Sterling and Wilson Renewable Energy Limited (SWREL) has secured a groundbreaking order for a 1,000 MWh standalone Battery Energy Storage System (BESS) plant in Rajasthan, India. This project marks a significant milestone as India’s largest BESS project to date and one of the world’s largest single-location BESS installations. The order underscores SWREL’s leadership in the …
On July 26, 2024, Mphasis Limited announced the launch of Mphasis NeoCrux™, an industry-first tool designed to enhance software engineers’ productivity by streamlining the Software Development Lifecycle through a Generative AI (Gen AI) powered Agent Orchestrator. The company stated that NeoCrux™ is one of the first platforms offering engineers the flexibility to integrate various fit-for-purpose …
Praj Industries Limited announced its financial results for the quarter ended June 30, 2024, showcasing a mixed performance across its business segments. Financial Overview The company reported a consolidated income from operations of ₹6,991.41 million for Q1 FY25, compared to ₹7,367.22 million in the corresponding quarter of the previous year. Profit before tax (PBT) stood …
Allsec Technologies Limited, a global leader in Employee Experience Management (EXM) and Customer Experience Management (CXM) solutions, announced its financial results for the first quarter of the fiscal year 2025 (Q1 FY25). CXM Business Thrives The company’s CXM vertical showcased robust growth, with revenue surging by 32.8% year-on-year (YoY) to reach ₹94.8 crore. Both domestic …
GMR Airports Infrastructure Limited (GIL) has successfully concluded the merger of GMR Airports Limited (GAL) and GMR Infra Developers Limited (GIDL) into itself, effective April 1, 2023. This strategic move marks the final step in simplifying the company’s corporate structure and positioning GIL as a pure-play airport operator. Strategic Rationale The merger is part of …
Sun Pharmaceutical Industries Ltd. announced today that the U.S. Food and Drug Administration (FDA) has granted approval to LEQSELVI™ (deuruxolitinib) for treating adults with severe alopecia areata. This marks a significant development for the estimated 300,000 Americans living with this autoimmune condition characterised by significant hair loss. Addressing a Growing Need Alopecia areata is a …
As reported in a recent stock exchange filing, KPI Green Energy Limited recently made significant developments in the renewable energy sector. The company has successfully participated in competitive bidding processes for developing Solar and Hybrid Renewable Energy (RE) Projects under two separate tenders issued by GUVNL. The first tender, Tender-I, involves procuring 500 MW grid-connected …
Emcure Pharmaceuticals Ltd and its subsidiary Gennova Biopharmaceuticals Limited have announced a pivotal agreement with Sunsure Energy, one of India’s leading renewable energy providers. The partnership involves a 22.78 MWp DC Solar Power Purchase Agreement (PPA), marking a significant move towards sustainability for both companies. Under this agreement, Emcure and Gennova will source ~36 million …
Shiva Cement Limited (SCL) has announced in a stock exchange filing that its Board of Directors, following the Audit Committee’s recommendations, has approved a significant business development plan. This plan involves the establishment of a new cement grinding unit with a capacity of 1.0 million tons per annum (MTPA) at Bhushan Power and Steel Limited’s …
DLF Ltd announced financial results for Q1 FY 2025. The company stated that it remains on track to achieve its short-term and long-term business goals. In Q1 FY2025, the company reported impressive new sales bookings of ₹6,404 crore, reflecting a year-over-year (YoY) growth of 214%. Consolidated revenue for the quarter was ₹1,730 crore, up by …
