NITCO Limited, a leading supplier of tiles, marble, and mosaics, has received a significant order valued at ₹105.40 crore from Prestige Estates Projects Limited. The order, focused on the domestic market, is slated for completion within six months. Additionally, NITCO anticipates further orders worth ₹104 crore from Prestige Estates based on ongoing projects. These orders…
The Board of Directors of Ambuja Cements Limited approved a Scheme of Arrangement on December 17, 2024, for the amalgamation of Sanghi Industries Limited with Ambuja Cements Limited. Ambuja Cements, the promoter of Sanghi Industries, currently holds 58.08% of its equity share capital and 100% of its 8% non-convertible cumulative redeemable preference shares. Key Details…
Indian Metals & Ferro Alloys Limited (IMFA) has signed an agreement with JSW Green Energy One Ltd. and JSW Green Energy Seven Ltd. on December 17, 2024, to procure 70 MW of hybrid renewable power. This power will be supplied under a captive consumer structure, as outlined in the Electricity Act, 2003, and the Electricity…
Minda Corporation Limited and HSIN CHONG MACHINERY WORKS CO., LTD (“HCMF”) have established a joint venture named MINDA-HCMF TECHNOLOGIES PRIVATE LIMITED. Both companies will equally contribute 50% of the share capital in cash. Incorporated in India on December 16, 2024, the joint venture aims to develop, manufacture, assemble, and commercialize automotive sunroof solutions, closure technology…
Two Indian Companies Secure Major Contracts This article highlights significant order wins by two Indian companies: RailTel Corporation of India Ltd. On December 16, 2024, at 3:00 PM, RailTel Corporation of India Ltd. received a substantial order from the Central Warehousing Corporation. The order, valued at Rs. 37.99 crore (inclusive of taxes), involves the supply,…
Happiest Minds Technologies Limited has announced the merger of Aureus Tech Systems LLC (Aureus) with Happiest Minds Inc., effective December 14, 2024. Aureus, a wholly owned subsidiary of Happiest Minds Inc., was acquired on May 27, 2024. Happiest Minds Inc., based in the USA, operates as a wholly owned subsidiary of Happiest Minds Technologies Limited….
Godavari Biorefineries Limited has announced a capital expenditure plan of approximately Rs. 130 crore to establish a new corn/grain-based distillery at its Sameerwadi manufacturing unit. The distillery will have a capacity of 200 KLPD and is scheduled to become operational by Q4 FY 2026. The project will be financed through a combination of internal accruals…
Seismic data acquisition plays a vital role in the exploration and production of oil and natural gas. It involves advanced methodologies to collect and analyze information about subsurface geological formations. 2D Seismic Data Acquisition Overview: This method involves gathering seismic data along a two-dimensional line, offering a detailed cross-sectional view of the earth’s subsurface. Purpose:…
Mamata Machinery Launches IPO to Raise ₹179.39 Crores via OFS Mamata Machinery, a leader in manufacturing and exporting plastic packaging machinery, is set to launch its Initial Public Offering (IPO). The IPO aims to raise ₹179.39 crores through an Offer for Sale (OFS) of 7,382,340 equity shares by existing shareholders. No new shares will be…
HBL Engineering Limited (formerly HBL Power Systems Limited) has secured a significant order valued at ₹1,522.40 Crores (excluding applicable taxes) from Chittaranjan Locomotive Works. The contract involves the supply, installation, and commissioning of the Train Collision Avoidance System (TCAS) (KAVACH) on 2,200 locomotives. The project is expected to be completed within 12 months from the…