Borosil Renewables, India’s leading solar glass manufacturer, has announced its decision to raise Rs.450 crore through a rights issue. This move is aimed at strengthening the company’s financial standing and supporting its growth initiatives in the renewable energy sector. Details of the Rights Issue The rights issue has been approved by the company’s board, which …
On June 7, 2024, Sun Drops Energia Private Limited, a wholly-owned subsidiary of KPI Green Energy Limited, gave Dr. Faruk G. Patel 10,66,098 shares. This will make up 16.62% of Sun Drops’ total shares. However, this decision must be approved by Sun Drops’ members and some other authorities before it happens. After the private placement, …
Inox Wind Limited announced the creation of four new wholly-owned subsidiaries: Junachay Wind Energy Private Limited, Dharvi Kalan Wind Energy Private Limited, Dangri Wind Energy Private Limited, and Kadodiya Wind Energy Private Limited. Each entity has an authorised and paid-up capital of ₹1,00,000. None of these subsidiaries has commenced business operations, and thus, their turnover …
On June 9, 2024, Suprajit Group announced that it is set to acquire Stahlschmidt Cable Systems (SCS), a German company, out of insolvency proceedings. This acquisition aims to bolster Suprajit’s presence in the European market and expand its product offerings in the automotive and industrial cable systems sector. Suprajit’s acquisition of SCS includes purchasing assets …
Atul Ltd announced that Atul Village, situated in the Valsad district of Gujarat and developed by the company, has been awarded the esteemed Platinum Green Village certification by the Indian Green Building Council (IGBC), a division of the Confederation of Indian Industry. The IGBC assesses villages using multiple sustainability criteria to promote environmentally friendly practices …
Adani Green Energy recently announced that it is set to make a substantial investment in Sri Lanka’s renewable energy infrastructure. The company plans to invest over $1 billion (approximately Rs 8,348 crore) in wind power projects, reinforcing its commitment to expanding its green energy portfolio and supporting Sri Lanka’s energy transition. Project Details Adani Green …
Avanti Feeds Ltd. established on January 6, 1993, by Venkateswara Rao Alluri, company is a leading manufacturer of shrimp feed and exporter of shrimp. The company operates through three primary segments: Shrimp Feed, Shrimp Processing, and Power. The Shrimp Feed segment focuses on producing and marketing shrimp feed used in aquaculture, while the Shrimp Processing …
On June 10, 2024, AXISCADES Technologies Ltd announced in an exchange filing the commencement of delivery for a substantial quantity of Man Portable Counter Drone Systems (MPCDS) to the Indian Army. This contract signifies a significant achievement for AXISCADES as it embarks on providing these pioneering systems, the first of their kind, to be integrated …
Man Infraconstruction Limited (MICL), a prominent Mumbai real estate developer, announced a significant acquisition. MICL has secured a prime redevelopment project within Bandra Kurla Complex (BKC), marking a strategic move into the high-end redevelopment segment in this coveted location. Redeveloping a Landmark Address This prestigious project signifies the redevelopment of Artek Co-operative Housing Society Limited …
On June 10, 2024, Havells India Ltd announced in an exchange filing its entry into the kitchen appliances market through a strategic partnership with Jumbo Group in the UAE. Jumbo Group is a leading distributor of consumer electronics and technology products in the UAE. The company stated this partnership is set to enhance its product …
