Adani Energy Solutions (AESL) has established a wholly owned subsidiary, Adani Energy Solutions Step-Ten Ltd (AESSTL), registered in Ahmedabad, Gujarat, on December 18, 2024. According to a regulatory filing, AESSTL will focus on power transmission, distribution, and related infrastructure services. The subsidiary is yet to start business operations. AESSTL’s authorised and paid-up share capital is …
ITC, a prominent multi-sector conglomerate, has generated considerable buzz with its announcement to demerge its hotel business, effective January 1, 2025. The decision, revealed on December 17, 2024, has sparked market interest, particularly after receiving robust shareholder support earlier this year. ITC Demerger Overview The demerger of ITC Limited and ITC Hotels Limited (ITCHL) was approved by …
Zodiac Energy Limited, a leading player in the renewable energy sector, has announced its first international rooftop solar order. The project is based in Kitwe, Zambia, and involves designing, engineering, supplying, installing, testing, and commissioning a 2 MWp grid-tied rooftop solar system with a battery energy storage system (BESS). This turnkey project has been awarded …
Honeywell India, a subsidiary of Honeywell International, is integral to the company’s worldwide operations. With a robust presence in India for more than 80years, Honeywell engages in various industries, providing innovative technologies to tackle the nation’s specific challenges. Contract from EESL The company has secured a contract to offer building automation solutions for Exide Energy …
Linc Limited shares will trade ex-date today, December 20, following two significant corporate announcements: a stock split and a bonus issue. Both corporate actions will impact shareholders starting from today. Linc Limited Stock Split The company has announced the subdivision (or split) of its equity shares. Each existing equity share with a face value of …
Kalpataru Projects International Ltd. has announced plans to prepay its outstanding non-convertible debentures (NCDs) before their scheduled maturity. The move aligns with regulatory compliance and reflects the company’s robust financial management. Prepayment of NCDs Scheduled for January 2025 The Board of Directors of Kalpataru Projects will convene on Dec. 24 to discuss the early prepayment …
Lemon Tree Hotels was in focus on Friday. On December 20, 2024, Lemon Tree share price opened at ₹157.53, the same as its previous close of ₹157.53. At 11:11 AM, the share price of Lemon Tree was trading at ₹155.55, down by 1.26% on the NSE. Notably, on December 19, the stock touched its 52-week high at …
GE Vernova T&D India Ltd. announced receiving a ₹400 crore order from Sterlite Grid 32 Ltd. for the supply and supervision of high-voltage (HV) equipment. The project, awarded under tariff-based competitive bidding (TBCB), is expected to be completed within two years, as per an exchange filing. This domestic order adds to the company’s portfolio of …
Uno Minda’s shares made a jump today, on Friday with a 4.1% jump, reaching ₹1,090 per share at its peak on the Bombay Stock Exchange (BSE). The stock cooled off slightly to ₹1,073, still reflecting a solid 2.48% increase at 10:40 AM. With this rise, Uno Minda’s market cap stood at ₹61,607.72 crore. The stock …
Ola Electric, India’s largest electric vehicle (EV) manufacturer, has announced a major milestone in its #SavingsWalaScooter campaign. On December 25, 2024, the company will expand its network to 4,000 stores nationwide, establishing one of the most extensive EV distribution infrastructures globally. This expansion is a key step in Ola Electric’s mission to provide affordable and …
