Stocks To Watch On 15 September: The BSE Sensex settled higher for the tenth consecutive day on Thursday and the NSE Nifty gained 33 points to close at a fresh lifetime high of 20,103, on the back of fag-end buying in oil & gas, metal, and commodity stocks amid a largely firm trend in global markets.
After a volatile session, the Sensex climbed 52.01 points or 0.08 per cent to settle at 67,519. The Nifty advanced 33.10 points or 0.16 per cent to end at its all-time closing high of 20,103.10.
"Banks, Autos & Realty stocks helped Benchmark Indices close in the Green as we approached the festive season. Several stocks were seen buzzing around across sectors in the broader markets in today's trade with interested buying witnessed in Sugar stocks on reports of dip in production from Maharashtra on account of deficient rains. Positive Data Points across key metrics in August kept investors on their toes," said S Ranganathan, Head of Research at LKP Securities.
The state-run power generation company has signed a supplementary joint venture (JV) agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL), to amend the existing JV dated 28 February 2008, and make it an integral component thereof. In 2008, the joint venture was signed by the companies to establish Meja Urja Nigam (MUNPL) company. The supplementary JVA has been signed to develop the Meja Stage-II (2X660 MW), Obra 'D' Thermal Power (2X800 MW) & Anpara 'E' Thermal Power Plant (2X800 MW) projects, subject to techno commercial viability and necessary clearance and power purchase agreement (PPA) in place.
Paramount, UAE-based global aerospace and technology company announced a broadening of its development and manufacturing partnership with Indian industrial conglomerate, Bharat Forge and Kalyani Strategic Systems, to produce a wider range of armoured vehicles in India for Paramount’s customers across globe.
Subsidiary Tata Power Renewable Energy Limited (TPREL) on Thursday signed a Power Delivery Agreement (PDA) with Xpro India Limited, through a special purpose vehicle (SPV), for the development of a 3.125 MW AC Group Captive Solar Plant.
Vedanta Resources has appointed Chris Griffith as its Chief Executive Officer for base metals and president of international businesses with effect from 2 October 2023, the company said in a statement. Vedanta Resources holds 68.11 per cent stake in its Indian subsidiary Vedanta Ltd which has significant operations in oil and gas, zinc, iron ore, aluminium, power, and copper.
State-run Oil India Ltd plans to invest Rs 25,000 crore in clean energy projects that will help it achieve a net zero carbon emission goal by 2040, said chairman Ranjit Rath. The company’s net zero plan includes a combination of cutting down the flaring of gas and commercialization of stranded including establishing a renewable electricity generation capacity, building green hydrogen plants and constructing biogas and ethanol plants.
