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NSE share market NEWS tomorrow (04 September, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (04 September, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 04 September 2024

Piramal Pharma was amongst the top gainers, currently trading at 213.03 in NSE with 16.468 times change in volumes and 10.321% change in price. Other gainers included Mazagon Dock with 7.19% price change and 1.012 times volumes, Pnb Housing with 4.991% price change and 2.055 times volumes, Biocon with 4.836% price change and 4.837 times volumes, and Pg Electroplast with 4.754% price change and 1.266 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Oil India was amongst the top losers, currently trading at 682.25 in NSE with 1.299 times change in volumes and -6.522% change in price. Other losers included Rbl Bank with -4.044% price change and 3.889 times volumes, Fortis Healthcare with -3.532% price change and 1.79 times volumes, Federal Bank with -3.463% price change and 3.139 times volumes, and Wipro with -3.153% price change and 1.355 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Other stocks which made news headlines today and can be traded tomorrow are below.

Reliance Industries wins bid for govt incentives to make EV batteries. The oil-to-telecom conglomerate beat six other competitors, which included units of battery maker Amara Raja Energy and Mobility and power producer JSW Energy

CapitaLand Investment to double funds under management in India by 2028. Eyes private credit for real estate, renewable energy

Over 1,000 new jobs for skilled aviation engineers in India: Air India CEO. The Air India's Maintenance, Repair and Overhaul facility being built in Bengaluru is not only expected to generate over 1,200 new job opportunities for skilled aviation engineers in India, but it will also create seven times more indirect jobs for the loc

Suzlon Energy sells corporate HQ in Rs 440 crore sale-leaseback deal. Company says move to help focus on core operations

Adani Enterprises' first Indian retail bond fully subscribed at launch. Such retail bond sales are rare and Adani is the first non-financial company to issue them since 2016.

India will need 10-20 chip manufacturing plants in next 10 yrs: Semi CEO. India will need 10-20 chip manufacturing plants over the next 10 years, Semicon India organiser Semi President and CEO Ajit Manocha said on Wednesday. Manocha said that huge interest is developing in the semiconductor ecosystem, especially in Taiwan after

EV maker Kinetic Green to launch family e-scooter in about 18 months. Electric vehicle maker Kinetic Green on Wednesday said it is working on a family e-scooter, which is expected to hit the market in the next one-and-a-half years even as it ruled out entering the fast-expanding electric motorcycle segment. At a media roundt

Centre awards RIL full quota of Advanced Chemistry Cell under PLI-II. RIL is currently constructing an advanced chemistry-based battery manufacturing facility with a 30 GWh annual capacity in Jamnagar

Dr Reddy's, Lupin recall products in US due to manufacturing issues: USFDA. Dr Reddy's Laboratories and Lupin are recalling products in the US due to manufacturing issues, as per the US Food and Drug Administration (USFDA). Dr Reddy's Laboratories Inc, a subsidiary of Hyderabad-based drug firm, is recalling Ibuprofen tablets in mu

NCLT asks US lenders of edtech company Byju's to file fresh appeal. This means that the US term loan lenders will not be party to the discussion of the CoC

India should aim at developing 10 fabs in 10 years: Semi's Manocha. According to industry estimates, the Indian semiconductor market is projected to exceed 0 billion and generate over 6 lakh jobs by 2030

Flipkart launches 11 fulfilment centres, expects to create over 100k jobs. This comes at a time when e-commerce and quick commerce companies are expanding their supply chain infrastructure ahead of the festival season

Hybrid cars, Suzuki tie-up drive up Toyota Kirloskar profit 3x in FY24. Toyota owns 89 per cent in TKM, while the remaining 11 per cent is owned by Kirloskar Systems Private Limited

Centre for sight expands in Maharashtra, partners with Laxmi Eye Hospital. With its ongoing investments and strategic partnerships, Centre For Sight is set to enhance its service offerings and reach more patients across India

Adani Enterprises sets up subsidiary to develop airport in Kenya's Nairobi. AIP is incorporated to take over, operate, maintain, develop, design, construct, upgrade, modernise and manage airports, the statement said

Star Health to collaborate with foreign insurers for inward reinsurance. The agency force accounts for nearly 80 per cent of the health insurer's overall business

