The deal will be a share-swap arrangement that will see GEPIL demerge its boiler manufacturing facility in Durgapur to JSW Energy, and the JSW entity will issue 10 equity shares for every 139 shares held by GEPIL shareholders.JSW Energy, the holding company of JSW Group's power business, will acquire the boiler manufacturing unit of GE Power India (GEPIL) through a strategic demerger, in order to ...

Texmaco Rail & Engineering share price gained 3 percent in the opening trade on September 19 following the order win from UltraTech Cement for BCFC Wagons, Brake Van.At 09:19am, Texmaco Rail and Engineering was quoting at Rs 152.05, up Rs 4.65, or 3.15 percent, on the BSE.Ultratech Cement has awarded an order of Rs 86.85 crore to the company for BCFC Wagons along with Brake Van to be delivered by ...

John Cockerill India share price rose in the early trade on September 18 following the major contract win from Tata Steel.At 09:19am, John Cockerill India was quoting at Rs 5,083.05, up Rs 25.50, or 0.50 percent, on the BSE.Tata Steel has awarded a contract to John Cockerill India for the engineering, design, manufacture, and supply of a state-of-the-art push-pull pickling line and spray roaster-a...

Shares of Adani Group companies including Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas surged up to 10 percent on September 19 after regulatory Securities and Exchange Board of India (SEBI) gave the conglomerate and its founder, Gautam Adani, a clean chit in the stock manipulation case triggered by US-based short seller Hindenburg Research.What Sebi said?In two detailed orde...

The Nifty 50 gained for the third consecutive session on September 18, closing above 25,400 with a 93-point gain, following the Fed funds rate cut. The momentum remains firmly in favour of the bulls but some consolidation can't be ruled out before the next leg of the upmove begins. The 25,500 level is now the next key hurdle, where a long falling resistance trendline is placed. Sustaining above th...