Tembo Global Industries Secures Rs. 43.89 Crore Water Irrigation Project Tembo Global Industries Limited has won a major contract for a water irrigation project in India, valued at Rs. 43,89,00,392 (approximately USD 5.3 million). The project entails supplying Ductile Iron (DI) pipes and is expected to be completed within 12 months. Key Project Highlights Client:…
Tech Mahindra Subsidiaries Merger Tech Mahindra Limited has announced the merger of its two wholly-owned step-down subsidiaries in Costa Rica: TM Born Group CR Sociedad de Responsabilidad Limitada and Allyis Technology Solutions Sociedad de Responsabilidad Limitada. Both entities operate under Allyis Inc., USA, which is fully owned by Tech Mahindra Limited. The boards of directors…
H.G. Infra Engineering Limited Secures Bid for Gujarat Battery Energy Storage Project H.G. Infra Engineering Limited (HGINFRA) has been awarded a bid to develop Battery Energy Storage Systems (BESS) in Gujarat. The project is commissioned by Gujarat Urja Vikas Nigam Ltd (GUVNL), the state-owned power utility in Gujarat. Project Overview: Scope of Work: Establishment of…
KPI Green Energy Secures 300 MWAC Solar Plant Contract KPI Green Energy Limited has been awarded a Letter of Award (LOA) by Coal India Limited (CIL) for establishing a 300 MWAC Ground Mounted Solar PV Plant at GIPCL’s Solar Park in Khavda, Gujarat. The contract also includes a five-year Operation & Maintenance (O&M) agreement, marking…
Acquisition of Steer Hybren Private Limited Mahindra & Mahindra Limited (M&M) announced on November 29, 2024, the incorporation of Steer Hybren Private Limited (Steer Hybren) as a step-down subsidiary. The entity is now a wholly-owned subsidiary of Mahindra Susten Private Limited (MSPL), which is itself a subsidiary of Mahindra Holdings Limited (MHL), a wholly-owned subsidiary…
Key Highlights: Royal Enfield, the motorcycle brand of Eicher Motors Limited, sold 82,257 motorcycles in November 2024, reflecting a 2% growth compared to November 2023, when sales stood at 80,251 units. This figure encompasses both domestic and international markets: Domestic sales: 72,236 motorcycles, marking a 4% decline compared to the previous year. International sales: 10,021…
ITC Limited Acquires Greenacre Holdings in Internal Restructuring Move On November 29, 2024, ITC Limited acquired full ownership of Greenacre Holdings Limited (GHL) by purchasing 4,20,60,166 equity shares from Russell Credit Limited (RCL), a wholly owned subsidiary of ITC. With this transaction, GHL becomes a direct wholly owned subsidiary (WOS) of ITC Limited. Details of…
Macrotech Developers Acquires Janus Logistics and Industrial Parks for Strategic Expansion Macrotech Developers Limited, widely recognized as Lodha, has finalized the acquisition of Janus Logistics and Industrial Parks Private Limited (JLIPPL). Through a Share Purchase Agreement (SPA) executed on November 29, 2024, Lodha acquired a 100% stake in JLIPPL for a cash consideration of ₹47.94…
TVS Motor Company Limited has announced a significant acquisition, increasing its stake in DriveX Mobility Private Limited (“DriveX”) to 87.38%. This follows the signing of a share purchase agreement on November 29, 2024, through which TVS Motor will acquire an additional 39.11% equity stake for ₹97.78 crore. Key Highlights of the Acquisition: DriveX Overview: Established…
The agreement between Lloyds Engineering and FINCANTIERI S.p.A. is a formal arrangement outlining how the two companies will work together. Here’s a breakdown of its key points, explained in simpler terms: 1. Agreement An agreement is a formal understanding between two parties. In this case, Lloyds Engineering and FINCANTIERI S.p.A. have agreed to collaborate on…