Ashoka Buildcon Limited, along with its subsidiary Ashoka Concessions, has entered into an agreement to sell 11 Special Purpose Vehicles (SPVs). The sale, valued at approximately ₹2,324 crore, is being executed with Epic Concesiones 2 Private Limited and schemes managed by Infrastructure Yield Trust. The transaction involves the sale of the entire share capital, repayment …
State-owned Rail Vikas Nigam Ltd (RVNL) has been declared the lowest bidder (L1) by Central Railway for a critical infrastructure project. The ₹137.17 crore contract, inclusive of taxes, involves the design, supply, erection, testing, and commissioning of a 132/55 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in the Bhusaval-Khandwa section. On December …
Mazagon Dock Shipbuilders, a public sector undertaking (PSU), has bagged a ₹1,990 crore contract from the Ministry of Defence to construct and integrate an air-independent propulsion (AIP) plug for submarines. Order Details The order is part of two agreements signed on December 30, 2024, in New Delhi, totalling ₹2,867 crore. These include the construction of …
On December 31, 2024, shares of Easy Trip Planners fell by as much as 10% after the company’s co-founder and one of its three promoters, Nishant Pitti, revealed plans to sell his remaining 14% stake through block deals. The transaction had not been fully completed by the end of the day, as reported by CNBC …
On December 30, 2024, Lupin Limited announced the acquisition of Huminsulin® in India from Eli Lilly and Company (Lilly) to further enhance its diabetes treatment portfolio. Lupin has previously marketed the Huminsulin range of products—comprising Insulin Human, including Huminsulin R, Huminsulin NPH, Huminsulin 50/50, and Huminsulin 30/70—through existing Distribution and Promotion Agreements with Lilly in …
ITC Ltd, a diversified conglomerate, announced on Monday (December 30) that its hotel business, ITC Hotels, will be listed on stock exchanges within 60 days of receiving the National Company Law Tribunal (NCLT) order, dated December 16, 2024. The demerger of ITC’s hotel business into ITC Hotels, which has been sanctioned by the NCLT, will …
Brightcom Group shares have been suspended from regular trading for nearly 7 months and has outlined a detailed plan for the re-listing of its shares on the stock exchanges. However, a specific timeline for the re-listing is yet to be announced. In a separate exchange filing, Brightcom Group confirmed that it has met all the …
KEC International Limited is an Indian multinational corporation and the country’s second-largest manufacturer of electric power transmission towers. It is also recognised as one of the largest global companies in the fields of power transmission, engineering, procurement, and construction. KEC International Ltd. Secured New Order Worth ₹1,073 Crore On December 30, 2024, shares of KEC …
Refex Renewables & Infrastructure Limited is a prominent Indian firm that specialises in renewable energy solutions, especially in the solar photovoltaic (PV) field. With over 10 years of experience, the company provides a full range of services, including the design, engineering, procurement, construction, installation, and maintenance of solar power systems. About Acquisition On Monday, Refex …
The battery industry in India is experiencing rapid growth, driven by the increasing demand for electric vehicles (EVs), renewable energy storage, and consumer electronics. With the government’s push for green energy initiatives and a robust manufacturing ecosystem, India is emerging as a key player in the global battery market. In 2022, the market size for …
