Chandigarh-based Beckons Industries Ltd said it signed an agreement with Hong Kong-based Jilani International for transfer of its algae technology to south Asian countries such as China, Taiwan, Hong Kong, Singapore and British Indian Ocean territory. No financial details were provided.
According to the agreement, Jilani will also participate financially in the promotion of this technology. Algae oil is the main feedstock to produce green biofuel (biodiesel and bioject fuel). Beckons Technology will not only help in producing alternate sources of energy, but also generate tax free carbon credits and reduce the threat of global warming, the company said in a regulatory filing.
On Tuesday, Beckons Industries shares closed 3.3% down at Rs7 on the Bombay Stock Exchange, while the Sensex ended at 1% up at 17,614 points.
State-run National Thermal Power Corp Ltd (NTPC) said it signed production sharing contracts (PSCs) with the government of India for oil and gas exploration blocks awarded under eighth round of bidding under the new exploration licensing policy (NELP-VIII).
NTPC will have a 100% participating interest and operate an onland block in the Cambay basin in western India, while it will hold a 10% interest in three other blocks in other regions, the company said in a regulatory filing.
On Tuesday, NTPC shares closed 0.6% up at Rs201 on the Bombay Stock Exchange, while the Sensex ended at 1% higher at 17,614 points.
Chennai-based education services company, EdServ Softsystems Ltd said it will open its qualified institutional placement (QIP) issue on 9th July.
The minimum floor price for the QIP issue has been fixed at Rs205 per share, higher than the price calculated as per Securities and Exchange Board of India (SEBI) (Issue of Capital and Disclosure Requirements) Regulation 2009. The proceeds of the QIP issue will be utilised to fund the company's plans in the schools segment.
The company plans to invest in several schools this year. The company shall decide on the closing date in due course.On Tuesday, EdServ Softsystems shares closed 3.4% down at Rs210 on the Bombay Stock Exchange, while the Sensex ended at 1% up at 17,614 points.