MSTC Limited, a Government of India enterprise, has secured a significant contract with Coal India Limited (CIL). The company has been appointed as the e-auction service provider for conducting electronic auctions of coal and coal products for CIL and its subsidiaries over the next two years. Key Highlights of the Engagement: Scope: MSTC will facilitate…
Aditya Birla Capital Limited (ABCL) has reinforced its commitment to the housing finance sector by investing ₹300 crore in its wholly-owned subsidiary, Aditya Birla Housing Finance Limited (ABHFL). This strategic infusion, executed through a rights issue, aims to bolster ABHFL’s growth trajectory and enhance its leverage ratio. Investment Details Amount: ₹300 crore Method: Rights issue,…
Syngene International Limited, a leading contract research, development, and manufacturing organization (CRDMO), has announced a significant investment to bolster its global operations. The company plans to invest up to $56 million in its wholly-owned subsidiary, Syngene USA Inc (SUSA), to facilitate the acquisition of a biologics manufacturing facility and support its operational needs. Details of…
Tata Consultancy Services (TCS), a global leader in IT services, has announced a significant strategic move to enhance its delivery capabilities. On March 11, 2025, TCS disclosed its plan to acquire Darshita Southern India Happy Homes Private Limited, a company specializing in commercial real estate development. This acquisition is poised to bolster TCS’s infrastructure by…
Zota Health Care Limited, a prominent player in the pharmaceutical industry, has recently made strategic moves to bolster its presence in the generic pharmacy sector. On March 11, 2025, the company announced the acquisition of 133,332 equity shares of its wholly-owned subsidiary, Davaindia Health Mart Limited (DIHML), through a rights issue. This investment, amounting to…
Mumbai, March 7, 2025: J. Kumar Infraprojects Limited has been awarded a major infrastructure contract from Mumbai Railway Vikas Corporation Limited (MRVC), a public sector undertaking under the Ministry of Railways. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key Details of the Contract: Project Name:…
New Delhi, March 7, 2025: RailTel Corporation of India Ltd. has won a major ₹47.5 crore contract from East Central Railway for the design, manufacturing, supply, installation, testing, and commissioning of an Electronic Interlocking System of Distributed EI in Dhanbad Division. Key Details of the Order: Awarding Authority: East Central Railway Nature of Work: Design,…
March 6, 2025 – Quality Power Electrical Equipments Limited (QPEEL) has officially acquired a 51% stake in Mehru Electrical and Mechanical Engineers Private Limited (Mehru) in a strategic move to expand its presence in the high-voltage electrical equipment sector. The Rs. 120 crore deal, executed through a Share Purchase Agreement on March 6, 2025, marks…
GMR Airports Infrastructure Limited (GMR Infra) has announced a significant acquisition that strengthens its control over GMR Hyderabad International Airport Limited (GHIAL). This move aligns with GMR Infra’s broader strategy to consolidate its position in the airport infrastructure sector. Details of the Acquisition GMR Infra will acquire an 11% equity stake in GHIAL from Malaysia…
RITES Limited has been awarded a major contract by South Central Railway for conducting a Final Location Survey of a High-Speed Elevated Rail Corridor connecting Hyderabad-Bengaluru and Hyderabad-Chennai. This crucial survey will lay the groundwork for the ambitious high-speed rail project, enhancing connectivity between key southern cities. Project Overview As part of this contract, RITES…