Aditya Birla Fashion and Retail Ltd. (ABFRL), one of India’s top retail giants, announced that it is ready to raise up to Rs.500 crore through non-convertible debentures (NCDs). The board’s finance committee gave the go-ahead for the fundraise during a meeting that happened recently, as revealed in a filing. This will hopefully help ABFRL strengthen …
On September 6, 2024, Va Tech Wabag Ltd announced a major contract worth approximately USD 317 million (SAR 1,190 million / ₹2,700 crore) from the Saudi Water Authority (SWA). This order was awarded for the Engineering, Procurement, Construction, and Commissioning (EPCC) of a 300 Million Litres per Day (MLD) Mega Sea Water Reverse Osmosis (SWRO) …
Godfrey Phillips India Ltd (GPIL), an associate of the KK Modi group and Philip Morris Global Brands Inc is a prominent player in the Indian cigarette manufacturing industry. The company is on the verge of rewarding its shareholders with a generous 1:2 bonus issue, as announced in an exchange filing ahead of its 87th annual …
Introduction MIC Electronics Limited, a prominent player in the electronic industry, has recently received a significant order from the Ratlam Division of the Western Railway Zone. This order marks a key milestone in the company’s journey, highlighting its growing footprint in the railway infrastructure sector. Order Details The order involves the supply, installation, testing, and …
Gujarat Mineral Development Corporation Limited is a major Indian state-owned mineral and lignite mining company based in Ahmedabad. GMDC was founded in 1963. Its product range includes essential energy minerals like lignite, base metals, and industrial minerals like bauxite and fluorspar. The Coal Ministry gave three commercial coal mines to GMDC: The allocation of three …
Ashoka Buildcon Ltd is a construction and infrastructure company that has strengthened its market position by using both EPC and BOT models. Recently, the company was the lowest bidder for two major infrastructure projects in the Mumbai area, with a combined estimate of Rs. 1,280.8 crore. These projects involve the design and construction of two …
Rashtriya Chemicals & Fertilizers (RCF) has just announced raising up to Rs.1,400 crore by issuing non-convertible debentures (NCDs) through a private placement. The plan is to roll out these NCDs in one or more segments over the next year, but it’s all pending shareholder approval at their upcoming Annual General Meeting (AGM). What’s the Plan? …
On September 5, 2024, NLC India Limited (NLCIL) announced that it had received the Vesting Order for its Machhakata Coal Block, a major milestone for its mining projects. This coal block, the second commercial one for NLCIL and the largest in its portfolio, was officially issued by the Additional Secretary (Coal) & the Nominated Authority, …
Leading online travel platform EaseMyTrip.com ventures into electric bus manufacturing with its new subsidiary, Easy Green Mobility. This strategic move places EaseMyTrip to capitalise on the growing Indian electric vehicle (EV) market, particularly the projected 24% CAGR growth in electric buses from 2024 to 2030. The company, through an exchange filing, stated Easy Green Mobility …
Honeywell Automation India Limited (HAIL) has successfully commissioned a microgrid Battery Energy Storage System (BESS) in India for the Solar Energy Corporation of India’s (SECI) Lakshadweep Islands project. This marks a significant milestone in India’s renewable energy sector, as it is the country’s first on-grid solar initiative utilising BESS to manage renewable power supply. Honeywell’s …
