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NTPC, Man Infraconstruction and Tata Motors to see some action today

13 Oct 2022 Evaluate

NTPC and Siemens have signed a Memorandum of Understanding (MoU) to demonstrate the feasibility for hydrogen co-firing blended with natural gas in Siemens V94.2 gas turbines installed at NTPC Faridabad gas power plant. The total installed capacity of Faridabad gas power plant is 432 megawatt (MW) with two V94.2 gas turbines operating in combined cycle mode.

Man Infraconstruction has acquired 18,00,000 Equity Shares (representing 36% of the paid up equity share capital), of Manaj Tollway (MTPL) and accordingly, MTPL has become wholly owned subsidiary of the Company with effect from October 12, 2022.

Tata Motors’ all new ‘Tiago.ev’ has received an electrifying response from the market and has surged past the 10,000 booking mark on first day. Inspired by the stupendous interest from customers and to encourage mass adoption of EVs further, the company has extended the special introductory pricing, starting from Rs 8.49 Lakh (All India - Ex-showroom) to an additional 10,000 customers. Deliveries of the Tiago.ev will commence from January 2023 onwards.

REC’s wholly owned subsidiary -- REC Power Development and Consultancy (RECPDCL) has handed over the project specific SPV (Special Purpose Vehicle), formed for construction of Transmission Project viz., ‘ER NER Transmission’ to Power Grid Corporation of India.

RBL Bank and BookMyShow have entered into a partnership to launch a new 'Play' credit card that will take the entertainment quotient for Indian audiences several notches higher. Previously, in 2016, RBL Bank had successfully partnered with BookMyShow for the launch of Fun Plus Credit Card.

Kriti Industries (India) has subscribed and FP Elite Energy has allotted 7,88,141 Equity Shares of Rs 10 each constituting 34.78% of Equity Capital on October 11, 2022. Therefore, FP Elite Energy has become Associate Company of Kriti Industries (India).

Wipro has reported result for second quarter ended September 30, 2022. The company has reported a fall of 4.38% in its net profit at Rs 2,282.90 crore for Q2FY23 as compared to Rs 2,387.40 crore for the corresponding quarter previous year. However, the total income of the company increased 14.05% to Rs 17,392.10 crore for the quarter under review as compared to Rs 15,249.20 crore for the same quarter in the previous year. On the consolidated basis, the company has reported a fall of 9.61% in its net profit at Rs 2,649.10 crore for the quarter under review as compared to Rs 2,930.60 crore for the same quarter in the previous year. However, total income of the company increased by 14.26% at Rs 23,049.40 crore for Q2FY23 as compared to Rs 20,173.60 crore for the corresponding quarter previous year.

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