|Bid||0.1030 x 0|
|Ask||0.1030 x 0|
|Day's range||0.1020 - 0.1050|
|52-week range||0.0780 - 0.1310|
|Beta (5Y monthly)||1.32|
|PE ratio (TTM)||N/A|
|Earnings date||12 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||25 Apr 2018|
|1y target est||0.10|
India has asked power producers to bill electricity buyers every week to ensure adequate cash flow as costs surge due to higher imports of expensive coal, according to a federal power ministry letter seen by Reuters. A scorching heatwave and the lowest fuel inventories at power plants in years have forced India to reverse a policy to slash coal imports. The move could put further pressure on power distribution companies that are saddled with debt and already owe billions of dollars to generators.
French construction materials giant Saint-Gobain has signed a long-term renewable power supply deal with Singapore-listed Sembcorp for its manufacturing facilities in southern Tamil Nadu state, the companies said on Tuesday. "Sembcorp will supply 33 MW of locally sourced renewable power to Saint-Gobain's manufacturing facilities in Sriperumbudur, Perundurai and Tiruvallur, over the next 25 years," the companies said in a joint statement. Under the deal, Sembcorp will supply wind and solar energy to Saint-Gobain through a special purpose vehicle, in which Sembcorp's Indian green energy unit will hold a 74% stake, with the remainder being held by Saint-Gobain, the companies said.
The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** German construction group Hochtief wants to completely take over its Australian subsidiary CIMIC Group Ltd , Chief Executive Marcelino Fernandez Verdes said. ** Spanish billionaire and Zara founder Amancio Ortega has agreed to pay 215 million pounds ($270 million) to buy one of the largest single-office buildings in Scotland from HFD Group, his private office said. ** The German government has stopped a Chinese company from purchasing a German medical device manufacturer, citing public safety concerns, German daily Handelsblatt reported.