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,
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
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
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
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
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.
After the company’s consortium received letters of awards (LOAs) for the Krishna Marathwada Irrigation Project from the Water Resources Department, Government of Maharashtra, its stock price increased by 2.69% to Rs 20.49. The business and the other parties to its joint venture were previously recognised as the L1 (lowest) bidders for the aforementioned project. The
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
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.
According to Larsen and Toubro Ltd (L&T), its Power Transmission & Distribution (PT&D) business of L&T Construction has’significant’ engineering, procurement, and construction (EPC) orders in India and abroad. A significant order, according to the company, is one that is between Rs. 1,000 crore and Rs. 2,500 crore in value. The stock was trading at 0.60%
