Ashwani Gujral of ashwanigujral.com is of the view that Idea Cellular to head below Rs 98 while one may prefer HDFC and ITC.
"As per the proposal, the project cost was determined by CERC/APTEL for the purposes of arriving at the final tariff for power or such cost as mutually agreed between NLC and DVC would be the consideration value for the transfer of...project assets to the JVC," it said.
With these new orders, the company's solar portfolio now stands at 300 MW, BHEL said in a press release.
The power project will be implemented at an estimated cost of Rs 17,237.8 crore, including interest during construction component of Rs 3,202.42 crore.
The Cabinet Committee on Economic Affairs (CCEA) has approved Neyveli Lignite Corporation's (NLC) proposal to set up a 1,980 megawatt (MW) thermal power plant in Uttar Pradesh (UP), Chairman SK Acharya told CNBC-TV18.
ITC | HDFC Bank | Kotak Mahindra Bank | L&T Infotech | Wipro Hindustan Zinc | KPIT Technologies | KEI Industries | Nucleus Software | Bharat Seats | IIFL Holdings | UltraTech Cement | HPCL | Nevyeli Lignite | Ambuja Cements and VRL Logistics are stocks, which are in the news today.
"For the first time, NTPC-the Maharatna public sector undertaking... has traded in Un-Requisitioned Surplus (URS) power from four of its prominent thermal generating stations: Vidhyanchal, Unchahar, Rihand and Dadri Power at IEX," Indian Energy Exchange said in a statement.
Neyveli Lignite has long-term borrowings of Rs 7000 crore. Financing for the power station will come from cash reserves, says SK Acharya, chairman of Neyveli Lignite.
Sun Pharma | SBI | Novartis India | RPG Life Sciences | HT Media | GMR Infra | DB Corp | ABG Shipyard | Alok Industries | Torrent Pharma | BPCL | United Spirits | Power Grid and Jet Airways are stocks, which are in the news today.
The company had posted a net profit of Rs 676.81 crore in the year-ago period, NLC said in a filing to BSE.
Noting that in most cases lignite mines were linked to downstream power stations, Power Minister Piyush Goyal said in Lok Sabha that concerted efforts were being made for timely implementation of ongoing projects and taking up new projects.
The approval was sought through a special resolution via postal ballot for the change of name of Neyveli Lignite Corporation Ltd to NLC India Ltd and consequent alteration to memorandum of association and articles of association of the company, it said in a regulatory filing.
SK Acharya blames flooding for Neyveli‘s subdued performance in third quarter of this fiscal but expects revenue to grow in the fourth quarter year-on-year (YoY).
TCS | HDFC | Nalco | Larsen and Toubro | Container Corporation | Ashoka Buildcon | RCF | National Fertilisers | GAIL | Jain Irrigation | Ujaas Energy | Indosolar | Dalmia Bharat | Karveri Seed | Jaiprakash Associates | IFCI and Idea Cellular are stocks, which are in the news today.
Ravi Kataria of Medici Firma is of the view that one can pick KNR Construction and RPP Infra.
The orders include the construction of 154 of various tyre of residential quarters including electrification works on NTPL township at Tuticorin worth Rs 34.9 crore.
Bharti Airtel | Infosys | ITC | L&T | Reliance Power | GVK Power | Reliance Infrastructure | IVRCL | Smartlink Network | Just Dial | Tata Power | Tata Steel and Neyveli Lignite are stocks, which are in the news today.
"The Ministry of Coal has conveyed the allotment of Talabira-II and III coal mines in Odisha to NLC by the competent authority in order to meet coal requirements for the power projects by NLC's subsidiary companies," Neyveli Lignite Corporation said in a notification.
The government has allotted Talabira II & III coal mines to the company to meet coal requirements for their power projects, said SK Acharya, Chairman, Neyveli Lignite
"Ministry of coal, on February 8, has conveyed allotment of Talabira-II & III coal mines in Odisha to NLC by Competent Authority," the state-owned lignite mining and power generation company said in its filing.
"The government has decided to allot Talabira-II and -III coal blocks in Odisha to Neyveli Lignite Corporation," an official said.
"The proposal for the 1,980 MW Ghatampur project will soon be sent to Cabinet Committee on Economic Affairs (CCEA) approval. It was discussed in the recent meeting of the Public Investment Board (PIB)," a source said.
NLC had set up its first 10 MW solar plant here at a cost of about Rs 74.60 crore in September last year.
Stocks that are likely to be in news are: United Spirits, Housing Development Finance Corporation, IDFC Bank, Power Grid Corporation of India, SKS Microfinance, Bharti Infratel, Neyveli Lignite Corporation, State Bank of Mysore, Tata Coffee, Sagar Cements
HDFC | Bharti Airtel | Power Grid | Maruti Suzuki | ICICI Bank | NALCO | HT Media | United Breweries | Reliance Infrastructure | Reliance Capital | Engineers India | Gujarat Narmada | Gujarat NRE Coke | State Bank of Mysore | Neyveli Lignite | IDFC Bank | SKS Microfinance | Just Dial and United Spirits are stocks, which are in the news today.