ITC Limited announced a significant strategic move by signing a Business Transfer Agreement (BTA) with Aditya Birla Real Estate Limited (ABREL) to acquire its pulp and paper business, popularly known as Century Pulp and Paper (CPP). The deal, valued at up to ₹3,500 crore on a cash-free, debt-free basis, is expected to be completed within …
Vodafone Idea Limited informed the stock exchanges about a major development under Regulation 30 of SEBI Listing Regulations. The Ministry of Communications, Government of India, has approved the conversion of the company’s outstanding spectrum auction dues into equity shares. This move aligns with the reforms and support package for the telecom sector announced in September …
Hindustan Aeronautics Limited (HAL) announced provisional and unaudited revenue figures for the financial year 2024–25, reporting ₹30,400 crore, marginally up from ₹30,381 crore in FY24. This steady performance comes despite supply chain challenges and delivery disruptions. Deliveries of the Light Combat Aircraft (LCA) were delayed due to engine shortages, and the Advanced Light Helicopter (ALH) …
Adani Green Energy Limited (AGEL) has been actively expanding its renewable energy portfolio with significant milestones achieved in March 2025. The company has commissioned multiple solar power projects and secured a long-term power supply contract. This chronological overview details the key events that have reinforced AGEL’s position as a leader in the renewable energy sector. …
Prestige Estates share price is in focus on Tuesday. This followed its announcement of investing up to ₹1,625.04 crore in Prestige Hospitality Ventures Ltd (PHVL) via a rights issue. PHVL is its wholly-owned subsidiary. This will bolster PHVL’s hospitality business. PHVL’s Financials and Transaction Details PHVL’s turnover was ₹4,161 crore for FY 2024. PHVL was incorporated …
India has taken a significant step forward in renewable energy with the inauguration of its largest solar cell manufacturing gigafactory. Waaree Energies Ltd. has established a state-of-the-art facility in Chikhli, Gujarat, with a production capacity of 5.4 GW. This milestone strengthens India’s self-reliance in solar technology and aligns with the nation’s ambitious clean energy goals. …
Rites Limited has secured two major infrastructure contracts that have energised investor confidence. The company won a ₹155.50 crore contract from Numaligarh Refinery Limited (NRL) for developing railway sidings and a ₹157.25 crore contract from Oil India Limited for constructing a Workmen Housing Complex. Key Details of the Contracts The NRL contract involves the development …
Newgen Software Technologies Limited has recently announced three significant contracts—two with international clients (USA and Singapore) and one domestic order in India. These agreements highlight the company’s growing global footprint and expertise in software solutions. Newgen’s International Contract in the USA Agreement Details: Newgen’s US subsidiary (Newgen Software Inc.) secured a contract worth $1.27 million …
RailTel Corporation of India Ltd. has recently secured a significant work order from Ircon International Limited. The contract, valued at ₹1,62,58,96,785 (₹162.58 crore) involves integrated tunnel communication and railway general telecommunication arrangements for the Sivok-Rangpo New Broad Gauge (BG) Rail Line project. This announcement was made in compliance with SEBI regulations, ensuring transparency and disclosure …
Prozeal Green Energy plans to raise nearly ₹700 crore via an IPO. It has filed a draft red herring prospectus (DRHP) with SEBI. The IPO includes a fresh issue of shares worth ₹350 crore. It also includes an offer-for-sale (OFS) of ₹350 crore. Prozeal Green Energy Offer for Sale Details Shobit Baijnath Rai will sell …
