Sterling and Wilson Renewable Energy shares saw a significant jump on Thursday. The company announced it secured a major international project in South Africa. This new contract is for a 240 MW AC Solar PV project valued at approximately $147 million. This win strengthens the company’s position in the growing South African solar market.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.