Stocks To Watch On 18 November: Keep an eye on Reliance Power Limited, Reliance Industries Limited, GAIL (India) Limited, KPI Green Energy Limited, and Hero MotoCorp Limited in Monday's trade. Reliance Power has received a show cause notice from Solar Energy Corporation of India Limited for submitting a fake bank guarantee. GAIL has signed a 10-year agreement with Abu Dhabi National Oil Company Gas.
Reliance Power
Reliance Power has received a show cause notice from Solar Energy Corporation of India Ltd for allegedly submitting a fake bank guarantee. According to SECI, one of its subsidiaries provided a bank guarantee issued by the Manila branch of First Rand Bank.
Reliance Industries
The company and Disney completed the transaction to form a joint venture for entertainment brands in India. The company invested Rs 11,500 crore in this venture. The joint venture will be led by three CEOs.
GAIL
The company signed a 10-year agreement with Abu Dhabi National Oil Company Gas for the supply of 0.52 million metric tonnes of NLG annually.
Prestige Estate
Prestige Estate acquires 22,135 sq m of land in Mumbai worth Rs 292 crore for residential development.
Explore Solutions
Its board approved the launch of a new subsidiary company in Saudi Arabia.
SEPC
The board approved raising up to Rs 350 crore through a rights issue.
ACME Solar
Udaipur Directorate General of Goods and Services Tax Intelligence started searches at the company's headquarters in Gurugram, Haryana.
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