Naveen Jindal-promoted JSPL acquired Monnet Power for a captive purpose. The 1,050 MW Monnet Power plant is located next to JSPL’s Angul steel plant in Odisha, making the acquisition synergistic, the people cited above said.
European markets rallied as declining oil prices broke a three-week slump. Despite lingering investor caution due to geopolitical tensions in the Middle East and rising
US Treasury yields fell slightly while oil prices decreased following hopes for a US-Iran truce. Stock markets remained strong, driven by optimism in the AI
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