archived as published
Thursday, 27 August · prices through NSE close
Larsen & Toubro's Renewables business secured a major order to develop three Battery Energy Storage System projects in the Middle East with a combined storage capacity of 6 gigawatt-hours. The project value ranges between Rs 5,000 crore to Rs 10,000 crore.
Adani Energy Solutions won a 4,700 crore rupee transmission project in Maharashtra to evacuate 4,500 MW of renewable and storage power, with completion targeted within 36 months. The project was awarded through tariff-based competitive bidding.
State Bank of India agreed to sanction its portion of a proposed loan to Vodafone Idea after promoter companies agreed to provide guarantees. Vodafone Idea is seeking approximately 35,000 crore in debt financing comprising a 25,000 crore term loan and a 10,000 crore line of credit.
Defence Minister Rajnath Singh approved the transfer of technologies for all conventional missile systems developed by DRDO to eligible Indian defence companies for indigenous production.
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