Ashoka Buildcon Limited has been awarded two significant contracts by the National Highways Authority of India (NHAI). The projects involve the construction of 4-lane economic corridors in West Bengal under the Hybrid Annuity Mode (HAM). Below are the details of each project: Project 1: Kharagpur to Chandrakona-Ghatal Road Project Name: Development of a 4-lane Economic…
POWERGRID Acquires KVAPTL for ₹18.95 Crore to Boost Renewable Energy Transmission New Delhi, November 19, 2024 – Power Grid Corporation of India Limited (POWERGRID), the state-owned transmission giant, has acquired Khavda V-A Power Transmission Limited (KVAPTL) for approximately ₹18.95 crore. This strategic acquisition aligns with POWERGRID’s mission to bolster India’s renewable energy infrastructure and ensure…
Godawari Power and Ispat to Acquire 51% Stake in Jammu Pigments Limited Godawari Power and Ispat Limited (GPIL) announced the acquisition of a 51% equity stake in Jammu Pigments Limited (JPL) for ₹255 crore. Approved by the Board of Directors on November 19, 2024, the transaction will be completed in multiple tranches by March 31,…
Shilpa Pharma Lifesciences Secures CEP for Nifedipine API from EDQM Shilpa Pharma Lifesciences Limited, a wholly-owned subsidiary of Shilpa Medicare Limited, has been granted a Certificate of Suitability (CEP) by the European Directorate for the Quality of Medicines & Healthcare (EDQM) for its Active Pharmaceutical Ingredient (API), Nifedipine. A CEP certifies that the API complies…
Havells India to Establish New Refrigerator Manufacturing Facility in Rajasthan Havells India Limited is enhancing its manufacturing capabilities by setting up a new refrigerator production facility in Ghiloth, Rajasthan. The new facility will have a proposed capacity of 1.4 million units. Operations are expected to commence by Q2 of FY 2027. The project involves an…
Tata Motors has launched its first Automated Manual Transmission (AMT) truck, the Prima 4440.S AMT, in Saudi Arabia, designed on the flagship Prima platform. The truck boasts advanced engineering, a powerful 400bhp Euro-V Cummins engine, and smart systems like Load-Based Speed Control and Auto Start-Stop for enhanced durability, fuel efficiency, and productivity. Unveiled during the…
NBCC (India) Limited, a National Stock Exchange-listed company, has received a significant work order worth approximately ₹112 crore. The project was awarded by the ST & SC Development, Minorities, and Backward Classes Welfare Department and focuses on enhancing educational infrastructure in Odisha. The project includes upgrading multiple Ashram schools to High Schools in locations such…
Finance Minister Nirmala Sitharaman, speaking at the 11th SBI Banking and Economics Conclave 2024, highlighted the challenges posed by high borrowing costs. She urged banks to make interest rates more affordable to enable industries to scale up and build capacities. Currently, the Reserve Bank of India’s (RBI) repo rate stands at 6.50 percent and has…
Waaree Energies Limited Q2 and H1 FY25 Financial Highlights Strong Q2 FY25 Performance:Waaree Energies Limited delivered robust financial results in the second quarter of FY25: Profit After Tax (PAT): The company achieved a 17.35% year-over-year (YoY) growth in PAT, reaching ₹3,756.59 million in Q2 FY25, compared to ₹3,201.21 million in Q2 FY24. EBITDA Growth: EBITDA…
PG Electroplast Partners with Spiro Mobility for Exclusive EV Manufacturing in India Key Responsibilities in the Partnership PG Technoplast Pvt. Ltd.: A subsidiary of PG Electroplast, PG Technoplast will establish and manage manufacturing facilities for electric vehicles, lithium-ion batteries, and related components. They will also oversee procurement of parts and raw materials as per Spiro…