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Adani Group Targets Major Cement Acquisitions With $3 Billion Investment Plan

Adani Group Targets Major Cement Acquisitions With $3 Billion Investment Plan

13 June 2024

Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group’s businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. The Group has now planned for a $3 Billion plan in the cement space. Adani …

Exide Industries Invests ~₹75 Crore in Subsidiary EESL to Fuel Lithium-Ion Battery Project

Exide Industries Invests ~₹75 Crore in Subsidiary EESL to Fuel Lithium-Ion Battery Project

13 June 2024

Exide Industries Limited (Exide), a leading manufacturer of storage batteries, announced a significant investment in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), on June 12, 2024. This strategic move underscores Exide’s commitment to the growing electric vehicle (EV) market in India. Equity Injection for Growth Exide invested ₹74,99,99,988 through a rights issue, a method …

H.G. Infra Engineering Expands into Solar Sector with New Subsidiary Acquisition

H.G. Infra Engineering Expands into Solar Sector with New Subsidiary Acquisition

13 June 2024

On June 13, 2024, H.G. Solar Projects Private Limited, a wholly-owned subsidiary of H.G. Infra Engineering Limited, established a wholly-owned subsidiary called H.G. Sanchore Solar Project Private Limited. The target entity is H.G. Sanchore Solar Project Private Limited. As the company has not yet commenced business operations, its turnover is unavailable. The acquisition might be …

L&T Energy Expands Offshore Footprint with ONGC’s Daman Upside Development Project

L&T Energy Expands Offshore Footprint with ONGC’s Daman Upside Development Project

13 June 2024

On June 13, 2024, Larsen & Toubro’s Hydrocarbon division secured a contract from Oil & Natural Gas Corporation (ONGC) for the Daman Upside Development Project-Wellhead Platforms & Pipelines. This project, located off India’s west coast in the Tapti Daman block, involves building four Wellhead Platforms, a 140-km Pipeline, and necessary Topside modifications. Commenting on this, …

Kotak Life and Mahindra Finance Join Forces to Provide Life Insurance Solutions

Kotak Life and Mahindra Finance Join Forces to Provide Life Insurance Solutions

13 June 2024

On June 13, 2024, Mahindra & Mahindra Financial Services Limited (Mahindra Finance) informed in a stock exchange filing that the company partnered with Kotak Mahindra Life Insurance Company Ltd (Kotak Life). The company stated that the collaboration will benefit over 10 million Mahindra Finance customers by providing a comprehensive range of tailor-made life insurance solutions …

CAMSRep Revolutionises Insurance Management with Bima Central Platform

CAMSRep Revolutionises Insurance Management with Bima Central Platform

13 June 2024

CAMS Insurance Repository Services (CAMSRep), a leading player in the Indian insurance industry, has launched a revolutionary platform called Bima Central. This one-stop solution aims to simplify insurance portfolio management for policyholders, eliminating the hassle of juggling multiple policies and providers. Features of Bima Central Many individuals in India, who often purchase insurance policies from …

Dr Reddy’s USA Secures Exclusive Rights for Cyclophosphamide Injection in the US

Dr Reddy’s USA Secures Exclusive Rights for Cyclophosphamide Injection in the US

13 June 2024

On June 12, 2024, Dr Reddy’s Laboratories Ltd informed the stock exchanges that the company’s step down wholly owned subsidiary, Dr Reddy’s Laboratories, Inc. (Dr Reddy’s USA), and Ingenus Pharmaceuticals, LLC (Ingenus), a Delaware limited liability company. This agreement grants Dr Reddy’s USA exclusive rights to commercialise Cyclophosphamide Injection RTD (500 mg/2.5mL; 1g/5mL; 2g/10mL) in …

Maithan Alloys Buys Shares in Major Defence and Natural Gas Companies

Maithan Alloys Buys Shares in Major Defence and Natural Gas Companies

13 June 2024

On June 13, 2024, Maithan Alloys Limited informed in a stock exchange filing about the acquisition of equity shares of listed entities Bharat Electronics Ltd, Gail (lndia) Ltd and Hindustan Aeronautics Ltd through the Stock Exchange. Acquisition of Shares in Bharat Electronics Ltd Maithan Alloys acquired shares in Bharat Electronics Ltd on June 12, 2024, …

Godrej Properties Ltd Shares Touch Rs 3,000 Mark for the First Time

Godrej Properties Ltd Shares Touch Rs 3,000 Mark for the First Time

13 June 2024

Shares of Godrej Properties Ltd, largest developer in India by the value and volume of residential sales achieved, have touched the Rs 3,000 mark for the first time, marking a significant milestone for the company. This achievement is underpinned by a remarkable increase in sales bookings and a buoyant real estate market. According to data …

GPT Infraprojects Wins ₹26 Crore Contract from Transnet Freight Rail

GPT Infraprojects Wins ₹26 Crore Contract from Transnet Freight Rail

13 June 2024

On June 13, 2024, GPT Infraprojects Limited (GPT) announced that it had secured an order worth ₹26 crore. Transnet Freight Rail, South Africa, has awarded the contract for supplying concrete sleepers manufactured at the Ladysmith factory. Valued at ₹26 crore, the order pertains to GPT Concrete Products South Africa (Pty) Limited, a subsidiary of GPT …

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