BEML Wins INR 83.51 Crore Order from Ministry of Defence On December 10, 2024, BEML Limited, a leading Public Sector Undertaking under India’s Ministry of Defence, secured an order worth INR 83.51 crores for the supply of a 50-Ton Trailer. The trailer, designed to transport battle tanks, represents a significant achievement in BEML’s ongoing efforts…
Mahindra & Mahindra’s Acquisition of Velos Hybren Private Limited On December 10, 2024, Mahindra & Mahindra Limited (M&M) announced the incorporation of Velos Hybren Private Limited, a wholly owned subsidiary of Mahindra Susten Private Limited (MSPL). MSPL itself is a subsidiary of Mahindra Holdings Limited, making Velos Hybren a step-down subsidiary of M&M. The incorporation…
Shriram Pistons Acquires TGPEL Precision Engineering for Diversification On December 10, 2024, Shriram Pistons & Rings Limited (SPRL) announced that its subsidiary, SPR Engenious Limited (SEL), will acquire TGPEL Precision Engineering Limited. The INR 2,200 Mn deal is set to close by December 31, 2024, with final adjustments for debt and working capital. Strategic Objectives…