ICRA upgrades Vedanta's long-term rating to AA on strong credit profile. Credit rating agency ICRA on Wednesday said that it has upgraded Vedanta Ltd's long-term credit rating, reflecting the company's strengthened credit profile. The long-term credit rating has been upgraded to AA from AA-. The long-term rating upgrade conside

Display glass biz likely to grow 10 times with AvanStrate Inc, says Vedanta. Vedanta Limited on Wednesday said its display glass business is expected to grow 10-fold, following the consolidation of its holding in AvanStrate Inc. Vedanta Ltd, in May this year, announced the acquisition of an additional 46.57 per cent stake in AvanSt

NCLT extends Go First's resolution deadline, asks to file reply in 3 weeks. Corporate dispute tribunal NCLT has extended the insolvency resolution deadline for grounded airline Go First for the fourth time and directed the suspended board of the debt-ridden firm to file a reply within three weeks. A two-member bench of the Delhi-b

Apple's key manpower supplier Layam Group plans IPO next fiscal year. The Chennai-based company is targeting over a 40 percent rise in its revenue in the next two years

State-owned Canara Bank mobilises 0 mn through IFSC banking unit. State-owned Canara Bank on Wednesday said it has mobilised USD 300 million via the IFSC Banking Unit. The net proceeds from the issue of the notes will be applied by the Issuer's IFSC Banking Unit at Gandhinagar towards the general corporate purposes, Cana

SC asks Sahara Group to furnish list of top officials, properties for sale. The Supreme Court on Wednesday asked the Sahara Group to apprise it of its officials at the helm and the current shareholders besides the list of unencumbered properties which can be sold to realise Rs 10,000 crore. The amount has to be deposited in SEBI-S

Capital Group's arm sells 5% stake in IT firm Mastek for Rs 475 crore. Financial services company Capital Group on Wednesday sold a 5.6 per cent stake in Mastek for over Rs 475 crore through open market transactions while ICICI Prudential Mutual Fund picked up a stake in the IT services company. Los Angeles-headquartered Capi

Adani Enterprises kicks off its maiden bond sale aimed at individuals. The flagship firm of Indian billionaire Gautam Adani's group plans to raise as much as Rs 800 crore (.3 million) through the issuance

Centre to allocate additional Rs 6000 crore to BSNL for 4G gear acquisition. The Department of Telecommunications plans to inject this capital to address the shortfall in funds for 4G equipment, which is being deployed through a domestically developed technology stack

India's ICICI Prudential Life bullish on long-term govt bonds: Official. India aims to gross borrow 14.01 trillion rupees this financial year to meet a fiscal deficit of 4.9% of gross domestic product

Adani Power to boost Kawai plant capacity with Rs 18,000 crore investment. Adani Power plans to invest Rs 18,000 crore to expand its Kawai power plant in Rajasthan, boosting its capacity from 1,320 MW to 4,520 MW in two phases

Volkswagen goes head-to-head with workforce over proposed cuts by company. Cavallo warned emotions will run high and management will be "very uncomfortable" at the meeting, expected to last several hours

IPO market booms in August, Rs 17,047 cr raised across 10 major listings. In 2024 so far, 56 IPOs have raised Rs 65,000 crore, compared to just 20 IPOs raising slightly more than Rs 15,051 crore in the first eight months of 2023

Auto parts maker Motherson to launch 5 mn share sale to tap stock mkt. With a market capitalisation of about billion, Motherson supplies parts to domestic and global automakers such as Maruti Suzuki and Mercedes-Benz

Indian luxury homebuilder Rustomjee to expand into data centres on AI boom. India's data center capacity has nearly doubled since 2019, drawing interest from a wide range of investors, according to a report from Avendus Capital

Jakson Engineers plans Rs 2,000 cr investment to expand solar mfg biz. Jakson Group arm Jakson Engineers on Wednesday said it is planning to invest about Rs 2,000 crore for expansion of its solar manufacturing business. Jakson Engineers Ltd (JEL) -- part of the leading energy and infrastructure conglomerate Jakson Group -- an

Ashok Leyland inaugurates advanced Uptime Solution Center at Ennore. The advanced Uptime Solution Centre brings together teams from aftermarket services, vehicle engineering, and field quality to proactively support Ashok Leyland customers nationwide

