NTPC, India Grid Trust and Yes Bank to see some action today

NTPC has successfully synchronised a 660-MW unit of its supercritical thermal power plant in Bihar with the grid, which would help the commercial generation of electricity from it. The power producer has been setting up five units with 660 MW capacity each, spread across 3,200 acres of land at Barh in Patna district. The successful synchronisation would pave the way for commissioning of the unit.

India Grid Trust has completed acquisition of 74% paid-up capital of Jhajjar KT Transco (JKTPL) from Kalpataru Power Transmission (KPTL) and Techno Electric & Engineering Company (TEECL). The acquisition of aforesaid power transmission asset is in line with the IndiGrid investment strategy as provided in the Trust Deed with a focus to ensure stable distribution to unitholders by owning assets with long term contracts.

BSE has signed a pact with private sector lender Yes Bank to empower the small and medium enterprises (SMEs) listed on the platform. The pact aims at empowering the SME segment through awareness and knowledge-sharing programmes. As per the Memorandum of Understanding (MoU), BSE and Yes Bank will conduct knowledge events for SMEs, export promotion of SMEs, in addition to providing banking and financial solutions. The bank will also offer customised services and products to the listed SME members of the platform.

Symphony has launched Universal packaged air coolers for industrial and commercial applications. The company aims to give momentum to the Make in India move in the country. This is the world’s first Universal packaged air coolers that provide high level of flexibility during installation. These aesthetically designed air coolers consume 90% less electricity than AC and are very easy and quick to install. The range includes PAC 20U, PAC 25U and Movicool XXL with innovative features like four- side cooling pads, dust filters and Cool Flow Dispenser.

Central Bank of India’s board has approved the allotment of 16,57,99,736 Equity Shares to eligible qualified institutional buyers at the issue price of Rs 15.38 per Equity Share, aggregating to Rs 254.99 crore under the SEBI Regulations. The capital raising committee of the board of directors of the bank at its meeting held on September 28, 2020 has approved the allotment of the same. Pursuant to the allotment of Equity Shares in the QIP, the paid -up equity share capital of the Bank stands increased to Rs 5875.56 crore comprising of 587,55,62,460 equity shares of face value of Rs 10 each.

SJVN has received investment approval from the Public Investment Board, Ministry of Finance, Government of India for 210 MW Luhri Hydro Electric Project (HEP) and 66MW Dhaulasidh HEP in the state of Himachal Pradesh.

Cosmo Films has introduced a new bi- axially oriented polypropylene (BOPP) based coated film which is designed to slowly release fragrance which lasts for a long time. The film is matte finished on one side while other side is extrusion lamination applications. Through initial tests, these newly designed films have proven to remain fragrant for more than 2 months, and it is expected that the film would continue to release a soothing fragrance for almost 6 months. The film can be widely used for applications like catalogues, book covers, various bonds, magazines, visiting cards, packaging for cosmetics and personal care items and more.