On Earth Day 2025, FMCG giant Marico Limited highlighted its strong commitment to environmental sustainability. As part of its ongoing clean energy journey, Marico’s Jalgaon manufacturing unit signed a Green Energy Agreement with the Maharashtra State Electricity Distribution Company Limited (MSEDCL) in January 2025. Through this agreement, the Jalgaon plant will now source 100% of …
Evren, an Indian renewable energy platform launched by Brookfield in partnership with Axis Energy, has signed a 300 MW Power Purchase Agreement (PPA) with NTPC, a government-owned power company. This agreement is focused on delivering reliable and scheduled renewable energy. Details of the Renewable Energy Project The project will involve setting up around 1 GW …
Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have signed a Memorandum of Understanding (MoU) to jointly explore new power project opportunities. Purpose of the MoU The MoU aims to set up 2×800 MW Ultra Supercritical power units at the Chandrapura Thermal Power Station (CTPS) in Jharkhand with an investment of ₹16,500 crore. The …
Housing and Urban Development Corporation Limited (HUDCO) has been allowed to raise funds by issuing Zero Coupon Bonds worth ₹5,000 Crores. Key Features of the Bonds Name of Bond: Ten Year Zero Coupon Bond Tenure: 10 years and 1 month Issue Deadline: On or before 31st March 2027 Maturity Amount: ₹5,000 Crores Discount Amount: ₹2,351.49 …
HG Infra Engineering Limited has been declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd (GUVNL) for the development of a standalone battery energy storage system in Gujarat. The project involves a capacity of 300 MW/600 MWh out of a total of 500 MW/1000 MWh under the Phase-VI round of tariff-based global competitive bidding. …
Maithan Alloys Limited has signed an agreement to acquire 80% equity shares of Goldtree Impex Private Limited. The acquisition is valued at ₹0.02 crore and is expected to be completed by May 15, 2025. The payment will be made in cash. The company confirmed that no regulatory approvals are required for this transaction. As of …
Oriental Rail Infrastructure Limited has been awarded a supply and installation contract worth ₹1,50,37,920 by the Integral Coach Factory (ICF), Chennai, a key unit of Indian Railways. The scope of the contract includes the supply and installation of 18 sets of one coach set of seats and berth components for LWSCWAC/EOG coaches. The company …
Poonawalla Fincorp Limited (PFL) has announced its strategic entry into the fast-growing consumer durable loans segment. This move is marked by the launch of its Consumer Durables Loans business along with a digital EMI card offering pre-approved limits. These initiatives aim to simplify purchases for customers and deepen the company’s presence in the retail lending …
Hyundai Motor India has reported a strong fiscal performance for FY25, with SUVs continuing to dominate its sales portfolio. The company revealed that SUVs accounted for an impressive 68.5% of its total sales, marking an 8% increase from the previous fiscal year. SUVs Take the Lead in Hyundai’s Portfolio In FY25, Hyundai Motor India recorded …
The Corporate Affairs Ministry (MCA) of India has announced that it will take appropriate action in the case involving Gensol Engineering, following a recent order issued by the Securities and Exchange Board of India (SEBI), as per news reports. The order prohibits the promoters of Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, from …
