MSP Steel & Power (NSE:MSPL, BOM:532650) has entered into a 25-year power purchase agreement with Elevate Solar Energy to procure electricity from a contracted 10 MWp solar capacity.
The power will be supplied under a group captive arrangement at a fixed tariff of 3.17 rupees per unit, according to a stock exchange filing.
The allocation is part of a larger 70 MWp solar project being developed in Chhattisgarh, India, of which 10 MWp has been earmarked for MSP Steel's captive use.
Singapore has welcomed the signing of a memorandum of understanding between the U.S. and Iran to end hostilities and establish a framework for further negotiations, according to an official statement by the Ministry of Foreign Affairs on Thursday.The ministry commended the mediatory role played by Pakistan and Qatar to broker an interim deal between the two sides, while also welcoming the commitment to reopen the Strait of Hormuz.U.S. President Donald Trump signed the deal in France during the G7 summit, while the president of Iran, Masoud Pezeshkian, signed the document on Wednesday.
Keppel (SGX:BN4) bought back 200,000 shares in the open market on Wednesday for nearly SG$2.3 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased over 11 million shares under its existing buyback mandate.
Teco Electric and Machinery (TPE:1504) TECNOS International Consulting acquired the right to use office space in Taipei, Taiwan, for NT$22.4 million, according to a Thursday Taiwan Exchange filing.Shares gained about 2% in Friday's late morning trade.The assets will be purchased from related party Tong-An Assets Development & Management.The lease term runs from July 1, 2026, to June 30, 2032, and the office space will be used to meet operational requirements.