DSIJ Mindshare

NHPC shares rallied up to 8 per cent as the company received approval for investment in Chenab valley power project from the Cabinet Committee and acquisition of Lanco’s Teesta hydro project.

India’s second largest telecom company, Bharti Airtel Limited reported in an exchange filing that GIC Pte, acting in concert with the Government of Singapore and the monetary authority, will subscribe to shares worth Rs. 5,000 crore in its proposed rights issue.

Himachal Futuristic Communications (HFCL) informed the bourses on Wednesday that is has secured a purchase order worth Rs. 117 crore from Tata Project for the supply of Optical Fibre Cables (OFC) for creating OFC Network Infrastructure under Bharat Net Phase-II Project in the state of Chhattisgarh.

The construction arm of Larsen & Toubro bagged several distinguished contracts for its Buildings & Factories, Metallurgical & Material Handling and GeoStructure business segments.

The stock of ABB India was buzzing in the morning session as investors breathed a sigh of relief from the fact that the company would be carving out its domestic transmission and distribution business into a separate entity. The stock was up 3 per cent.