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State-owned power major NTPC on Friday said its 250 mw unit of Barauni Thermal Power Station in Bihar will start commercial operation from March 1. In a regulatory filing, NTPC said the 250 megawatt (mw) unit of Barauni Thermal Power Station Stage-II (2 x 250 MW) is declared on commercial operation with effect from March 1,
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WEEKLYEQUITYNEWSLETTER28FEBTO6MARCH2020 THTH EmailUS: Thegrssolution@gmail.com Info@thegrssolution.com +916232988986 Info
MARKETUPDATES •State-ownedpowermajorNTPConFridaysaidits250mwunitofBarauniThermalPowerStationinBiharwillstartcommercialoperationfromMarch1.Inaregulatoryfiling,NTPCsaidthe250megawatt(mw)unitofBarauniThermalPowerStationStage-II(2x250MW)isdeclaredoncommercialoperationwitheffectfromMarch1,thisyear.Withthis,thecommercialcapacityNTPCandNTPCgroupwillbecome48,895mwand57,356mwrespectively,thefilingsaid.BarauniThermalPowerStation(720mw)islocatedatBegusaraidistrictinBihar. •GodrejPropertieshasboughtabout3acrelandparcelinMumbaifromDICIndiaLtdforRs153crore.Thecompanysaidinastatementthatithas"enteredintoanagreementtopurchaselandintheupcoming&fastdevelopingmicro-marketofChandivali,Mumbai."Spreadacrossabout3acres,thisprojectwilloffer0.45millionsquarefeetofsaleableareaprimarilycomprisingresidentialapartmentswithasmallamountofretailspace.Separately,DICIndiasaidinaregulatoryfilingthatitsboardhasapprovedthesaleoflandlocatedatChandivali. •SharesofBandhanBankslipped7percenttoRs370.60ontheBSEonFriday,thuserasingentiregainrecordedsinceTuesdayaftertheReserveBankofIndia(RBI)liftedrestrictionsplacedonthebankfromopeningnewbranches.Theprivatesectorlender'sstockwasquotingclosetoitsall-timelowofRs369.15,touchedonOctober16,2018.ThebankissuedsharesatRs375pershareinitsinitialpublicoffer(IPO)anddebutedontheboursesonMarch27,2018.Thestocktouchedanall-timehighofRs741onAugust9,2018.Withtoday’sfall,BandhanBankhastanked27percentthusfarinthecalendaryear2020. •SharesofTataMotorstumbled10percenttoRs130.50ontheBSEonFridayonreportsthattheCompetitionCommissionofIndiaisexaminingallegationsthatthecompanyandtwofinancefirmsofits$100billionparentgroupabusedtheirmarketpositionwhilesellingcommercialvehicles.Besides,heavysellingwasseenatthecounterasconcernsonChina-originatedcoronavirusbecomingapandemicsouredsentiment.ChinaisoneofTataMotors'mostsignificantmarketsintermsofvolumeandprofit.TheautomobilecompanyallegedlydictatedtermsaroundthequantityandtypeofvehiclesitsformerdealerinnorthernIndia-VaranasiAutoSales-shouldstock,newsagencyReutersreported. •GujaratCooperativeMilkMarketingFederation(GCMMF)'sflagshipAmulDairyissettoacquireHeritageFoodsLtd'sdairyplantinPunjabforRs21.20crore.HeritageFoodsLtd'sBoardofDirectorsonFridayapprovedthesaleof"alltangibleassets"ofthedairyplantlocatedatBhambrivillageofFatehgarhSahibdistrictinPunjab,thecompanysaidinitsfilingwithexchanges.ThemoveispartofitsbusinessrationalisationinnorthernIndia.TheboardapprovedthesaletoAnand-basedKairaDistrictMilkProducersUnionLtd(AmulDairy),theflagshipdairyunderGCMMF. ContactUs:+916232988986www.TheGRSsolution.com
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