Steel stocks such as Tata Steel, JSW Steel and SAIL will remain in focus as the Government on Monday imposed a 12 per cent provisional safeguard duty for 200 days on five steel product categories, including hot rolled coils, sheets and plates, to protect domestic players from a surge in imports. The decision follows a recommendation for the same by the Commerce Ministry’s investigation arm DGTR. Last month, the DGTR suggested imposing the duty.
State-owned Coal India on Monday said it has entered into a pact with Damodar Valley Corporation (DVC) to set up a ultra-supercritical power plant in Jharkhand at an investment of ₹16,500 crore. Ultra-supercritical power plants operate at higher steam temperatures and pressures than supercritical plants, leading to improved efficiency and reduced emissions.
Gold loan financier Muthoot Finance on Monday said its board has approved interim dividend of ₹26 per share or 260 per cent of the face value of Rs 10 per share for the financial year 2024-25, ahead of their quarterly numbers for the fourth quarter of FY25. Besides, it recommended for approval of the shareholders, an increase in the borrowing powers of the Board of Directors for an amount up to Rs 2 lakh crore. The board also approved the appointment of George Joseph as an independent director of the company.
Evren, a platform launched by Brookfield in India, has signed a 300 MW Power Purchase Agreement (PPA) with NTPC Ltd. to supply firm and dispatchable renewable energy. The agreement involves developing nearly 1 GW of renewable capacity, including solar, wind, and battery energy storage. The 300 MW project is designed to deliver Firm and Dispatchable Renewable Energy (FDRE) by integrating solar, wind, and storage technologies, enabling efficient energy delivery during peak demand hours. This will support power distribution companies in aligning renewable supply with demand and help them meet their renewable energy and storage compliance targets.
Hindustan Unilever Ltd has informed that it has completed acquisition of 90.5 per cent stake in Uprising Science for ₹2,706.44 crore.
Brigade Enterprises has signed a joint development agreement for a project in Malur, East Bengaluru spanning approximately 20 acres. The gross development value of the project is around ₹175 crore, it said in a notice to the exchanges
Tata Power arm ‘Tata Power Renewable Energy’ has signed a Power Purchase Agreement (PPA) with Tata Motors to set up a 131 MW wind-solar hybrid project.
Published on April 22, 2025