Annamalai, Vasan Appeal to TN Govt to Revoke Electricity Tariff Hike

MCX Launches Electricity Futures to Broaden Commodities Portfolio

Multi Commodity Exchange of India (MCX), India’s leading commodity derivatives exchange and the world’s largest commodity options exchange (FIA, 2024), has announced the launch of its Electricity Futures Contract, effective Thursday, 10 July 2025. The launch follows SEBI’s approval granted in June 2025 and marks a key milestone in India’s energy derivatives landscape.With electricity demand rising and price volatility influenced by seasonal trends, fuel costs, and market fluctuations, the new contract is designed to offer a robust risk management tool to power producers, distribution c..

PIGL Secures Fifth Udaipur Airport Contract, Total Hits Rs 560.36 Mn

Power & Instrumentation (Gujarat) has secured its fifth work order from Nyati Engineering & Construction for the ongoing development of the Udaipur Air Terminal in Rajasthan. The latest contract, valued at Rs 20.59 million, brings the cumulative order value for this project to Rs 560.36 million.The new scope of work includes the design, supply, installation, testing, and commissioning of ELV raceways and cable tray systems. Scheduled for completion within six months from the contract’s effective date, the project underscores PIGL’s ability to deliver complex electrical infrastructu..

Edelweiss Financial Services Launches Rs 3,000 Million NCD Public Issue

Edelweiss Financial Services (EFSL) has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) with a total issue size of up to Rs 3,000 million. The issue comprises a base size of Rs 1,500 million with a green shoe option of an additional Rs 1,500 million.The NCDs, with a face value of Rs 1,000 each, will be offered in 12 series with tenures of 24, 36, 60, and 120 months. Investors can choose from annual, monthly, or cumulative interest options. The effective annual yield ranges from 9.00 per cent to 10.49 per cent.The public issue will open on Tuesday, 8 July 2025, ..