Godfrey Phillips India Ltd (GPIL), an associate of the KK Modi group and Philip Morris Global Brands Inc is a prominent player in the Indian cigarette manufacturing industry. The company is on the verge of rewarding its shareholders with a generous 1:2 bonus issue, as announced in an exchange filing ahead of its 87th annual …
Introduction MIC Electronics Limited, a prominent player in the electronic industry, has recently received a significant order from the Ratlam Division of the Western Railway Zone. This order marks a key milestone in the company’s journey, highlighting its growing footprint in the railway infrastructure sector. Order Details The order involves the supply, installation, testing, and …
Gujarat Mineral Development Corporation Limited is a major Indian state-owned mineral and lignite mining company based in Ahmedabad. GMDC was founded in 1963. Its product range includes essential energy minerals like lignite, base metals, and industrial minerals like bauxite and fluorspar. The Coal Ministry gave three commercial coal mines to GMDC: The allocation of three …
Ashoka Buildcon Ltd is a construction and infrastructure company that has strengthened its market position by using both EPC and BOT models. Recently, the company was the lowest bidder for two major infrastructure projects in the Mumbai area, with a combined estimate of Rs. 1,280.8 crore. These projects involve the design and construction of two …
On September 12, 2024, Kalpataru Projects International Limited (KPIL) announced in a stock exchange filing that the company had secured new orders/notification of awards of ₹2,774 crore. The new orders include significant contracts in several key areas: Transmission & Distribution (T&D): KPIL has won orders in international markets, expanding its reach and capabilities in the …
Rashtriya Chemicals & Fertilizers (RCF) has just announced raising up to Rs.1,400 crore by issuing non-convertible debentures (NCDs) through a private placement. The plan is to roll out these NCDs in one or more segments over the next year, but it’s all pending shareholder approval at their upcoming Annual General Meeting (AGM). What’s the Plan? …
On September 5, 2024, NLC India Limited (NLCIL) announced that it had received the Vesting Order for its Machhakata Coal Block, a major milestone for its mining projects. This coal block, the second commercial one for NLCIL and the largest in its portfolio, was officially issued by the Additional Secretary (Coal) & the Nominated Authority, …
Leading online travel platform EaseMyTrip.com ventures into electric bus manufacturing with its new subsidiary, Easy Green Mobility. This strategic move places EaseMyTrip to capitalise on the growing Indian electric vehicle (EV) market, particularly the projected 24% CAGR growth in electric buses from 2024 to 2030. The company, through an exchange filing, stated Easy Green Mobility …
PDS Limited plans to invest further in its wholly-owned subsidiary, Multinational Textile Group Limited, based in Mauritius. The investment, totalling approximately ₹84 crore (~USD 9,999,990), will be made by subscribing to ordinary shares in one or more tranches, subject to fulfilling necessary terms, conditions, and compliance with applicable laws and regulations. As MTGL is a …
Colgate-Palmolive (India) Limited has launched its latest innovation in the Visible White range, introducing the Visible White Purple toothpaste. This pioneering product, the first of its kind, features Purple optic brighteners designed to neutralise yellow tones in teeth from the very first use, according to clinical studies. It is also proven to be enamel-safe for …
