Rail Vikas Nigam Ltd (RVNL) surged 9% amid a correction in the market on July 19, after the railway RVNL said it has signed a Memorandum of Understanding (MoU) with Israeli firm United Construction Limited to support each other to get the projects in the field of Railways, MRTS, Tunnels, Roads (Highways & Expressways), Bridges, …
JSW Infrastructure Ltd. has taken significant steps to enhance its iron ore transportation capabilities by approving the purchase of an under-construction slurry pipeline from JSW Utkal Ltd. The acquisition, valued at Rs 1,700 crore, comes alongside a strategic 20-year take-or-pay agreement with JSW Steel This move aims to bolster the company’s logistics solutions for iron …
Introduction to SEPC SEPC (Shriram EPC Ltd until February 2021) was incorporated in June 2000. Since September 2022, Mark AB has become its majority stakeholder following an infusion of Rs 350 crore. SEPC specializes in executing EPC (Engineering, Procurement, and Construction) contracts, providing integrated solutions encompassing design, engineering, procurement, construction, and project management services in …
On July 22, 2024, Coal India Limited (CIL) announced via a stock exchange filing that it had made its first move into domestic critical minerals by winning the bid for the Khattali Chotti graphite block in Madhya Pradesh. This was part of the second tranche of auctions held by the Ministry of Mines on July …
Zydus Lifesciences Limited (Zydus) has achieved a significant milestone by securing marketing approval for its Bevacizumab biosimilar, Bhava™, from the Mexican regulatory authority, COFEPRIS (Federal Commission for the Protection Against Sanitary Risk). This approval marks Zydus’ continued commitment to providing patients worldwide with access to high-quality, affordable biosimilar treatments. Bhava™ will be available in two …
Fineotex Chemical Limited (Fineotex), a leading specialty chemical manufacturer, has successfully raised ₹342.5 crores through a preferential allotment of equity shares and convertible warrants. This strategic move strengthens the company’s financial position and fuels future growth. Multi-Phased Fundraising The fund-raising was executed in two distinct phases: Phase I: Equity Allotment: 9,70,000 shares issued at ₹346 …
JSW Energy, a leading Indian power company, announced 2 significant developments on July 22, 2024, that solidify their commitment to renewable energy and position them for substantial growth. 300 MW Solar Project in Karnataka: JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy, received a Letter of Award (LoA) from Karnataka Renewable Energy Development …
Rossari Biotech Limited (Rossari), a Specialty Chemicals manufacturer that provides intelligent and sustainable solutions for customers across industries, has announced its financial results for the quarter ended June 30, 2024. Financial Highlights (Consolidated): Rossari Biotech Limited (Rossari) reported positive results for the first quarter ended June 30, 2024 (Q1 FY2025). Revenue: Grew 19.3% year-over-year (YoY) …
On July 20, 2024, Mahindra & Mahindra Ltd, India’s top SUV maker, unveiled the name of their newest SUV, 2024. The vehicle is called the Mahindra ‘Thar ROXX’. Known for creating standout SUVs, Mahindra’s latest model, ‘Thar ROXX’, aims to set new industry standards. It combines elegance, high performance, strong presence, safety, and advanced technology, …
JSW Neo Energy Limited (or JSW Neo), a wholly-owned subsidiary of JSW Energy Limited, has recently received a Letter of Award (LoA) from Karnataka Renewable Energy Development Limited (KREDL) for establishing a 300 MW Solar Power Project at Pavagada Solar Park, Karnataka. This new venture marks a significant step in the company’s ambitious growth strategy. …
