The acquisition is being done to meet green energy needs.
The bidding process will be conducted on PNB's e-auction portal on July 16, 2022.
The meeting themed 'Roadmap for Circular Economy in Steel Sector' was held in Tirupati.
SBI has also revised by up to 0.20 per cent the marginal cost of fund-based lending rates (MCLR) with effect from June 15, 2022.
Adani has diversified beyond their core business of operating ports, power plants and coal mines into airports, data centres and clean energy.
The total loan book of AHFCs stood at Rs. 66,221 crore on December 31, 2021.
This move is in line with other lenders including SBI and Bank of Baroda.
The prices for energy have increased drastically within a few days.
The step is aimed at strengthening the capital base mainly of small housing finance companies (HFC).
The company is primarily engaged in the manufacturing of cement as its core business activity.
Performance of the company was marginally impacted due to unprecedented situation arising out of the pandemic.
Its revenue from operation in the fiscal stood at Rs. 42,124.83 crore. It was Rs. 41,608.81 crore in 2018-19.
Nuvoco Vistas operates cement manufacturing units in Chhattisgarh, Jharkhand, West Bengal, Rajasthan and Haryana.
The steel demand from the construction and real estate sectors could take some time to return to the pre-COVID-19 levels.
Over 60 per cent of dealers are holding low inventories (2-4 days), but spoilage concerns persist
Increase in the essential materials of construction will further deepen the crisis
They had received queries over the possibility of the said deal not progressing further in the backdrop of the current circumstances due to the COVID-19 pandemic
The company has been allowed to re-open with the condition that it shall comply with all the government led norms and safety measures
Cement dealers are in shock and uncertainty. People who have booked the cement before lockdown and have made the payments will now not give the increased amount, thus making clear losses for the dealers.
