Oil India Limited (OIL) and Indra Dhanus Gas Grid Limited (IGGL) have signed important agreements to connect OIL’s natural gas fields in upper Assam with the North-East Gas Grid’s Duliajan Feeder Line. Additionally, natural gas from OIL’s DSF block in Tripura will be transported through IGGL’s 86 km Agartala-Tulamura pipeline. This agreement is a significant …
RCCPL Private Limited, a wholly owned subsidiary of Birla Corporation Ltd, signed a Share Purchase Agreement (SPA) and a Power Purchase Agreement (PPA) on August 30, 2024. Through these agreements, RCCPL will acquire a 3.12% equity stake in Continuum MP Windfarm Development Private Limited, which includes purchasing 13,915,200 equity shares totalling ₹13,91,52,000. This acquisition will …
On August 31, 2024, Emami Limited, a major FMCG company in India, announced its plans to acquire full ownership of Helios Lifestyle Pvt Ltd, the company behind the popular men’s grooming brand ‘The Man Company’. Emami already owns 50.40% of Helios and will now acquire the remaining 49.60% stake. The Man Company is a lifestyle …
Order Secured by Oriana Power Oriana Power Limited, a prominent player in the renewable energy sector, has recently announced a significant achievement in its business operations. The company has been awarded a major contract to develop a 52 MW solar power project in Prayagraj, Uttar Pradesh. This prestigious order, valued at Rs. 247.88 Crores, comes …
Krishna Medical Institution Ltd (KIMS) just made a big announcement to expand its presence in the Visakhapatnam market. On August 30, the healthcare giant announced it had acquired a 100% equity stake in Chalasani Hospitals Private Ltd (QNRI), a well-known 200-bed hospital in the heart of Visakhapatnam. The deal, valued at Rs. 28 crore, is …
India is home to the agrochemicals business Insecticides (India) Limited. The firm produces technical goods for agriculture as well as agrochemicals and pesticides. It functions via the segment dedicated to agricultural chemicals. Insecticides (India) Ltd. is committed to advancing farmer prosperity through agriculture with a highly productive and forward-thinking vision and mission. Insecticides India has …
GPT Infraprojects, based out of Kolkata, recently announced that it has landed a Rs.204 crore project from South Eastern Railway, Kolkata, after being declared the lowest bidder. The project involves constructing two crucial road overbridges (ROBs) in the Howrah-Kharagpur section, which should make travel a lot easier in these parts. What’s in the Project? The …
A multinational diagnostics company based in India, Agilus Diagnostics Limited provides radiology and pathology diagnostic services. The company, with its headquarters located in Gurgaon, possesses the largest network of labs that have been accredited by NABL as of March 31, 2023, according to the CRISIL Report. As of March 31, 2023, Agilus Diagnostics’ extensive network …
In a significant move to bolster India’s public sector enterprises, four companies—Solar Energy Corporation of India (SECI), National Hydroelectric Power Corporation (NHPC), Satluj Jal Vidyut Nigam (SJVN), and RailTel—have been granted the prestigious Navratna status. This designation, awarded by the Ministry of Finance, empowers these companies with greater autonomy in their financial and operational decisions. …
Introduction Inox Wind Limited, one of India’s leading wind energy solution providers, has announced a major strategic move—its subsidiary, Resco Global, has secured Rs 350 crore from marquee investors. This equity infusion aims to boost Resco Global’s offerings and leverage the growing opportunities in India’s wind sector. Who is Resco Global? Resco Global Wind Services …