CapitaLand to double India investments, targeting .8 billion by 2028. Singapore's CapitaLand is also exploring new opportunities in renewable energy and real estate private credit within the country

Automaker Minda Corp inks licensing pact with China's Sanco to tap EV mkt. Auto components maker Minda Corporation Ltd on Wednesday said it has signed a technology licensing agreement with China's Sanco Connecting Technology to offer electrical distribution systems solutions for the electric vehicles market. Sanco Connecting Tech

Pernod Ricard to sell Imperial Blue whisky, shift focus to premium labels. The world's second-largest spirits company has reportedly enlisted Goldman Sachs to facilitate the sale, which could fetch up to Rs 5,000 crore

Ashiana Housing sells properties worth Rs 403.49 cr in Gurugram project. Realty firm Ashiana Housing has sold 168 apartments for Rs 403.49 crore in its residential project in Gurugram on strong consumer demand. In a statement on Wednesday, Ashiana Housing Ltd said that the company has sold 168 apartments in the fourth phase of

Alpex Solar announces plan to double PV module capacity to 2.4 GW by FY26. Solar solutions provider Alpex Solar on Wednesday announced its expansion plans to double its photovoltaic solar module capacity to 2.4 GW by FY2025-26. A greenfield project of 1.2 GW solar PV modules capacity will be installed in the company's newly acqui

Airtel deploys more spectrum in Rajasthan to boost 5G, 4G network capacity. Telecom operator Bharti Airtel on Wednesday said it has deployed more spectrum across all 50 districts in Rajasthan, boosting 5G/4G network capacities to spruce up voice and data connectivity for subscribers in the state. The deployment will also widen Air

Nvidia suffers 9 billion loss in one day due to these factors: Explained. Nvidia lost 9 billion of its market cap on Tuesday, leading a broader market selloff. This followed a quarterly revenue forecast by the company that fell short of investors expectations

GIC RE gets bids worth Rs 2,300 cr; demand only half of total issue size. Shares of GIC Re, the country's largest reinsurance company, have rallied over 75 per cent in the past one year. The company is currently valued at Rs 69,825 crore

Food delivery major Swiggy reshuffles top deck ahead of upcoming IPO. This comes at a time when competition is intensifying in the rapidly growing quick commerce space

DeVANS forays into premium lager, expands six fields with Brute and Pilsner. Six Fields Brute is the first strong lager variant in the iconic range, embodying a robust, full-bodied beer that promises a rare experience for bold consumers

Landmark Group to invest Rs 4,200 cr in 2 yrs for projects in Delhi-NCR. Realty firm Landmark Group will invest Rs 4,200 crore to develop a new housing and commercial project in Delhi-NCR as part of its expansion plan. In a statement, Gurugram-based Landmark Group said it is gearing up to expand its business portfolio with the

Byju's lenders kicked off creditor panel by court official Srivastava. Lenders have been trying to force Byju's into an insolvency proceeding in a court in India for months, but with limited success

TotalEnergies' Adani Green Energy investments now at .2 billion. TotalEnergies continues to invest in Adani Green, calling it as a strategic move in the Indian electricity market

Gensol-Matrix consortium wins Rs 164 crore for first bio-hydrogen project. It announced they have emerged as the lowest bidder for the EPC of India's first biomass to green hydrogen project.

Toyo-India to do FEED for industrial carbon capture project for EET Fuels. EET Fuels, which owns and operates UK's Stanlow oil refinery, on Tuesday said it has appointed Toyo Engineering India Pvt Ltd to carry out the front-end engineering design (FEED) study for its industrial carbon capture project. EET Fuels is investing USD 1

Mahindra-backed Classic Legends' Jawa 42 FJ enters neo-classic market. The introduction of the Jawa 42 FJ is part of Classic Legends' broader strategy to expand and strengthen its presence

Entod Pharmaceuticals gets DCGI approval for eye drops to treat presbyopia. Entod Pharmaceuticals on Tuesday said it has received approval from the Drug Controller General of India (DCGI) to market eye drops for the treatment of presbyopia. The Mumbai-based drugmaker has received a final approval for PresVu eye drops and plans to

