News Overview

The plants will operate under a Group Captive Mode, with HMIL holding a 26% interest and FPEL owning 74% of the project.

The board approved the issuing of 2.45 Crore convertible equity warrants on a preferential basis to promoters and non-promoter businesses.

"Both the parties have agreed to collaborate for the development of renewable energy on a long-term basis," the business informed exchanges.

India is currently the world's second-largest hub for wind supply chain production, according to the Global Wind Energy Council.

Brent crude futures were up 14 cents, or 0.2%, to $74.37 a barrel. At $70.27 a barrel, U.S. West Texas Intermediate crude futures increased 17 cents, or 0.2%.

According to the CME Fedwatch tool, traders now anticipate a 58% chance of a 25 basis point rate drop in December.

The dollar index slipped 0.05% to 107.01, not far from Thursday's one-year high of 107.15.

The IPO of Zinka Logistics Solutions received a lukewarm response, with an overall subscription of 1.86 times.

Letters of Comfort were approved for four subsidiaries — NIRL, NLC India Green Energy Ltd, Neyveli Uttar Pradesh Power Ltd, and NLC Tamil Nadu Power Ltd — to facilitate their borrowing needs.

The company announced on Thursday that it has allocated 1.31 crore equity shares to anchor investors at ₹148 per share.