NESCO Secures Contract for Wayside Amenities on Hyderabad-Visakhapatnam Expressway NESCO has won a prestigious contract to develop, operate, and maintain wayside amenities along the Hyderabad-Visakhapatnam Expressway in India. The contract was awarded by National Highways Logistics Management Limited, a subsidiary of the National Highways Authority of India (NHAI). Key Highlights of the Contract: Scope of…
Aster DM Healthcare Limited Investment in Affinity Holdings Private Ltd Aster DM Healthcare Limited (“the Company”) invested USD 4.9 million in Affinity Holdings Private Ltd (“Affinity”) to enable Affinity to meet specific payment obligations as agreed under the Sale and Purchase Agreement (“SPA”). This investment supported Affinity in addressing commitments, including payment leakages and indemnities,…
Bhartia Family Acquisition of Hindustan Coca-Cola Beverages (HCCB) The Bhartia family, leading the Jubilant Bhartia Group, is set to make a significant entry into India’s beverage market with the acquisition of a 40% stake in Hindustan Coca-Cola Beverages (HCCB), the exclusive bottling arm of Coca-Cola India. This acquisition, valued at Rs 12,500 crore, represents the…
Strides Pharma Science Limited Demerger The National Company Law Tribunal (NCLT), Mumbai Bench, approved the Scheme of Arrangement between Strides Pharma Science Limited (“Strides”), Steriscience Specialities Private Limited, and Onesource Specialty Pharma Limited (“Onesource”) on November 14, 2024. This scheme facilitates the demerger of certain business units from Strides and Steriscience into Onesource. Highlights of…
Capacity Expansion at Lo Ami Organics Limited The sources outline a major capacity expansion initiative by Lo Ami Organics Limited at its Jhagadia facility. Below are the key highlights of the project: Product Focus: The expansion will target the production of electrolyte additives. Current Capacity: The company presently has no capacity for producing electrolyte additives….
BEML Secures ₹136 Crore Contract for High Mobility Vehicles BEML Limited, a leading public sector undertaking under the Ministry of Defence, has been awarded a ₹136 crore (approximately USD 16.4 million) contract to supply High Mobility Vehicles (HMV) 8×8. This contract, a significant milestone for BEML, emphasizes its expertise in defense manufacturing and commitment to…
Summary of United Drilling Tools Limited’s (UDTL) Order from Vedanta Limited Order Details:UDTL has secured a significant order worth ₹1,486.62 million (approximately USD 18 million) from Vedanta Limited (Cairn Oil & Gas), to be fulfilled over three years. Scope of Supply:The order includes Oil Country Tubular Goods (OCTG), specifically: Casing Tubing Pup joints X-overs Application:These…
Diamond Power Infrastructure Limited is taking a significant step toward market diversification with its latest asset acquisition. The company, renowned for its aluminum conductors and cables, is now investing ₹49.74 crores in machinery and equipment from four sellers to expand into the copper wire and cables market. This strategic move underscores Diamond Power’s commitment to…
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…