State Maharashtra Financial News

Bharat Heavy Electricals Ltd (BHEL) on Saturday said that it has secured an order worth Rs 8,000 crore from Maharashtra State Power Generation Company Limited (Mahagenco). The order is for a 2x660 (1320) MW BTG (boiler turbine generator) package of Koradi Thermal Power Station which includes supply of equipment, erection & commissioning and civil works, a BSE filing stated.

Subscribe to enjoy similar stories. Mumbai: Maharashtra State Electricity Distribution Company Ltd (MSEDCL) will restructure its operations to manage debt and enhance its appeal to investors ahead of its planned public listing next fiscal year, its top official said. Also called Mahavitaran, the state government-owned power distributor will be split into two entities, with one taking over electricity supply to the farm sector along with ₹75,000 crore in outstanding dues from farmers, Lokesh Chandra, the chairman and managing director of MSEDCL, said.

Subscribe to enjoy similar stories. Mumbai: When Maharashtra decided to change how it prices power, the idea was simple: Prepare for an expected burst in solar power in the coming years with a model for its efficient use. However, its solution has worried the industry, which fears disruption in the way it does business and raises the cost of power in the country's fifth-largest solar power state.

Maharashtra State Legal Service Authority (MSLSA) is organising a Lok Adalat in the state tomorrow, March 22, 2025, in Mumbai and also across all the other three benches of the Bombay High Court, namely Nagpur, Aurangabad, and Panaji (Goa), from 10 am onwards. In addition to this, these Lok Adalats will also be conducted across all Maharashtra state district courts and family courts. Daman and Diu also have their Lok Adalat scheduled for tomorrow.

Aaditya Thackeray on Tuesday demanded the dismissal of the Devendra Fadnavis-led government and imposition of President's rule in Maharashtra in view of the «deteriorating» law and order situation in the state. He was speaking to reporters here in the wake of the resignation of state minister and NCP leader Dhananjay Munde, days after his close aide Walmik Karad was named as the mastermind in the Beed sarpanch murder case. He said only Munde's resignation was not sufficient considering the law and order situation in the state. Deshmukh, the sarpanch of Massajog village in Beed, was abducted, tortured and murdered on December 9 last year allegedly for attempting to stop an extortion bid targeting an energy company in the district. Talking to reporters, Thackeray said, «Resignation (of Munde) is not enough. The government should be dismissed and President's rule should be imposed in the state.» The former minister also cited recent instances of crime against women like the rape of a 26-year old woman in a Maharashtra State Road Transport Corporation (MSRTC) bus in Pune and the setting ablaze of a 17-year-old girl in Mumbai. «Law and order situation in the state has been deteriorating since the last three years. If the government is not dismissed, who will come to Maharashtra for investment, how will citizens be safe?» he asked.

RBL Bank shares will be in focus on Tuesday after the private sector lender confirmed that Maharashtra State GST officials conducted searches at three of its offices under Section 67 of the Maharashtra Goods and Services Tax (MGST) Act, 2017. The bank stated that the proceedings are ongoing and that it is fully cooperating with authorities by providing the requested data.

Ajit Pawar on Saturday warned of a stern action against those who vandalised public property following the alleged rape of a woman inside a state transport bus in Pune. The 26-year-old victim was raped inside a parked bus of the Maharashtra State Road Transport Corporation (MSRTC) at the Swargate bus stand located in the heart of the city in the early hours of Tuesday. The next day, local Shiv Sena (UBT) leader Vasant More and his party workers vandalised the security cabin at the Swargate bus depot to protest against the incident. Speaking to reporters here, Pawar said action will be taken against those who damaged public property. «Let the probe get over and let the facts come to the fore. After that, action will be taken against those who vandalised public property. They will not be spared. Does anyone damage his own house's window panes if an accused is not arrested?» he asked. «Even the court had made it clear in the past that if anyone resorts to vandalism of public property, then damages should be recovered from these party workers or the party,» he said.

pro-Kannada activists, Sarnaik said on Saturday.

Subscribe to enjoy similar stories. New Delhi: The Maharashtra state government and Union ministry of health and family welfare have together started household surveys in Pune, which is seeing a surge in Guillain-Barré Syndrome (GBS) cases across the city. As part of the initiative, water, sewage and food samples are being picked up to find the root cause of the rare neurological condition, which remains unknown because epidemiologists are unable to figure out the etiological or causatory link for GBS, state government officials aware of the matter said.

