A 1,000 MW hydroelectric project and a 2,000 MW solar project, totaling Rs 20,000 crore in investment, will be developed by a joint venture between the state-run SJVN Ltd and Grid Corporation of Odisha (GRIDCO), according to SJVN Green Energy, an arm of SJVN Ltd. A Memorandum of Understanding (MoU) was signed by the two
Initial bids were invited for NMDC’s Nagarnar Steel Plant (NSL), and the finance ministry offered to sell a 50.79 percent stake in the business. Additionally, after the strategic buyer has been chosen through the bidding process, the government will offer NMDC a 10% stake in the resulting company. The remaining 39.21% of the company will
Godrej Properties has purchased an 18.6-acre parcel of land in Kandivali, Mumbai. The project will have a developable potential of approximately 3.72 million square feet and a revenue potential of approximately 7,000 crore. As stated by the company, the development will primarily consist of premium residential apartments with supporting retail spaces. The land is strategically
Vedanta is looking to go beyond producing in India and aid in the growth of user industries for aluminium as well as semiconductors and glass, which it will start making in the country soon. It is planning to construct a semiconductor and glass factory in Gujarat that will produce the raw materials that auto manufacturers,
Premier Explosives has received a Rs 3.45 crore order from Vikram Sarabhai Space Centre (VSSC) for the production and supply of three sets of PSOM-XL Motors (HS, MS, and NS) for their PSLV launch vehicle. This is a repeat order to be carried out at the Katepally Solid Propellant Plant. Four PSOM-XL motors have already
With effect from November 1, 2022, MOIL has fixed/revised the following prices for various grades of manganese ore and other products:
Ethos Limited has signed an exclusive partnership deal with contemporary watch brand Trilobe, to bring the finest of Haute Horlogerie to the Indian market. With this partnership, Ethos Watch Boutiques will exclusively retail Trilobe across India and the selection will be available from early 2023. The core range will include models from all Trilobe watch
On Wednesday, private sector lender Tamilnad Mercantile Bank (TMB) announced that the Reserve Bank of India had granted it permission to carry out government business on the banking regulator’s behalf. In Mumbai, the bank and RBI signed a contract designating TMB as a “agency bank” of RBI to handle government agency business. TMB was established
Manali Petrochemicals (MPL) acquires 100% stake in Penn Globe, UK (PGL) for GBP 21 million. Through its wholly owned subsidiary, AMCHEM Speciality Chemicals, the company has completed this acquisition (AMCHEM). With this acquisition, PGL has become a fully owned subsidiary of MPL, along with its two UK subsidiaries, Penn-White and Pennwhite Print Solutions. Penn Globe,
The US Food and Drug Administration (USFDA) has given Zydus Lifesciences final approval to market Topiramate Extended-Release Capsules, 25 mg, 50 mg, 100 mg, 150 mg, and 200 mg. Topiramate Extended-Release capsules are prescribed to treat epilepsy patients’ seizure control and prevention needs. It may also be used to stop migraines from occurring. The group’s
