Shares of Reliance Industries Ltd. gained as much as 6.2%, the most in nearly two months, to reach their level before the company scrapped a deal to sell Saudi Arabian Oil Co. a stake in its oil-to-chemicals unit.
- Rupee Bond Traders To Weigh RBI Minutes, Auction
- Moody’s Downgrades India’s Sovereign Rating By One Notch
- Why JSW Energy Is Upbeat About India’s Power Sector
- JSW Energy Advances After Signing Contract With GE Renewable For Supply Of 810 MW Wind Turbines; RSI > 70
- Copper Set to Rule Around $10,000 a Tone in The Short-Term | Neal Bhai
The shares fell 4.9% through Wednesday from Thursday’s close after the company ended a plan announced more than two years ago to sell a 20% stake in the unit to Aramco.
Bharti Airtel Affirmed At BBB- By Fitch
Bharti Airtel Ltd.’s long-term issuer default rating was affirmed by Fitch at BBB-.
- Senior Unsecured Debt Rating was affirmed by Fitch at BBB-
- Outlook remains negative
JSW Energy Board Approves Re-Organisation Of Renewable And Thermal Businesses
The board of JSW Energy Ltd. has approved the re-organisation of its renewable and thermal businesses. All existing and upcoming renewable energy businesses will be housed under JSW Energy Neo Ltd, which will be a wholly owned subsidiary of the company.
“It will streamline renewable portfolio and facilitate fund-raising and unlocking value for shareholders,” the company said in a statement.
The company further said that JSW Neo Energy Ltd. will be the vehicle for JSW Energy to drive the company’s growth plans in renewable energy – across generation, energy storage and green hydrogen. The company’s operational hydro projects (Karcham: 1,091 MW, and Baspa II 300 MW) and all upcoming renewable energy projects will be housed in subsidiaries under JSW Neo Energy.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
| Follow us on |
| Telegram, Whatsapp , Facebook, Twitter, Instagram, YouTube, Google Business Profile and Truth Social. |