Tata Steel, Bajaj Auto, Cipla, ITC, Coal India among others will be in focus due to various news developments and third quarter results. Tata Steel Tata Steel on Friday reported a 36% year-on-year fall in its December quarter consolidated net profit at Rs 327 crore versus Rs 513 crore posted in the year ago period.

Maharashtra State Road Transport Corporation (MSRTC) came into operation on Saturday.

Shapoorji Pallonji Group firm Afcons Infrastructure’s shares surged 3.5% in early trade to a high of Rs 496.70 on the BSE on Tuesday, January 14, as the company emerged as the lowest bidder (L1) for the Rs 4,787.20 crore tender floated by the Maharashtra State Road Development Corporation (MSRDC). The civil construction company has been selected for two projects to construct the access-controlled Pune Ring Road (East) Packages PRR E5 and E7. Both projects are to be completed within 36 months.

state government employees specific days off throughout the year, as authorized by Section 25 of the Negotiable Instruments Act of 1881. In Maharashtra, only banks will have a holiday on Tuesday, April 1, 2025, solely to close their annual accounts. Government offices are exempt from this holiday. Also Read: Andhra Pradesh public holidays 2025 announced: Check Andhra Pradesh state government holiday list for 2025

Shakti Pumps will be in focus after the company received a Letter of Empanelment from Maharashtra State Electricity Distribution Company (MSEDCL) for 25,000 standalone off-grid DC solar photovoltaic water pumping systems, collectively worth Rs 754.30 crore. Under this Letter of Empanelment, the company will receive a series of orders from MSEDCL over the next year. The stipulated timeline of 60 days for executing these orders will commence from the date each work order is issued.

Maharashtra CM LIVE updates: Amid speculations of whether Devendra Fadnavis would be the next Maharashtra Chief Minister, the state's caretaker PM Eknath Shinde said he “fully supports" BJP's decision in the matter.Despite the Mahayuti's landslide victory, the BJP has remained silent on the announcement of the next Chief Minister. However, the party is reportedly under pressure from its MLAs, many of whom are advocating for the Chief Minister to be from the BJP.

Maharashtra state has decided to extend the deadline for filing of audited accounts by specified trusts who are registered under the Maharashtra Public Trust Act (earlier known as Bombay Public Trust Act). The deadline has been extended to December 31, 2024, for FY 2023-24. The state government announced the extension in a circular dated November 26, 2024. In Maharashtra, trusts are required to file audited statements of accounts with the assistant charity commissioner's office if their annual income exceeds a specified limit. Once the accounts are prepared, they need to be audited by a chartered accountant. It can be uploaded/ filed on the charity.maharashtra.gov.in website only after this auditing is complete.

Subscribe to enjoy similar stories. As expected in the previous day's market commentary, the Indian benchmark index Nifty50 opened with a strong gap-up, taking cues from the Maharashtra state election and positive global sentiment. The index opened 346-point higher at 24,253, registered an intraday high at 24,351, and closed at 24,222.

Subscribe to enjoy similar stories. The thumping victory of the Bharatiya Janata Party and its allies (Mahayuti) in Maharashtra assembly election means political stability with more synchronization of economic policies between the Centre and the state. The Mahayuti coalition’s promise of increased focus on planned urban development in Mumbai bodes well for real estate developers, construction, and infrastructure stocks.

Cochin Shipyard and Oil & Natural Gas Corporation (ONGC) along with Naukri-operator Info Edge among a host of other companies are likely to remain in focus today as they are approaching their ex-date, November 19, for the purpose of payment of the dividend to its eligible shareholders. This means today is the last day to buy shares of these companies to qualify for the announced dividends.

Sunkind on Monday announced securing a solar energy project of 10.4 MW capacity from the government of Maharashtra. The project has been awarded by Maharashtra State Power Generation Company Limited (Mahagenco) under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY 2.0 scheme), the renewable energy player said in a statement. The project specifically includes a 10.4 MWp capacity ground-mounted solar PV technology grid interactive distributed agriculture feeder solarization system, to be implemented at Satmane, Nashik. Sunkind, as the EPC contractor, will provide wide-ranging installation services for the entire solar power system, with the final ownership to be transferred to Mahagenco.

These consultations aim to refine the proposed amendments to the Waqf Act, which governs the management of over 600,000 registered waqf properties across the country. The first stop of the JPC's nationwide consultation will be held in Mumbai on September 26. The committee will meet with representatives from the Government of Maharashtra, the Ministry of Minority Affairs and the Maharashtra Waqf Board.