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Rhea Bhatia

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MTAR Tech rebounds 10% on Bloom Energy project clarity; here's what the management said

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By Rhea Bhatia
| MSN India Verified
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Here's how the government's latest move on E22-E30 fuels benefits sugar companies

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By Rhea Bhatia
| MSN India Verified
Shares of sugar companies like Balrampur Chini Ltd., Dhampur Sugar Ltd. and others gained up to 4%, while ethanol-focused firms such as Praj Industries opened higher but gave up gains on Thursday, June 11, after the Centre exempted higher ethanol-blended petrol variants from excise duties, a move aimed at accelerating ethanol adoption and boosting demand for biofuels. What Is The Latest Government Decision On Excise Duty?
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Stock crash: MTAR Tech shares drop 11% as key customer faces setback in 1.8 GW data centre project

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By Rhea Bhatia
| MSN India Verified
Rhea Bhatia Shares of MTAR Technologies Ltd. fell as much as 11% on Thursday, June 11, after concerns emerged around a major data centre project linked to its key customer, Bloom Energy. The development follows an announcement by Crusoe Energy that it has put its planned 1.8 GW data centre project on hold at the request of its customer. The facility was expected to be powered by a combination of Bloom Energy's fuel cells and grid electricity.
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