TopNews

Infrastructure major Hindustan construction company (HCC) announced that it has pocketed an engineering, procurement and construction contract (EPC) valued at Rs 431 crore from Himachal Pradesh Power Corporation (HPPCL).

The 100 MW Sainj hydroelectric project, about 52 Km from Kullu, is to be finished within 48 months.

Mr. Vinayak Deshpande, president and chief operating officer of HCC stated, "The contracts demonstrate HCC's EPC expertise in the hydel power development sector."

The Ambani brothers, Mukesh and Anil-led Companies have inked a Gas Sharing Master Agreement (GSMA) within the specified six months by the Supreme Court that annulled their disputed previous private agreement, stating that natural resource was a national resource.

In separate filing in the stock exchanges, both RNRL and RIL had signed the Gas Sharing Master Agreement.

Jeera July contract gained Rs 89 and settled at Rs 12380 a kg on a decline in arrivals towards the end of the season, good spot demand and lower stocks. Farmers are not releasing their produce as they are waiting for a good jump in the prices. Good demand is coming from local buyers. At Unjha spot market, jeera gained 125 rupees to 12,578 rupees per 100 kg. The contract made intraday low of Rs 12300 a kg and high of Rs 12457 a kg. Support for jeera is at 12301 below that could see a test of 12222. Resistance is now seen at 12458 above that could see a resistance of 12536.