Reliance Media World Ltd, a division of the Reliance ADA Group, said it plans to build a multi-media entity that would offer marketers integrated solutions for their business needs.
The business verticals of the group including radio (Big 92.7 FM), out of home (Big Street), experiential marketing (Big Live) and the mobile and online space (Big Digital) are now being brought together to deliver offer clients a multi-media product.
The Mumbai-based company has already received Board approval for the same and is waiting for regulatory approvals, post which we will be known as Reliance Broadcast Network.
On Thursday, Reliance Media World shares ended 5% higher at Rs77 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.9% up at 17,616 points.
Gammon Infrastructure Projects Ltd said its special purpose vehicle (SPV), Punjab Biomass Power Ltd has started its first biomass based plant of 12 MW at Patiala and is exporting power to the state grid.
The plant in which the company has 50% stake has been designed to use biomass fuel such as rice straw or husk and has sufficient stocks of fuel to operate till the next harvesting season, beginning from September, it informed Bombay Stock Exchange (BSE).
The SPV has entered a 20 years power purchase agreement (PPA) with Punjab State Electricity Board. As per the PPA, the current tariff for sale of power is Rs4.24 per unit of power.
On Thursday, Gammon Infra shares ended 2% higher at Rs28 on the BSE, while the benchmark Sensex closed 0.9% up at 17,616 points.
Reliance Power Ltd said its second unit of Rosa Power plant started producing power and the same has been synchronised with the Uttar Pradesh state grid.
The Mumbai-based company's first unit of 300 MW of the project was synchronised to the grid on 28 December 2009. Rosa Power Supply Co, the unit of Reliance Power is setting up 1,200 MW project in Shahjahanpur district of Uttar Pradesh, it said in a filling to the Bombay Stock Exchange (BSE).
On Thursday, Reliance Power shares ended 0.7% up at Rs175 on the BSE, while the benchmark Sensex closed 0.88% up at 17,616 points.