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Adani Green Energy will supply the green power from a new renewable energy plant located in Khavda, Gujarat.

The frontline indices closed down more than 2%, with the Sensex plunging 1,769 points to 82,497 and the Nifty falling 547 points to 25,250.

The total cost of the contract amounts to ₹1,847.72 crore, excluding GST charges. The time duration in which the project needs to be completed is set as 48 months.

For the half year ended September 30, 2024, REC has disbursed loans worth ₹90,955 crore, up 20.10% on-year. The quantum of renewable energy loans grew 92.68% on-year to ₹11,297 crore.

The glitch occurred during a time of heightened volatility in the stock market, with both the Sensex and Nifty 50 falling over 2% due to escalating geopolitical tensions and heavy selling pressure.

On Wednesday, Jefferies’ Chris Wood, who has been one of the biggest optimists on the long-term India story, cut his weightage on India by one percentage point and increased it on China by two percentage points.

HPCL shares have snapped their eight day winning streak, while BPCL and IOC are down for the second consecutive day.

Fears of a full-blown Iran-Israel war amid escalating conflicts in the Middle East and new SEBI regulations to curb speculative derivatives trading were among the factors that led to the market fall.

The Nifty is down over 400 points in today’s trading session. From Reliance Industries to HDFC Bank, these are the top contributors to the downside.

From IRFC to Titagarh Rail, these railway stocks have corrected anywhere between 30% to 40% from their peaks in July.