Adani Green Energy in spotlight after winning tender

Adani Green Energy announced that it won tender for setting up 300 MW wind generation project to be set up anywhere in India and connected through Inter State Transmission System (ISTS). The tender was floated by Solar Energy Corporation of India (SECI) and which shall also be the PPA counterparty. The fixed PPA tariff is Rs. 2.76/kWh for a period of 25 years. Project is expected to be commissioned by Q2 FY2021. With this, AGEL's portfolio of renewable generation capacity in India now stands at 3.50 GWac with 1.96 GWac operational projects and balance 1.54 GWac in development stage. The announcement was made after market hours yesterday, 25 September 2018.

Glenmark Pharmaceuticals announced that its board will meet on 28 September 2018, to consider buybacks of any part of its Singapore listed foreign currency convertible bonds, being, its $200 million 2% resettable onward starting equity linked securities due 28 June 2022 issued in 2016 ("FCC Bonds") and / or, its $200 million 4.5% senior notes due 2021 issued in 2016 ("FCY Bonds"), based on market opportunities and conditions from time to time and to delegate powers to operations committee. The operations committee, based on market opportunities and conditions, will hold meetings during the next one month to consider and approve the terms and conditions of any tenders or buybacks. The announcement was made after market hours yesterday, 25 September 2018.

Minda Industries announced that its board approved an investment for setting up a new manufacturing plant of 2 wheeler alloy wheel in Maharashtra, for supplies to OEMs. The outlay of the project is approved for Rs 500 crore, which will be completed in two phases. In the first phase, Rs 300 crore will be undertaken within two years and thereafter the second phase will be undertaken. The start of production is expected from November 2019. The announcement was made after market hours yesterday, 25 September 2018.

Blue Dart announced major expansion plans to deliver to every Indian home by December 2018, amidst rising demand for deliveries in tier II, III & IV towns in India. The initiative is one of the biggest drives undertaken to expand Blue Dart's reach to every corner of India and aims to reach 19,100+ pin codes by December 2018. The announcement was made after market hours yesterday, 25 September 2018.

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