JSW Infrastructure Ltd. has taken significant steps to enhance its iron ore transportation capabilities by approving the purchase of an under-construction slurry pipeline from JSW Utkal Ltd. The acquisition, valued at Rs 1,700 crore, comes alongside a strategic 20-year take-or-pay agreement with JSW Steel This move aims to bolster the company’s logistics solutions for iron …
On July 16, 2024, Bharat Agri Fert & Realty Limited announced the launch of its new high-rise tower, Wembley-24, in Majiwada, Thane. This impressive building has 60 floors and offers 457 residential flats with 2—and 3-BHK options. As the company owns the land, the project is expected to generate around ₹800 crore over the next …
Jyoti Structures Limited has secured a contract from Adani Energy Solutions Limited (formerly Adani Transmission Ltd.) valued at Rs 117.74 crore for the construction and partial supply of a 765 kV D/C transmission line. This project, located in Gujarat under the Khavda Phase IV-Part A initiative, involves building approximately 111 kilometers of the KPSIII-AP44 transmission …
On July 16, 2024, Himadri Speciality Chemical Ltd announced via a stock exchange filing that HCEL plans to acquire 100% of Himadri Green Technologies Innovation Limited, making Himadri Green Technologies Innovation Limited a wholly-owned subsidiary of HCEL. The Board of Directors approved this acquisition in their July 16, 2024 meeting. After the acquisition, Himadri Green …
Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a premier warship building company under the Ministry of Defence, Government of India, recently signed a significant contract with the National Centre for Polar and Ocean Research (NCPOR). This contract marks another milestone in GRSE’s illustrious history, showcasing its expertise in constructing specialized vessels. The Details of the …
Vodafone Idea Ltd. has urgently petitioned the Supreme Court for the immediate listing of its curative plea concerning the Adjusted Gross Revenue (AGR) dues case. This plea seeks a reconsideration of the 2019 judgment that mandated telecom operators to include non-core revenue in their AGR calculations. The Chief Justice of India’s decision on listing the …
On Tuesday, Chennai Petroleum Corporation Ltd. (CPCL), a subsidiary of Indian Oil Corporation Ltd., saw its shares soar by as much as 16%, reaching a record high of Rs 1,265. This surge comes as investors position themselves ahead of the company’s upcoming dividend payout. Significant Dividend Announcement In April, CPCL declared a final dividend of …
Ujaas Energy Ltd is engaged in generation of solar power and manufacturing, sales and services of solar power plants/projects and manufacturing and sales of Electric Vehicle. Ujaas Energy Ltd. has announced significant plans to raise funds and reward shareholders through a bonus share issue. These strategic moves, approved by the company’s board, aim to bolster …
On July 16, 2024, Balu Forge Industries Ltd (BFIL), a leading precision engineering and manufacturing company, announced raising ₹496.80 crore. The funds will come from a mix of preferential equity shares and fully convertible warrants. This initiative aims to enhance BFIL’s manufacturing capacity, support India’s self-reliance in the defence, railways, and aerospace sectors, and contribute …
A subsidiary of The Indian Hotels Company Limited (IHCL), Benares Hotels Limited (BHL), announced its financial results for the quarter ended June 2024 in a stock exchange filing. For Q1 FY 2025, the company reported a revenue of ₹24.35 crore, down by 6.73% compared to ₹26.11 crore in Q1 FY 2024. However, the Profit After …
