The Haryana-based Action Construction Equipment is a manufacturer and marketer of various equipment. Its products include crawler cranes, truck-mounted cranes, mobile tower cranes, hydraulic mobile cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, and motor graders, and agricultural equipment like tractors, harvesters, and rotavators. Action Construction Equipment Ltd. stock jumps …
Ahluwalia Contracts (India) Ltd. was founded on June 2, 1979, after starting out as an EPC company in 1965. In July 1979, the company bought the operations of four partnership firms involved in construction, and in September 1990, it became a public limited company. One of the top construction companies, Ahluwalia Contracts, is renowned for …
On September 9, 2024, Sona BLW Precision Forgings Ltd, commonly known as Sona Comstar, successfully concluded its ₹2,400 crore Qualified Institutions Placement (QIP). The offering attracted strong interest from institutional investors and sovereign wealth funds, with subscriptions exceeding 5.5 times the issue size. This overwhelming response highlights investor confidence in the company’s strategic vision and …
The Securities and Exchange Board of India (SEBI) has concluded its investigation into allegations of insider trading involving former Infosys employees and associated entities. On Monday, the regulator lifted restrictions imposed on 16 entities, including some former employees of the IT giant. The case stemmed from suspicious trading patterns observed around Infosys’ financial results announcements …
On September 9, 2024, Awfis Space Solutions Limited, India’s leading flexible workspace provider, announced it has signed a Business Transfer Agreement with SMS Integrated Facility Services Private Limited (SMS) to sell its facility management division, Awfis Care, for ₹27.5 crore. Maple Capital Advisors acted as the sole advisor to Awfis for this deal, which is …
On September 9, 2024, Tata Power Solar Limited, one of India’s largest solar cell and module manufacturers and a subsidiary of Tata Power Renewable Energy Limited (TPREL), announced the start of commercial production at its 2 GW solar cell manufacturing facility in Tirunelveli, Tamil Nadu. This facility is the largest of its kind in India. …
JSW Infrastructure Limited has announced a capital expenditure (capex) plan of ₹2,359 crore to expand the capacity of its Jaigarh and Dharamtar ports. This initiative is part of the company’s broader growth plan to increase its overall capacity to 400 million tonnes per annum (MTPA) by FY2030, from the current capacity of 170 MTPA. As …
Bharti Airtel has announced the launch of a Fixed Deposits (FD) marketplace through its digital arm, Airtel Finance. This new platform offers customers the opportunity to invest in fixed deposits with attractive interest rates of up to 9.1% per annum. By integrating this offering into the Airtel Thanks App, Airtel Finance continues to expand its …
JSW Energy Limited has received a Letter of Award (LoA) for a 600 MW Wind-Solar Hybrid Power Project, which includes 400 MW allotted under the green shoe option, from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). This award is part of MSEDCL’s Phase IV program. This capacity increase strengthens JSW Energy’s renewable energy …
The oil and gas sector is one of India’s 8 core industries and significantly impacts decision-making across other key economic sectors. India’s economic growth is closely tied to its energy needs, leading to a forecasted increase in oil and gas demand. As of 2023, India remains the third-largest global oil consumer. Oil demand in India …
