Reliance Infrastructure (R-Infra) will be watched. With reference to the news item titled, "Greenko eyes Reliance Infrastructure's Mumbai power business for $2 billion," R-Infra clarified that it is engaged in various initiatives to unlock value in its existing businesses, including inter alia the Mumbai power business, roads and transmission, and to thereby significantly reduce its overall leverage. The company shall make appropriate disclosures on the occurrence of a disclosable event. The company is not aware of any information that has not been announced to the exchanges which could explain the aforesaid movement in the trading.
With regard to the proposed initial public offering of units by Reliance Infrastructure InvlT Fund, sale of cement business and divestment of Mumbai power distribution business, the company has made the necessary disclosures to the stock exchanges from time to time, R-Infra added. The announcement was made after market hours yesterday, 29 August 2017.
Tata Power announced after market hours yesterday, 29 August 2017, that its 100% subsidiary, Tata Power Renewable Energy (TPREL), increased its generation capacity by 337% in the fiscal year ended March 2017 (FY17) as compared to the fiscal year ended March 2016 (FY16). TPREL generated 1440 million units (MUs) that from renewable energy sources (wind & solar) in FY17 as compared to 329 MUs in FY16.
TPREL is the primary vehicle through which Tata Power's investments in renewable energy capacity are driven. TPREL proposes to grow its capacity through organic and inorganic means over the next few years. TPREL completed commissioning of 100 MW wind farm at Nimbagallu, Andhra Pradesh and 50 MW Rojmal Phase-II in Gujarat and 15 MW solar plant in Belampally, Telangana in last quarter of FY17, Tata Power said in a statement.
Kesar Terminals & Infrastructure said that on 29 August 2017, the operation of Inland Container Depot (ICD) and Rail Transportation of Containers from the Private Freight Terminal [PFT] of KMLL served by Powarkheda (PRKD) station, near Itarsi railway Junction has started by dispatching first lot of export cargo through 45 container of 40 FEU each, from the Multimodal Composite Logistics hub of Kesar Multimodal Logistics (KMLL) - the subsidiary of the company. The announcement was made after market hours yesterday, 29 August 2017.
KSK Energy Ventures said that its board of directors at a meeting held on 29 August 2017, considered and approved issue of securities subject to the approval of the shareholders at the ensuing annual general meeting. The announcement was made after market hours yesterday, 29 August 2017.
PI Industries turns ex-dividend today, 30 August 2017, for final dividend of Rs 2.50 per share for the year ended 31 March 2017.
Shreyans Industries turns ex-dividend today, 30 August 2017, for final dividend of Rs 1.50 per share for the year ended 31 March 2017.
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