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 …
Jindal Stainless Ltd announced that it has provided stainless steel for the Vande Bharat sleeper coaches, whose prototype was recently unveiled by Railway Minister Ashwini Vaishnaw in Bengaluru. The company supplied high-strength tempered 301LN grade austenitic stainless steel for this notable government project. These coaches, manufactured by Integral Coach Factory (ICF) and Bharat Earth Movers …
Race Eco Chain Ltd has announced a joint venture with Ganesha Ecosphere Limited, the largest PET recycler in India. The new entity, named Ganesha Recycling Chain Private Limited, aims to revolutionise PET recycling in India. Race Eco Chain Ltd stated that the board has given initial approval for the joint venture, though the final agreement …
Wipro Limited announced that it has been engaged by JFK International Air Terminal (JFKIAT), the operator of Terminal 4 at JFK Airport, to assist in achieving its net-zero emissions goals. Wipro Consulting’s sustainability team was chosen to evaluate the terminal’s greenhouse gas emissions, devise a carbon reduction strategy, and prepare the 2023 sustainability report in …
