Power Grid Corporation of India Limited (POWERGRID) has announced its successful acquisition of Bhadla-III Power Transmission Limited (BIIIPTL), following its selection as the successful bidder under a Tariff Based Competitive Bidding process. The acquisition, completed on August 28, 2024, involves BIIIPTL, the Special Purpose Vehicle (SPV) responsible for establishing the Additional Transmission System for the …
AGI Greenpac Limited informed the stock exchanges that on August 27, 2024, the company had incorporated a wholly owned subsidiary company, AGI Retail Private Limited. The new subsidiary has been established with an authorised share capital of ₹50,00,000, divided into 5,00,000 equity shares, each valued at ₹10. The paid-up share capital for AGI Retail Private …
Bonus shares are additional shares given to existing shareholders at no extra cost, based on the number of shares they already own. This corporate action is typically used by companies to distribute accumulated profits or reserves to shareholders, reflecting a company’s financial health and growth prospects. For example, if a company declares a 1:1 bonus …
Sonata Software announced in a stock exchange filing that the company has made a significant strategic IT outsourcing partnership with a leading US-based healthcare and wellness company. This collaboration, secured in June 2024 after a thorough evaluation process, was highlighted during Sonata’s Q1 FY25 earnings call on July 31, 2024. The partnership underscores Sonata’s commitment …
Tata Steel Ltd, founded in 1907 as Asia’s first integrated private steel company, handles everything from mining iron ore and coal to producing and distributing steel. The company is now focused on expanding its domestic steelmaking capacity to 30 million tonnes per year by FY25. Tata Steel has just made a big announcement by buying …
Shares of Reliance Industries (RIL) surged by approximately 2.5% on Thursday, following the announcement of a crucial meeting of the Board of Directors scheduled for September 5, 2024. The company will consider issuing bonus shares in a 1:1 ratio to equity shareholders by capitalizing on reserves. This news has sparked excitement among investors, leading to …
Introduction: HFCL’s Pioneering Role in Upgrading BSNL’s Network Infrastructure HFCL Limited (HFCL), a leading technology enterprise and next-generation communications product and solution provider, has successfully completed the commissioning of Bharat Sanchar Nigam Limited’s (BSNL) Network Infrastructure Enhancement Project. This milestone achievement involves deploying an advanced Broadband Network Gateway (BNG) with Control and User Plane Separation …
Shera Group: Boosting Production Capacity to Drive Growth In a significant move towards growth and operational excellence, Shera Group has successfully increased its production capacity. This development aligns with the company’s long-term objectives and reinforces its commitment to delivering sustained value to stakeholders. Standalone and Consolidated Production Capacity: The Numbers Shera Group’s production capacity expansion …
Introduction Kiri Industries Limited, a prominent player in the dyes and intermediates market, has recently seen its stock surge to a six-month high. This remarkable rally comes on the back of two significant developments: a favorable ruling from the Singapore International Commercial Court (SICC) and a preferential allotment to its promoters. Let’s delve into these …
An Indian public sector company called National Aluminium Company Limited operates integrated and diverse operations in the metal, mining, and power sectors. At the moment, NALCO is administered by the Ministry of Mines, with the Government of India owning 51.28% of the company’s equity. NALCO joint venture KABIL signs MoU with Oil India: NALCO (National …
