Latest news with #ListingRegulations
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Business Standard
2 days ago
- Business
- Business Standard
Reliance Infrastructure receives NCLAT breather from insolvency proceedings
The National Company Law Appellate Tribunal (NCLAT) Delhi bench on Friday stayed insolvency proceedings against Reliance Infrastructure. A bench of the National Company Law Tribunal (NCLT) had directed the initiation of insolvency proceedings against the company on a plea by IDBI Trusteeship, alleging a default of around ₹90 crore by the Anil Ambani-led company. Reliance Infrastructure, however, told the appellate tribunal that all outstanding dues, including interest, had been fully paid. Taking note of the submission, the NCLAT granted IDBI Trusteeship time to reconcile the payments with its records and posted the matter for hearing on August 27. "In continuation of our earlier letters dated June 4, 2025, and June 6, 2025, and pursuant to Regulation 30 of the Listing Regulations, we wish to inform that in the appeal filed by the Company, the Hon'ble National Company Law Appellate Tribunal, New Delhi (NCLAT), today in furtherance of the order dated June 4, 2025, wherein the order dated May 30, 2025, was suspended, has been pleased to stay the order dated May 30, 2025, and the Corporate Insolvency Resolution Process against the Company. The next date in the matter is August 27, 2025. The order of the Hon'ble NCLAT shall follow upon receipt of the same. We request you to take the same on record," Reliance Infrastructure told the stock exchanges.
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Business Standard
2 days ago
- Business
- Business Standard
NCLAT stays insolvency proceedings against Reliance Infrastructure
The National Company Law Appellate Tribunal (NCLAT) Delhi bench on Friday stayed insolvency proceedings against Reliance Infrastructure. A bench of the National Company Law Tribunal (NCLT) had directed the initiation of insolvency proceedings against the company on a plea by IDBI Trusteeship, alleging a default of around ₹90 crore by the Anil Ambani-led company. Reliance Infrastructure, however, told the appellate tribunal that all outstanding dues, including interest, had been fully paid. Taking note of the submission, the NCLAT granted IDBI Trusteeship time to reconcile the payments with its records and posted the matter for hearing on August 27. "In continuation of our earlier letters dated June 4, 2025, and June 6, 2025, and pursuant to Regulation 30 of the Listing Regulations, we wish to inform that in the appeal filed by the Company, the Hon'ble National Company Law Appellate Tribunal, New Delhi (NCLAT), today in furtherance of the order dated June 4, 2025, wherein the order dated May 30, 2025, was suspended, has been pleased to stay the order dated May 30, 2025, and the Corporate Insolvency Resolution Process against the Company. The next date in the matter is August 27, 2025. The order of the Hon'ble NCLAT shall follow upon receipt of the same. We request you to take the same on record," Reliance Infrastructure told the stock exchanges.
Economic Times
3 days ago
- Business
- Economic Times
PNC Infratech shares rise 5% after emerging as lowest Bidder for NHPC solar power project
Shares of PNC Infratech jumped 5% to Rs 327 in Thursday's trading session after the company announced it had been declared as one of the Lowest (L1) Bidders for a significant renewable energy project floated by NHPC Limited. ADVERTISEMENT On July 16, 2025, the company announced through an exchange filing under SEBI's Listing Regulations that it had secured a key allocation in NHPC's large-scale tender for 1,200 MW of ISTS-connected solar power projects, combined with 600 MW/2400 MWh of energy storage systems (ESS). The contract was awarded via the Tariff-Based Competitive Bidding (TBCB) process at a quoted tariff of Rs 3.13 per kWh. As part of this tender, PNC Infratech has been awarded a 300 MW solar project, along with a 150 MW / 600 MWh energy storage system, to be developed anywhere in India under ISTS guidelines. The award was finalized via an online reverse auction held on 15th July 2025. Awarding Agency: NHPC Limited (as Renewable Energy Implementing Agency) Project Size: 300 MW solar + 150 MW / 600 MWh energy storage Quoted Tariff: Rs 3.13/kWh Execution Timeline: Project supply to begin within 24 months from PPA signing; PPA tenure is 25 years This win marks another strategic step for PNC Infratech in the clean energy space, aligning with India's accelerating push toward renewable energy capacity expansion. The stock had touched its 52-week high of Rs 534 on 16th July 2024, while the 52-week low stands at Rs 240, indicating a wide trading range over the past year. From a technical standpoint, the stock is in a bullish zone, trading above all 8 key Simple Moving Averages (SMAs) — from the short-term 5-day SMA to the long-term 200-day SMA. This alignment typically reflects sustained upward momentum and continued investor confidence in the stock's price action. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
PNC Infratech shares rise 5% after emerging as lowest Bidder for NHPC solar power project
Shares of PNC Infratech jumped 5% to Rs 327 in Thursday's trading session after the company announced it had been declared as one of the Lowest (L1) Bidders for a significant renewable energy project floated by NHPC Limited . On July 16, 2025, the company announced through an exchange filing under SEBI's Listing Regulations that it had secured a key allocation in NHPC's large-scale tender for 1,200 MW of ISTS-connected solar power projects, combined with 600 MW/2400 MWh of energy storage systems (ESS). The contract was awarded via the Tariff-Based Competitive Bidding (TBCB) process at a quoted tariff of Rs 3.13 per kWh. Explore courses from Top Institutes in Select a Course Category CXO Data Science Digital Marketing Others MCA healthcare Degree Finance Leadership Data Science others MBA Healthcare Project Management Public Policy Technology PGDM Data Analytics Operations Management Management Product Management Artificial Intelligence Cybersecurity Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details As part of this tender, PNC Infratech has been awarded a 300 MW solar project, along with a 150 MW / 600 MWh energy storage system, to be developed anywhere in India under ISTS guidelines. The award was finalized via an online reverse auction held on 15th July 2025. Key Details of the Award: Awarding Agency: NHPC Limited (as Renewable Energy Implementing Agency) Project Size: 300 MW solar + 150 MW / 600 MWh energy storage Quoted Tariff: Rs 3.13/kWh Execution Timeline: Project supply to begin within 24 months from PPA signing; PPA tenure is 25 years This win marks another strategic step for PNC Infratech in the clean energy space, aligning with India's accelerating push toward renewable energy capacity expansion. Price and Technical Overview The stock had touched its 52-week high of Rs 534 on 16th July 2024, while the 52-week low stands at Rs 240, indicating a wide trading range over the past year. From a technical standpoint, the stock is in a bullish zone, trading above all 8 key Simple Moving Averages (SMAs) — from the short-term 5-day SMA to the long-term 200-day SMA. This alignment typically reflects sustained upward momentum and continued investor confidence in the stock's price action.
Mint
4 days ago
- Business
- Mint
Zomato Q1 Results: Eternal board to meet on THIS date to consider June quarter results; check details
Zomato Q1 Results: Deepinder Goyal-led food delivery platform Eternal Ltd informed exchanges today, July 16, that its board will meet next week to consider the financial results for the first quarter of the financial year 2025-26 (FY26). The company told exchanges that its board meeting to consider and approve the Q1 FY26 results for the quarter ended on June 30, 2025 will be conducted on Monday, July 21. 'Pursuant to Regulation 29 of Listing Regulations, we wish to inform you that the meeting of the board of directors of the Company is scheduled to be held on Monday, July 21, 2025, to inter-alia, consider and approve the unaudited financial results (standalone and consolidated) of the Company for the quarter ended June 30, 2025,' Eternal said in an exchange filing.
