During their meeting on September 3, 2024, the Board of Directors of Bansal Wire Industries Limited approved the plan to incorporate a wholly owned subsidiary of the company, BWI Steels Pvt. Ltd. Once incorporated, this wholly owned subsidiary will be a related party to the company, though the promoter group has no other interest in …
On September 3, 2024, Dalmia Bharat Limited announced that its wholly owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has entered into a Share Subscription and Shareholders Agreement (SSSHA) to acquire a 26% equity stake in Truere Surya Private Limited. The acquisition involves purchasing 4,48,00,000 equity shares, totalling ₹44.80 crore, with the investment structured to be …
On September 3, 2024, NHPC Limited updated the exchanges regarding its recent developments in energy projects. This announcement builds upon NHPC’s earlier communication from June 6, 2023, and highlights significant progress in the company’s strategic initiatives. NHPC Limited had initially entered into a Memorandum of Understanding (MoU) with the Department of Energy, Government of Maharashtra, …
UPL Limited announced that its step-down subsidiary, Advanta Seeds Holdings UK Limited, had completed the acquisition of Advanta Holdings (Thailand) Limited (Advanta Thailand). This acquisition marks a significant expansion in UPL’s seed and related business operations. Advanta Thailand will become a step-down subsidiary within the Advanta Seed structure, which is managed under Advanta Enterprises Limited, …
MOIL Ltd has reported impressive performance figures for August 2024, setting a new benchmark with its highest-ever production for the month at 1.24 lakh tonnes. This achievement underscores MOIL’s ability to maintain strong operational momentum, even in the face of challenging market conditions. The company stated that for the first 5 months of the current …
The pharma industry takes advantage of the consistent demand for healthcare and medications. Key growth drivers are advancements in healthcare technology, innovations in drug development, and an ageing population increasing the need for healthcare services and medications. According to the India Brand Equity Foundation (IBEF), the Indian Pharmaceutical Industry is expected to reach USD 130 …
On September 3, 2024, G R Infraprojects Limited (GRIL) announced that it has successfully completed the acquisition of Tumkur-II REZ Power Transmission Limited (TRPTL) from REC Power Development and Consultancy Limited (RECPDCL) through a Share Purchase Agreement. With this acquisition, TRPTL has become a wholly-owned subsidiary of G R Infraprojects Limited, marking a significant strategic …
On September 3, 2024, the Indian Energy Exchange (IEX), the leading electricity exchange in India, reported a total volume of 12,040 million units (MU) in August 2024, including certificates. This reflects a 35.8% increase compared to the same period last year. The electricity volume alone reached 9,914 MU, up 17.1% year over year. Notably, the …
Texmaco Rail & Engineering Limited announced in July 2024 that it had entered into definitive agreements with Jindal Rail & Infrastructure Limited (JRIL) and its existing shareholders – JITF Urban Infrastructure Services Limited and Siddeshwari Tradex Private Limited – to acquire 100% of JRIL’s share capital on a fully diluted basis. After completing all precedent …
GE Power India Limited has reached a settlement agreement with Navayuga Engineering Company Limited (NECL). The arbitration regarding the E&M Turnkey Contract between GE Power India Limited and Navayuga Engineering Company Limited (NECL) has been ongoing since 2020. Both parties have now agreed to settle the dispute. NECL will pay a total of ₹31,45,26,287 as …
