State-owned power equipment major Bharat Heavy Electricals Limited (BHEL) on Friday said it has won Rs 117-billion order for setting up a 3x800 Mw thermal power plant in Jharkhand.

"The order for setting up the 3x800 MW Patratu Super Thermal Power Station Expansion, Phase-I (3x 800 MW) has been placed on BHEL by Patratu Vidyut Utpadan Nigam Ltd (PVUNL - a subsidiary of NTPC Ltd in joint venture with Jharkhand Bijli Vitran Nigam Ltd)," BHEL said in a BSE filing.

Mumbai: The National Stock Exchange (NSE) said on Thursday that the Securities and Exchange Board of India (Sebi) has returned its consent application in the high profile co-location matter since the market watchdog is investigating the case.

The NSE had filed a settlement application with the market regulator in July last year. It had sought a settlement with the regulator regarding a probe relating to allegations of unfair access given to some brokers to its high frequency trading systems.

New Delhi: Larsen & Toubro Ltd (L&T) on Thursday moved the National Company Law Tribunal (NCLT) seeking ‘higher priority’ in repayment of dues owed by Bhushan Steel Ltd.

Bhushan Steel owes Rs900 crore to L&T for supply of certain capital goods.

Mumbai: The Bombay high court has dismissed the appeal filed by Reliance Communications Ltd (RCom) against an arbitration tribunal order that restrained the telecom firm from selling its assets without prior approval till 9 June. RCom will challenge the single bench order’s at the division bench, a spokesperson said in an emailed response.

New Delhi: A global coalition aimed at supporting the use of solar power is expected to announce a slew of projects worth about $700 million during its inaugural conference this weekend in New Delhi, according to government officials familiar with the matter.

The International Solar Alliance, an initiative launched at the Paris climate talks in 2015, plans to unveil 20 projects in as many countries during the event on 11 March, said the officials, asking not to be identified as the information isn’t public yet.

After months of trading insults and threats of nuclear annihilation, President Donald Trump agreed to meet with North Korean leader Kim Jong-un by May to negotiate an end to Pyongyang’s nuclear weapons program, South Korean and U.S. officials said on Thursday. No American President has ever met with a North Korea leader.

The South Korean national security director, Chung Eui-yong, told reporters outside the White House of the planned summit, after briefing Trump and other top U.S. officials about a rare meeting with Mr. Kim in the North Korean capital on Monday.

Indian shooter Anjum Moudgil clinched a silver medal in the women’s 50m Rifle 3 Positions event at the ongoing ISSF World Cup in Guadalajara, Mexico.

It was Anjum’s first World Cup medal as she battled windy conditions to shoot 454.2 in the 45-shot final to finish behind former junior world champion China’s Ruijiao Pei (455.4). Another Chinese Ting Sun claimed bronze, finishing with a score of 442.2.

The government’s decision to extend the deferred spectrum liability payment period to 16 years from the current 10 will benefit the merged company of Idea Cellular and Vodafone India the most, with the installment amount declining by around 30% annually. However, since the net current value would remain intact, the benefit is only in terms of cash flow as the amount due in initial years would be less, but increase towards the later years.

ONGC, Oil India and BPCL’s Area-1 project moved a step forward this week although FID may still be months away. Even so, with start-up only in 2023E, any earnings uplift is years away with development spend likely to weigh on cashflow in the interim with Oil India, BPCL more vulnerable to downside surprises than ONGC. Nonetheless, with valuations inexpensive we keep our ‘Buy’ on ONGC, Oil India preferring IOCL to BPCL/HPCL in downstream SOEs.

Highway developer Dilip Buildcon (DBL) today said it has bagged a road project worth Rs 770.04 crore in Uttar Pradesh from NHAI.

"The company has been declared L-1 bidder by the National Highways Authority of India (NHAI) for a new engineering, procurement and construction (EPC) project in Uttar Pradesh," Dilip Buildcon said in a BSE filing.

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