News Overview

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.

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.

The NFO is available for subscription from Jan 08 to Jan 22, 2025.

Top gainers in Sensex include HUL, Nestle, M&M, Kotak Mahindra, Asian Paints, Bharti Airtel, HCL Tech, ITC, and Titan Company.

The fund to invest predominantly in equity and equity related instruments of rural theme companies.

The underlying theme of the Fed minutes of 18-Dec meeting was concerns that Trumponomics could trigger inflation

The proceeds of the transaction will be used largely to repay $491 Million in outstanding borrowings under its revolving credit facility.

The project incorporates infrastructure development on an Engineering, Procurement, and Construction (EPC) basis and is expected to be completed within 36 months.

The acquisition will be completed in one or more tranches for a total of roughly ₹15.02 Crore.

The dollar is still strong and has a significant impact on the currency market as a result of the bond market selloff.