On July 24, 2024, KEC International Ltd., a leading global infrastructure EPC company and part of the RPG Group, received new orders worth ₹1,422 crore for Transmission and distribution (T&D) projects in India and the Americas. These include Orders for 765 kV and 400 kV transmission lines in India from Power Grid Corporation of India …
Dalmia Bharat Limited is one of the leading manufacturers and sellers of cement. The company has the fourth-largest installed capacity in India. Dalmia Bharat released its results for the quarter ended July 24, 2024, and concluded its earnings call on July 19, 2024. Management Views on Q1 FY2025 Financials In line with expectations, the quarter …
In her budget speech on July 23, 2024, Finance Minister Nirmala Sitharaman highlighted the importance of recycling by announcing the Critical Mineral Mission. This initiative will focus on domestic production, recycling of critical minerals, and overseas acquisition of critical mineral assets. The mission will cover technology development, skilled workforce training, EPR frameworks, and suitable financing …
Organic Recycling Systems Limited (ORS) has announced a strategic investment in Sonu Infratech Limited (Sonu) through the acquisition of convertible warrants. This move is aimed at enhancing ORS’s ability to compete in large-scale projects that require significant resources, which ORS cannot manage independently. Sonu Infratech Limited operates in the construction sector, specialising in mechanical and …
About Development MIC Electronics Limited has announced a significant breakthrough in railway technology with the development of a cutting-edge GPS (Global Positioning System) based Public Address System (PA), Passenger Information System (PIS) (“PAPIS”), and LED Destination boards. Designed to enhance passenger experience and railway operations, this innovative system is compatible with both new and existing …
Adani Power Limited (APL) has announced a significant development in a recent stock exchange filing. The company has acquired 10,000 equity shares of Mirzapur Thermal Energy (UP) Private Limited (MTEUPL), which represents 0.025% of MTEUPL’s total equity. As a result of this acquisition, MTEUPL has become a wholly-owned subsidiary of APL. MTEUPL, incorporated on December …
On July 24, 2024, Fischer Medical Ventures Ltd, formerly Fischer Chemic Limited, announced that it is expanding its investment in Health Digital Technologies (HDT). They join existing investors like Samsung Ventures and Malaysia’s Khazanah, through MTDC. This investment aims to extend HDT’s teleconsultation and e-prescription service, DoctorOnCall, beyond Malaysia. Overview of DoctorOnCall’s Services and Reach …
About Project Adani Renewable Energy Forty-One Limited, a wholly-owned subsidiary of Adani Green Energy Limited, has announced a significant milestone in its renewable energy portfolio with the operationalization of a 250 MW wind power project at Khavda, Kutchh, Gujarat. This achievement is highlighted by the incorporation of India’s largest and one of the world’s most …
Tata Consumer Products Limited (TCPL) unveiled a significant capital-raising initiative through a rights issue on July 23, 2024. This strategic move, announced via a stock exchange filing, aims to generate up to ₹3,000 crore (approximately USD 370 million) to bolster the company’s growth and expansion plans. Key Details of the Rights Issue Target Amount: ₹2,997.77 …
Reliance Industries Ltd., India’s largest privately owned refiner, has received approval from the U.S. to resume importing crude oil from Venezuela, marking a huge development amid ongoing White House sanctions. This decision enables Reliance to restart purchasing Venezuelan crude, a move that carries major geopolitical and economic implications. Background & Regulatory Changes Last year, Washington …
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