Gave enough chances to repay Rs 10K crore dues: Supreme Court to Sahara. The court said it has received information that the capital markets regulator currently has Rs 15,000-odd crore in the SEBI-Sahara Fund

Shareholder value creation at heart of demerger plan: Gautam Singhania. Singhania said the company's investments in capacity expansion a couple of years ago, which are now coming online, are helping it capitalise on opportunities arising from the challenges in Bangladesh

L'Oreal Paris ropes in actor Alia Bhatt as new global brand ambassador. Leading French cosmetic maker L'Oreal Paris on Tuesday said it has roped in Bollywood actress Alia Bhatt as its new global brand ambassador. With this, Bhatt joins the brand's diverse roster of L'Oreal brand ambassadors like Viola Davis, Jane Fonda, Eva Lo

THDC to harness 6,790 MW pumped hydropower storage at Rs 33,600 cr. THDC India on Tuesday said it has signed a pact with the Maharashtra government for harnessing six PSPs (pumped hydro power storage project) totalling 6,790 MW with an investment of over Rs 33,600 crore. The agreement aims to facilitate the developer in co

CCI gives nod to PE firm General Atlantic to acquire Actis Holdings. The Competition Commission of India (CCI) on Tuesday cleared US-based private equity firm General Atlantic's proposal to acquire a 100 per cent stake in Actis Holdings. Actis Holdings S. r.l is a sustainable infrastructure investor, investing globally in,

US lender Glas Trust not part of insolvency panel of Byju's: Report. Byju's was once a darling of global investors and valued at billion in 2022, but is now facing insolvency due to its dispute with US lenders

'No immediate concerns': SpiceJet after DIAL asks to clear dues at earliest. Delhi airport operator DIAL has asked SpiceJet to clear its dues at the earliest, sources said on Tuesday even as the airline asserted that there are no immediate concerns regarding payments. There was no official comment from DIAL (Delhi International Air

India key market for Syngenta, focus on innovation for farmers: CEO Rowe. Global agricultural company Syngenta considers India one of its most important markets worldwide with a strong focus on bringing innovation to Indian farmers and enhancing food security, according to CEO Jeff Rowe. In an interview with PTI, Rowe highlighte

MK Hamied steps down as Cipla's Vice Chairman on account of age, health. Drug major Cipla on Tuesday said MK Hamied has resigned as Vice Chairman with effect from October 29 due to age and health. "It is with a heavy heart that I write to formally announce my resignation from the position of Vice Chairman and Non-Executive Dir

Maruti Suzuki contributes Rs 3 cr to PM CARES fund for flood relief. Maruti Suzuki India on Tuesday said it has donated Rs 3 crore to the PM CARES fund for flood relief across various states. The company's contribution aims to support the government's relief and rebuilding efforts across the country, the auto major said in

Following demerger, Raymond Lifestyle to add 900 new outlets in three years. Raymond Lifestyle Ltd will be listed on the stock exchanges on September 5 and aims to add 900 new outlets in three years. Following the demerger of its retail and lifestyle businesses, Raymond will have two listed entities. In a release on Tuesday, the co

NCLAT declines to change Finolex's AGM outcome, ousting Deepak Chhabria. The National Company Law Appellate Tribunal has given a go-ahead to the outcome of the AGM of Finolex Cables, wherein shareholders voted against the reappointment of Deepak Chhabria on the company's board. A two-member bench of the appellate tribunal said

BigEndian Semiconductors raises mn in funding led by Vertex Ventures. India's semiconductor sector, despite being home to 20-25 per cent of the global design talent, has historically lacked a significant presence in the global market

Daikin, world's no 1 air-conditioner maker, to expand capacity in India. With its rising middle class, India is one of the world's fastest-growing markets for air conditioners, set to surpass the US to become the second-largest behind China by 2036, according to IEA

Brigade Enterprises launches QIP issue to raise funds up to Rs 1,500 cr. Bengaluru-based Brigade Enterprises plans to raise up to Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to expand business. The company on September 2 launched its Qualified Institutional Placement (QIP) issue to

After 2-year delay, Infosys finally sends joining dates to 1,000 graduates. If Infosys fails to honour commitment and breaches joining date, NITES will organise a protest right in front of its office, said Harpreet Singh Saluja, president of the IT employee union

