 lakh crore, while deposits amounted to ₹2.66 lakh crore, marking a quarter-on-quarter growth of 10.1% and a year-on-year growth of 22.5%.

The broader market demonstrated strong performance, with the BSE SmallCap index rising by 1.11%, and the BSE MidCap index by 0.48%.

The production of mined metal for the entire fiscal year 2023-24 increased by 2% to 1,079 KT, compared to 1,062 KT in 2022-23.

Factors such as March stocking, labor shortages during Holi and Lok Sabha elections may influence cement demand in April, raising concerns among dealers about the sustainability of announced price hikes.

One of the biggest integrated Bauxite-Alumina-Aluminum-Power Complexes in the nation is NALCO, a Navratna CPSE. Currently, 51.28% of the state-run company's paid-up equity capital is owned by the government.

As directed by its legal counsel, Shriram Properties plans to contest the penalty ruling before higher courts or authorities within the allotted time frame.

Bharat Forge's shares were trading 1.7% lower at ₹1,135.65 at the time of writing, marking a 50% increase over the past 12 months.

As part of the merger plan, Hinduja Healthcare, which provides healthcare services, would combine with Hinduja Realty Ventures, which specializes in real estate development.

The IPO allocation is as follows: at least 75% of the offer is reserved for qualified institutional buyers (QIB), a maximum of 15% for non-institutional investors (NII), and a maximum of 10% for retail investors.