Spot gold was unchanged at $2,035.78 an ounce. US gold futures increased by 0.1% to $2,044.20.
The firm initiates a ₹175-Crore capex plan, with the first phase requiring an investment of ₹115 Crore.
Brent crude futures had dropped 22 cents, or 0.3%, to $83.46 per barrel.
UPL among worst performers on Nifty 50 last year due to debt concerns and downturn in agri-input industry.
Chemical companies such as Gujarat Fluorochemicals are eyeing battery supply chain, while existing players such as Amara Raja are boosting capacities.
The joint venture is valued at ₹70,352 Crore.
Annual production is expected to be 6.6 lakh tonnes of ammonium nitrate.
UPL has been removed from Nifty50 due to its expulsion from the Nifty 100 index.
The NSE updates the F&O ban list daily based on securities that have crossed the 95% MWPL threshold.
As RBI seeks strengthening financial stability, there has been a 4x increase in RBI penalties on regulated entities during FY20-23.
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