Hero MotoCorp planning to invest Rs 900 cr in 3-wheeler startup Altigreen. If the transaction goes ahead, this will be the second largest investment by Hero in an electric vehicle (EV) maker

Relief to Tata's IHCL; Delhi HC bars 'Taj Iconic' from using 'Taj' name. Delhi High Court has ordered the MD of Taj Iconic to pay Rs 10 lakh in damages and Rs 5 lakh in costs to IHCL, in a trademark lawsuit filed by the Tata Group

Newly merged Star India-Viacom18 to boast cash reserves of over Rs 19K cr. The newly merged Star India-Viacom18 will have over Rs 19,000 crore in cash reserves, enabling the company to invest in its digital and sports sectors, which may face short-term losses

Mankind Pharma plans Rs 9,000 crore raise for Bharat Serums acquisition. The move will position Mankind as a leader in the gynaecology-fertility segment, with an anticipated market share of around 20%, surpassing Emcure

Munjal Auto gets tax demand notice of Rs 6.7 cr from Haryana GST authority. Munjal Auto Industries is among many companies hit with tax notices within the last week. The company intends to appeal the GST notice

SAT adjourns hearing on Zee's plea against Sebi on fund diversion matter. Plea on alleged fund diversion matter may now be heard later in September

Indians taking 2 or more international trips annually up 32%: MakeMyTrip. The number of Indians travelling abroad in a year twice or more has gone up 32 per cent, according to a report released on Tuesday. Maharashtra, Karnataka, and Delhi lead the charts for international travel searches, as per the 'How India Travels Abroad' R

CCD cafe count falls to 450 in FY24, no of operational vending machines up. The number of Cafe Coffee Day (CCD) outlets declined to 450 in FY24, though the count of operational vending machines at corporate workplaces and hotels increased to 52,581. The number of Value Express kiosks also declined marginally to 265, according to t

WazirX hacker behind 4 mn crypto theft in India starts washing funds. Blockchain intelligence firm Arkham Intelligence highlighted the flows, which underline the difficulty of recovering the digital assets

WazirX hacker behind 4 mn crypto theft in India starts washing funds. Blockchain intelligence firm Arkham Intelligence highlighted the flows, which underline the difficulty of recovering the digital assets

SMFG India Credit eyes Rs 60k cr AUM by 2024-25, to focus on sustainability. Sumitomo Mitsui Financial Group (SMFG) India Credit, one of the leading non-banking financial companies, is eyeing assets under management (AUM) to be Rs 60,000 crore by the end of the current financial year 2024-25. A statement by the company on Tuesday s

BPCL and ONGC to jointly explore setting up a new refinery: Report. BPCL plans to increase its integrated refining and petrochemical capacities within the next five to seven years to meet growing energy demand

SoftBank-backed OfBusiness plans up to bn India IPO for H2 of 2025. The initial public offering is expected to total between 0 million and billion, with about 0 million in new shares and the rest shares offered by existing shareholders to new investors

Nokia signs deal with AT&T after losing network contract to Ericsson. Nokia said the fibre deal with AT&T is "Build America, Buy America-compliant", to meet the requirements of U.S. government funding

Flex spaces record their highest contribution to office leasing in India. In the last five years, the total footprint of flex space operators in India has doubled owing to high demand as well as supply, according to Cushman & Wakefield

Tata-owned Air India to soon provide Wi-Fi facilities on board flights. Air India will soon introduce Wi-Fi on board flights, starting with the A350 aircraft on the Delhi-London Heathrow route. The Tata Group-owned airline, which has embarked on an ambitious transformation journey, on Sunday commenced services between Delhi an

SC seeks Himachal govt's reply on Adani Power plea for Rs 280 cr refund. The bench of Justices M M Sundresh and Aravind Kumar, however, refused to stay the Himachal Pradesh High Court order overturning a single-bench's decision

FSIB recommends Rama Mohan Rao Amara for Managing Director of SBI. FSIB, the headhunter for directors of state-owned banks and financial institutions, on Monday recommended Rama Mohan Rao Amara for the position of managing director of State Bank of India (SBI). Amara is currently Deputy Managing Director of the bank. He w

