During the quarter from October 2022 to December 2022, Likhitha Infrastructure said it received total orders worth approximately Rs 457.39 crore from various oil and gas distribution companies. Likhitha Infrastructure is a pipeline laying company that offers complete erection, testing, and commissioning of oil and gas pipelines, city gas distribution projects, and operation and maintenance
Rail Vikas Nigam rose 1.46% to Rs 73.05 after the company announced that it had received a Rs 166 crore order from Gujarat Metro Rail Corporation (GMRC) for the supply and commissioning of ballastless track for the Surat Metro Rail project’s Phase-1. Rail Vikas Nigam (RVNL) – ISC Projects JV has received a letter of
A Memorandum of Understanding (MoU) was signed between Hindustan Petroleum Corporation (HPCL) and NTPC Green Energy (NGEL) to accelerate India’s Nationally Determined Contribution (NDC), realise green energy objectives, and maximise contribution to the GOI’s efforts towards a carbon neutral economy. The Memorandum of Understanding (MOU) envisions cooperation and collaboration in the fields of Renewable Energy (RE),
Grauer & Weil (India) has acquired 1,50,000 Equity shares of Kamtress Automation Systems from Poona Bottling Company. Following the acquisition of said shares, Kamtress Automation Systems becomes a 100% subsidiary of Grauer & Weil (India). The acquisition is set to be completed on January 1, 2023. Previously, the company received approval to acquire 1,50,000 equity
In the December quarter, UPL’s promoters purchased a 2.29% stake on the open market in a series of bulk transactions. As a result, for the first time in five years, their stake in the company surpassed 30%. According to trading data on promoters and insiders, two promoter entities, Harmonic Ventures and Suresight Ventures, purchased nearly
General Atomics Aeronautical Systems (GA-ASI), based in San Diego, said its collaboration with Bharat Forge Ltd will result in significant capability-building for both companies and provide a boost to the Indian large, unmanned aircraft industry. According to General Atomics Global Corporation, GA-ASI is eager to collaborate with Bharat Forge in the critical field of aerostructure manufacturing.
Advanced Enzyme Technologies has completed the acquisition of a 50% stake in Saiganesh Enzytech Solutions (SESPL) by subscribing to the private placement/preferential issue of 19,991,663 equity shares of SESPL for a total consideration of Rs. 5.99 crore. SESPL’s primary business is the extraction of latex from papaya, as well as the purification and distribution of
Norges Bank/Noregs Bank, Norway’s central bank, paid more than 50 crore for 3.38 lakh shares of the Multi Commodity Exchange of India (MCX). According to bulk deal data made available by the National Stock Exchange, Norges Bank purchased 3,38,000 shares of MCX, representing a 0.7% stake (NSE). The average price paid for the shares was
Granules India Ltd. has formed a strategic partnership with Greenko Group, which is backed by GIC Holdings Pte Ltd, Abu Dhabi Investment Authority, and Japan’s ORIX Corp., to collaborate on green molecule solutions and their wider applications in pharmaceuticals in order to strengthen its position in sustainability and circular economy initiatives. According to a regulatory
Torrent Power is in talks with ReNew Energy Global to purchase 1.1 gigatonnes (GW) of green power plants for $1.2 billion. The Ahmedabad-based firm has made a non-binding offer (NBO) of $450 million for ReNew’s 350 and 450 Mw solar and wind assets. As part of its capital recycling strategy, ReNew intends to sell its
