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KEC Secured Significant Order In Transmission & Distribution (T&D) Business

KEC Secured Significant Order In Transmission & Distribution (T&D) Business

26 August 2024

KEC International Ltd, a leading global infrastructure EPC player and an esteemed member of the RPG Group, has successfully bagged new orders worth ₹1,079 crore across its Transmission & Distribution (T&D) and Cables divisions. Within the T&D sector, the company has secured prestigious projects spanning across India, the Middle East, and the Americas. Notably, a …

Alembic Pharmaceuticals Secures USFDA Approval for Betamethasone Valerate Foam

Alembic Pharmaceuticals Secures USFDA Approval for Betamethasone Valerate Foam

26 August 2024

Alembic Pharmaceuticals Limited has informed the stock exchanges that the company received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Betamethasone Valerate Foam, 0.12%. This approval marks a pivotal step for Alembic Pharmaceuticals, as the product is therapeutically equivalent to Luxiq Foam, 0.12%, developed by …

Sprayking Invests ₹3.85M in New Casting Machinery

Sprayking Invests ₹3.85M in New Casting Machinery

26 August 2024

Sprayking Limited has announced a significant strategic move with the successful import of advanced machinery valued at ₹3.85 million from China. This acquisition represents a crucial step in the company’s expansion into the production of casting products, further establishing its leadership in the manufacturing sector. The company stated that the imported machinery, expected to arrive …

Exicom Tele-Systems Funds Subsidiaries with ₹175 Crore Loan for USA, Australia Expansion

Exicom Tele-Systems Funds Subsidiaries with ₹175 Crore Loan for USA, Australia Expansion

26 August 2024

Exicom Tele-Systems Limited has announced in a stock exchange filing that the company, on August 22, 2024, has entered into a Loan Agreement with its wholly-owned subsidiary, Exicom Power Solutions B.V., based in the Netherlands. Under this agreement, Exicom Tele-Systems will grant an unsecured loan amounting to ₹175.00 crore. The primary objective of this loan …

JSW Energy Secures 250 MW Wind Project from Adani Electricity Mumbai Ltd

JSW Energy Secures 250 MW Wind Project from Adani Electricity Mumbai Ltd

26 August 2024

JSW Energy Limited announced in a stock exchange filing that its wholly-owned subsidiary, JSW Neo Energy Limited, has secured a significant project by receiving the Letter of Award (LoA) for setting up a 250 MW Grid-connected Wind Power Project from Adani Electricity Mumbai Limited (AEML). This award was obtained through a Tariff-based Competitive Bid process, …

Zydus to Expand into Fermentation-Based Proteins with Sterling Biotech Stake Acquisition

Zydus to Expand into Fermentation-Based Proteins with Sterling Biotech Stake Acquisition

26 August 2024

Zydus Lifesciences Limited informed the stock exchanges that through its wholly owned subsidiary, and Perfect Day Inc., a Temasek portfolio company, have entered into an agreement where Perfect Day will sell its approximately 50% stake in Sterling Biotech Limited (SBL). As a result, SBL will become a 50:50 Joint Venture (JV) with equal board representation …

TCC Concept Expands into Data Centers via NES Acquisition

TCC Concept Expands into Data Centers via NES Acquisition

26 August 2024

TCC Concept Limited has announced a significant strategic move by acquiring a substantial stake in Natural Environment Solutions Private Limited (NES). The company informed the stock exchanges about the issuance of 1,29,38,448 equity shares, each with a face value of ₹10, at an issue price of ₹352 per share. This preferential share issue was executed …

ONGC Opens Well In Bay Of Bengal’s Kg Basin To Increase Oil Production

ONGC Opens Well In Bay Of Bengal’s Kg Basin To Increase Oil Production

26 August 2024

On August 24, 2024, ONGC marked a significant milestone by starting production from its fifth oil well in the KG-DWN-98/2 Cluster-2 asset. According to a stock exchange filing, ONGC has begun transporting and selling associated gas using a floating production, storage, and offloading (FPSO) vessel, emphasising its commitment to zero gas flaring. However, the company …

PTC Industries’ ATL Acquires Hot Rolling Mill, Boosting Titanium Alloy Production

PTC Industries’ ATL Acquires Hot Rolling Mill, Boosting Titanium Alloy Production

26 August 2024

On August 24, 2024, Aerolloy Technologies Limited (ATL), a wholly owned subsidiary of PTC Industries Limited, announced the acquisition of a Hot Rolling Mill. ATL, known for producing strategic and essential materials and high-quality metal components for critical and super-critical Aerospace and Defence applications, will use the new facility to manufacture plates and sheets made …

AU Small Finance Bank Sees Major Block Deal: 1.3 Crore Shares Traded

AU Small Finance Bank Sees Major Block Deal: 1.3 Crore Shares Traded

26 August 2024

AU Small Finance Block Deal  On Monday, AU Small Finance Bank Ltd. witnessed substantial market activity as 1.3 crore shares, representing approximately 1.7% of the company’s total equity, changed hands during a pre-market block window. While the identities of the buyers and sellers in this transaction remain undisclosed, the block deal has sparked considerable interest …

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