RailTel has secured a ₹70.94-crore order from Nashik Municipal Smart City Development Corporation Ltd.
The company will transfer these assets at the book value that is existing on the closing date of their respective power purchase agreements.
The company will develop Rajasthan Mandapam Convention Centre, Unity Mall and allied commercial and cultural infrastructure.
The energy business plans to achieve 30 MW of generation and 40GWh of storage capacity by 2030. It also plans to achieve carbon neutrality by 2050.
This development comes a year after Maharashtra unveiled its Green Integrated Data Centre Parks policy in October 2024.
The buyback will be executed at a price of ₹1,800 per share.
Here are some of the stocks that may see significant price movement today: Infosys, Mahindra & Mahindra, Lodha Developers, etc.
The projects, being developed under various special purpose vehicles (SPVs) of the Evergreen Group, represent a significant addition to Inox Clean’s renewable energy footprint.
The company last month announced that its subsidiary also received a Letter of Intent (LoI) for supplying 5,376 wheelsets for Vande Bharat trains.
It is also the first time the state-owned lender is backing one of ACME’s FDRE projects.
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