HFCL along with subsidiary bags purchase orders from Reliance Retail

Reliance Retail has given HFCL and its material subsidiary, HTL, purchase orders totaling roughly Rs 65.72 crore (including applicable GST) for the supply of optical fibre cables to one of the top private telecom operators in the nation. The aforementioned order must be carried out by October 2023. Leading developer of telecom infrastructure, system integrator,

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DLF’s arm to acquire stake in Suncloud Solar

DLF’s subsidiary, DLF Cyber City Developers, has agreed to purchase approximately 26.43% of the shares of Suncloud Solar for a cash consideration of Rs 8.41 crore through one of its wholly-owned subsidiaries, DLF Info City Chennai. The Target Entity, a special purpose vehicle owned by Cleantech Solar India OA 2, was established to carry out

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RVNL has been granted Navratna status by the Finance Ministry

Union Finance Ministry approved the promotion of Rail Vikas Nigam Limited (RVNL) from Category-I Miniratna to Navratna Central Public Sector Enterprise (CPSE). The 13th Navratna among CPSEs will be RVNL, a public sector undertaking under the Ministry of Railways.As a result, the business will have more discretion over financial decisions such as investment and joint

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ITI Ltd Commissions a 1 MW Solar Plant at its Palakkad Plant

At its ITI Palakkad Plant, multi-technology public sector powerhouse ITI Limited has put into operation a 1MW on-grid solar power plant. Shri Rajesh Rai, Chairman and Managing Director (CMD) of ITI Limited, officially opened the solar plant in the presence of Shri Prince R. V., Additional General Manager, and Shri Nagraj K. V., General Manager

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Walmart Commerce Technologies and Infosys collaborate to offer retailers omnichannel solutions

The Indian IT behemoth Infosys announced that it had partnered with Walmart Commerce Technologies to assist retailers in utilising technological solutions that streamline the experiences of customers and store employees. According to a statement from Infosys, the Bangalore-based IT giant will assist retailers in implementing and using Store Assist, which enables them to offer “seamless

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Suzlon Energy bags order for 39 MW wind power project

Suzlon Energy has received an order for its 3 MW product from First Energy 5 Private (First Energy), a Thermax Group company, for the construction of a 39 MW wind power project. 13 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a 3 MW rated capacity will be installed by Suzlon.

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KEC International bags orders worth ₹ 1,017 crore

KEC International, a company that specialises in infrastructure engineering, procurement, and construction, reported that it has received new orders totaling 1,017 crore across all of its businesses.A private developer in India has placed an order with the transmission and distribution (T&D) business of the RPG group company for a 765 kV transmission line. It has

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Ipca Laboratories to acquire 33% stake in Unichem for 1,034 crore

Ipca Laboratories announced that it has reached an agreement to buy a 33.38 percent stake in Unichem Laboratories from one of the company’s promoters for Rs. 1,034.06 crore. According to a share purchase agreement, Ipca will pay Rs. 1,034.06 crore to acquire 2,35,01,440 shares of Unichem from one of its promoters for a price of Rs.

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