International Business

Power Finance Corp up 3%

The stock gained 3.2 per cent to Rs 253.80 after the company announced that it entered a joint venture agreement with NTPC, Power Grid Corporation of India and Rural Electrification Corporation for formation of a public limited company. - Pratibha Industries bags Rs 59 cr worth NTPC order - Shinde asks power cos to start work on coal blocks in two yrs - MP drops demand of land from BHEL - Govt formally issues EGoM decision taken last month on KG-D6 allocation - TN seeks 75% power from upcoming projects - NTPC working on coal mines allotted by govt The aforesaid agreement has been signed for incorporating a joint venture company with equal equity contribution (25 per cent each) from all the four PSUs. The joint venture company will carry out the business of energy efficiency, energy conservation and climate change.

Same Day Loan commented:

Such news of joint venture has given such good result . It shows that such joint venture is really going to creat magic.

03.12.2011

quick loan commented:

The information is too elaborative I personally think that it is helpful for everyone. I appreciate for the writers efforts for this post.

13.03.2012


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

News of the day
China's SAIC and GM form auto JV
Shanghai Automotive Industry Corporation Group (SAIC) and General Motors, US, today announced the formation of a 50:50 joint venture exclusively to cater to the Indian market and to South East Asian countries. The new company will be called General Motors SAIC Investment Ltd (GMSIL) and will be based in Hong Kong.
Popular Articles

A V Rajwade: Financial regulation - The US model
A V Rajwade / New Delhi September 26, 2009, 0:41 IST

'Our gas price is fair, our costs are competitive'
RIL Director PMS Prasad addresses the many charges laid at the company’s door