
RIL bags project to develop Mappedu MMLP in Tamil Nadu

UCO, Punjab & Sind Bank Report Strong Q2 Credit Growth
State-owned UCO Bank has reported a 16.6 per cent year-on-year growth in credit to Rs 2.31 trillion for the second quarter of FY26, compared with Rs 1.98 trillion at the end of September 2024, according to a regulatory filing.The Kolkata-based lender also recorded a 10.8 per cent rise in total deposits to Rs 3.06 trillion, up from Rs 2.76 trillion in the same period last year. Its total business increased by 13.2 per cent, reaching Rs 5.37 trillion, compared with Rs 4.74 trillion a year earlier.The bank’s Current Account and Savings Account (CASA) ratio stood at 38.1 per cent of total deposi..

TNPGCL To Transport Coal For Udangudi Power Plant
The Tamil Nadu Power Generation Corporation Limited (TNPGCL) has invited tenders for the road transport of crushed coal from the Thoothukudi Thermal Power Station (TTPS) to the upcoming Udangudi Thermal Power Plant.TNPGCL Managing Director M. Govinda Rao explained that oil is typically used for the initial ignition of boilers and trial operations at new thermal power stations. “This helps the unit generate electricity before the main coal-firing system becomes operational. The first 660 MW unit of the Udangudi Thermal Power Station was synchronised with the state grid on 13 September and pro..

Synergy Capital Buys Saurashtra Fuel’s Mundra Plant
Sudhir Maheshwari-led Synergy Capital has emerged as one of India’s largest independent producers of low-ash metallurgical coke following its acquisition of Saurashtra Fuel’s flagship plant in Mundra, Gujarat.The transaction marks Synergy Capital’s first buyout equity deal in India. The acquisition is intended to strengthen raw material security in the metallurgical coke market, which remains structurally undersupplied. The investment manager is expected to invest Rs 12 billion over the next three years to acquire the plant from its promoters, the Agarwalla and Sinha families. Including ..