6:00 PM Mumbai – Adani Power increased its power generation capacity to become the largest private power generator. BS Ltd won orders of Rs722 crore from electric utilities. Crompton secured news export order worth $29 million. Sobha Developers sales in fourth-quarter surged 20%.
The Sensex Index dropped 149.57 or 0.7% to close at 22,359.50. The CNX Nifty dropped 41.75 to close at 6,694.35.
Gainers & Losers
Adani Power Limited
soared 4.6% to Rs 54.05 after the company’s overall power generation capacity increased to 8,620 megawatt. And the company claimed to be the largest private power producer in the nation.
surged 13.6% to Rs 14.25 after the company won several orders to the tune of Rs 722 crore from power utilities.
Crompton Greaves Limited
rose 1% to Rs 156.80 after the company secured news order worth $29 million to supply of three power transformers to install in Java and Sumatra islands.
Sobha Developers Ltd
gained 1.2% to Rs 383.10 after the home builder said total sales in the fourth-quarter ending in March 2014 surged 20.5% to Rs 605.10 crore. The company also estimated higher sales in the current fiscal year.
increased 1.4% to Rs 351.20 after the company said five projects at the company’s chemical complex at Dahej, Gujarat have been commissioned and capitalized in March.
Steel Strips Wheels Ltd
climbed 3.3% to Rs 152.75 after the company said it has secured patent on disc forming process in India.