GAIL (India) Ltd. has recently announced signing a 10-year Sales and Purchase Agreement (SPA) with ADNOC Gas, one of the UAE’s well-known natural gas companies. This deal, the first between ADNOC Gas and an Indian buyer, will see GAIL receiving up to 0.52 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) starting …
Having operated in the educational services industry for over 25 years, Planet Education has developed into a leading provider since its founding in 1999. Over 45,000 students have benefited from the company’s extensive study abroad services, which include professional counselling, university placements, and visa assistance. Planet Education operates through a network of 25 offices worldwide, …
On November 18, 2024, Hero MotoCorp share price surged up to 6%, reaching a high of ₹4,835.90, following the release of the company’s financial results for the quarter (Q2 FY25) and the half-year period (1H FY25) ending September 30, 2024. The stock opened at ₹4,801.05, signalling positive investor sentiment driven by the company’s strong performance in …
ACME Solar Holdings Limited announced that its wholly owned subsidiary, ACME Sun Power Private Limited, has secured a ₹3,753 crore term loan from REC Limited. This funding will support the development and construction of a 320 MW Firm and Dispatchable Renewable Energy (FDRE) project in collaboration with SJVN. Partnership and Key Developments The project is …
On November 17, 2024, the Anil Ambani-led Reliance Group launched the Reliance Group Corporate Centre (RGCC) as part of its VISION 2030: Growth Strategy. According to an exchange filing, the RGCC is designed to function as a strategic hub to guide the Group’s companies in pursuing new business opportunities and embracing technological advancements. Leadership Team …
Shares of City Gas Distribution (CGD) companies IGL and MGL plummeted over 10% in morning trading on November 18, 2024, after the Indian government announced a second consecutive reduction in the Administered Price Mechanism (APM) gas allocation. The 20% cut for November follows a similar reduction implemented in October, further heightening concerns about the financial …
Aditya Birla Group has committed approximately USD 20 billion in investments, primarily in manufacturing, with a goal of securing a position among the top two players across its diverse business segments. This ambitious strategy was outlined by the group’s Chairman, KM Birla, during his address at the Hindustan Times Leadership Summit on Saturday. Birla highlighted …
PTC Industries Limited, a company specialising in high-precision metal components for critical and super-critical applications, has released its financial results for the quarter and half-year ending September 30, 2024. Financial Performance Highlights (Consolidated) Total Income PTC Industries reported a total income of ₹807.9 million in Q2 FY25, reflecting a 34% year-on-year (YoY) growth compared to …
On November 13, 2024, Hindustan Zinc Limited, part of the Vedanta Group and the world’s second-largest integrated zinc producer, secured a significant achievement. The company was selected as the “Preferred Bidder” for the Dugocha Gold Block in Rajasthan through a state government auction. The Department of Mines & Geology, Rajasthan, confirmed this on November 15, …
A joint venture between NTPC Green Energy and ONGC Green Energy has emerged as the highest bidder for Ayana Renewable Power, offering approximately $650 million. About Ayana Renewable Power Ayana Renewable Power, owned by the National Investment and Infrastructure Fund (NIIF), British International Investment Fund, and Green Growth Equity Fund, operates solar and wind power …
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