Adani Green approves pacts for TotalEnergies' 4 mn investment in JV. This comes after the company and the French oil major had inked a 0 million deal to build renewable capacity in India, where the bulk of energy requirements are still met by coal

Vedanta board approves 3rd dividend of Rs 7,821 cr for Rs 20 per share. Anil Agarwal-led Vedanta on Monday approved a third dividend of Rs 20 per share for the current financial year, taking the total dividend payout so far for FY25 to Rs 13,474 crore. On July 26, the board approved a second interim dividend of Rs 4 per equity

'Sebi chairperson Buch is corrupt', alleges Zee's Subhash Chandra. Regulatory official calls allegations "malicious and opportunist"

Infosys initiates formalities for onboarding graduates from 2022-batch. IT company Infosys has initiated the formalities for onboarding engineering graduates from the 2022 batch, and many of them have been intimated about the joining dates and other terms of offer, sources said. While IT union Nascent Information Technology Em

TotalEnergies to make further 4 mn investment in JV with Adani Green. The statement said the new JV company will house a 1,150-megawatt (MW) portfolio, which will comprise a mix of operational and under-execution solar assets, with a blend of both merchant-based and PPA

Horizon Industrial Parks to invest Rs 700 cr to redevelop CWC's warehouses. Logistics platform Horizon Industrial Parks, owned and managed by Blackstone Real Estate funds, will invest Rs 700 crore to redevelop warehouses of state-owned CWC in 13 locations. In a statement on Monday, the company said it has been "chosen as the lead

FSIB recommends Ram Mohan Rao Amara as managing director of SBI. FSIB interacted with nine candidates for selection. It said the recommendation was made "keeping in view their performance in the interface, overall experience, and extant parameters"

Volkswagen considers closure of historic German plant to cut cost. VW has lost almost a third of its stock market value over the past five years, making it the worst performing stock among the major European carmakers

Entrepreneur Siddhartha Yog buys over one mn shares of Trent for Rs 718 cr. Global investor Siddhartha Yog on Monday acquired over 10 lakh shares worth Rs 718 crore of Tata Group retail firm Trent Ltd through an open market transaction. Yog is the founding partner of Xander Group Inc, an emerging markets-focused investment firm th

Sterlite Tech to pay Rs 4 cr to Data Management Centre for settling dispute. Broadband technology firm Sterlite Technologies has agreed to pay USD 4,67,400 (about Rs 4 crore) to the Data Management Centre for dispute settlement, a regulatory filing said on Monday. Data Management Centre had claimed damages worth USD 2.7 million (ab

Ireda plans to raise around Rs 29,500 crore in debt, equity in FY25. The Indian Renewable Energy Development Agency (IREDA) plans to raise around Rs 25,000 crore from the debt market and around Rs 4,500 crore through equity in the current fiscal, a top company official said on Monday. The company's chairman and managing di

Vodafone Idea slapped with Rs 73 cr GST demand orders, penalty, interest. Debt-ridden telecom firm Vodafone Idea has been slapped with demand orders from various GST offices to pay over Rs 73 crore comprising tax dues with penalty and interest, a regulatory filing said on Monday. The company has received nine orders from various

NMDC reports 9.9% drop in iron ore production at 3.07 mn tonnes in August. Country's largest iron ore miner NMDC on Monday reported a 9.9 per cent drop in production of iron ore at 3.07 million tonnes (MT) in August. The company had produced 3.41 MT of iron ore in the corresponding month of the previous fiscal, NMDC said in a reg

Maruti Suzuki cuts price of select Alto K10 & S-Presso modes; details. Maruti Suzuki reported a nearly 3.9 per cent decline in sales for August 2024, with 181,782 units sold compared to 189,082 units in August 2023

E-commerce major Meesho appoints Mohit Rajani as chief product officer. Meesho has distinguished itself from its peers by becoming a prominent choice among the younger generation, with one in every three users under the age of 25.

Adani Energy acquires Khavda project entailing Rs 4,091 cr investment. Adani Energy Solutions on Monday said it has acquired a 298-km special purpose vehicle (SPV) of the Khavda Phase IV Part-A transmission project entailing an investment of Rs 4,091 crore. Khavda IVA Power Transmission Ltd, an SPV, was set up by REC Power De

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