Steel Strips Wheels Limited (SSWL) announced a strategic move further to its intimation dated December 22, 2022, by entering into a Supplementary Shareholders Agreement with Clean Max Astria Private Limited (CMAPL) and its promoter Clean Max Enviro Energy Solutions Private Limited (CMEESPL). The agreement, signed on September 10, 2024, outlines SSWL’s additional investment of …
Hindustan Zinc Limited has announced that its premium-grade zinc was used in galvanising India’s heaviest transmission steel pole structure. The massive 400 kV dual-pole structure, standing at ~57 metres, was galvanised using a mix of Hindustan Zinc’s low-dross jumbo special high-grade zinc and SHG zinc ingots. The company stated that this process provides protection …
On September 11, 2024, Gensol Engineering Limited, in collaboration with Matrix Gas & Renewables Ltd, announced their joint project to establish India’s first Green Hydrogen Valley in Pune. The Gensol-Matrix partnership will set up a Green Hydrogen production plant on a Build, Own, and Operate (BOO) basis to supply Green Hydrogen to the speciality …
HG Infra Engineering Ltd. secured a big project with a Rs.781 crore contract from the Ministry of Road Transport and Highways (MoRTH). Announced recently, this project is all about upgrading a 10.630 km stretch of National Highway 47 (NH-47) in Gujarat, from Narol Junction to Sarkhej Junction. The plan includes adding an elevated corridor, and …
The Indian agricultural sector is expected to increase to $24 billion by 2025. The Indian food and grocery market ranks as the sixth largest globally, with retail making up 70% of the total sales. India is an important player in the global agriculture sector, with around 55% of its population relying on it for their …
Century Textiles: A Game-Changing Acquisition Century Textiles and Industries Limited (CTIL), a part of the Aditya Birla Group, has made headlines with its recent acquisition of a prime 10-acre land parcel in Worli, Mumbai, for Rs 1,100 crores. This strategic move consolidates the company’s leasehold and ownership rights, setting the stage for a landmark development …
Hindustan Aeronautics Limited (HAL) has announced a landmark contract with the Ministry of Defence (MoD) for the supply of 240 AL-31FP aero-engines, valued at over ₹26,000 crore. This significant agreement, approved by the Cabinet Committee on Security (CCS), marks a major milestone in India’s defence sector and supports the Aatmanirbhar Bharat initiative aimed at boosting …
Metals are foundational to modern infrastructure, and India stands out in this sector as a leading global player. The country is the 2nd largest producer of aluminium and 4th largest of iron ore. With the Indian government’s focus on extensive infrastructure development, spanning roads, railways, and airports, the steel demand is anticipated to grow by …
Lemon Tree Hotels has just signed a deal to open a new hotel in Nashik, Maharashtra. This property, set to launch in FY26, will be managed by Carnation Hotels Private Limited, a subsidiary of Lemon Tree Hotels. Key Features & Location The upcoming hotel will feature 57 well-appointed rooms and include amenities such as a …
GMR Airports Infrastructure Limited (GIL) has announced a significant move in its ongoing expansion strategy by entering into a Share Purchase Agreement (SPA) with Fraport AG Frankfurt Airport Services Worldwide (Fraport). Under this agreement, GIL will acquire Fraport’s 10% minority equity stake in Delhi International Airport Limited (DIAL) for an aggregate consideration of USD 126 …
