PRE-MARKET INDIAN STOCKS NEWS: RBI tightened FX position rules

Bank of Baroda (BOB IS) – Co. said the Government of Madhya Pradesh revoked a five-year ban on the bank conducting state government business within 24 hours of issuing the initial order. (Moneycontrol)

Coal India (COAL IS) – Co. received a Letter of Award from Telangana Power Generation Corporation for a 750MWh BESS project at a tariff of INR 3.14lakh per MW per month, with project cost of INR 10.57bln. (Moneycontrol)

GR Infraprojects (GRINFRA IS) – Co. emerged as L1 bidder for an NHAI project worth INR 14.54bln in Gujarat. (Moneycontrol)

JSW Steel (JSTL IS) – Co. subsidiary JSW Sambalpur Steel acquired the steel business of Bhushan Power and Steel via slump sale on a going concern basis. (Moneycontrol)

NTPC (NTPC IS) – Co. board approved investment in BESS projects with total capacity of 4.70GWh at estimated cost of INR 58.22bln. (Moneycontrol)

RailTel Corporation of India (RAILTEL IS) – Co. received a Letter of Intent worth INR 4.44bln from the Centre for E-Governance for KSWAN 3.0 system integrator project. (Moneycontrol)

FX - RBI announced on Friday that banks must ensure that by April 10th, their net open rupee positions in the onshore deliverable market do not exceed USD 100mln at the end of each business day. (Newswires)