Independent directors at Power Finance Corporation Ltd. (PFC) have raised significant concerns about a recent loan approval to the Shapoorji Pallonji Group (SP Group). The loan, amounting to approximately ₹20,000 crores, has prompted scrutiny due to its allocation and collateral details. The issues are expected to be discussed in a board meeting scheduled for August 6, according to sources…
RVNL’s (NS:RAIV) stock saw a notable uptick on Tuesday morning, rising over 2% to reach an intraday peak of ₹626. This increase follows the company’s recent announcement of securing a substantial ₹739 crore contract from the Himachal Pradesh State Electricity Board.
The contract involves the “development of distribution infrastructure in the central zone of Himachal Pradesh” under the…
