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Vedanta Aluminium raises USD 250 mln via Sustainability Linked Loans

Vedanta Aluminium raises USD 250 mln via Sustainability Linked Loans

Vedanta Aluminium on Tuesday said it has raised USD 250 million (around Rs 2,045 crore) through sustainability-linked loans from international banks to finance its capital expenditure and reduce carbon footprint. Sustainability-linked loans are debt where a portion of the interest rate is linked the borrower's ability to meet sustainability targets. The loans were granted on [...]
Adani Enterprises FPO fully subscribed

Adani Enterprises FPO fully subscribed

The Rs 20,000 crore share sale of Adani group's flagship firm was fully subscribed on Tuesday after non-retail investors bid in big volumes, according to stock exchange data. As many as 4.62 crore shares were sought as against an offer of 4.55 crore. Non-institutional investors put in bids for over three times the 96.16 lakh [...]
Dharni Capital Services listed on BSE SME platform

Dharni Capital Services listed on BSE SME platform

Asia's oldest stock exchange BSE's platform for small and medium enterprises (SMEs) on Tuesday announced the listing of Dharni Capital Services Ltd, taking the tally of such listed companies on the bourse to 414. Dharni Capital Services Ltd becomes the 414th company to get listed on the BSE SME platform, the exchange said in a [...]
Hindustan Zinc to pump in USD 1 bn to replace diesel-run mining vehicles with EVs

Hindustan Zinc to pump in USD 1 bn to replace diesel-run mining vehicles with EVs

Vedanta group firm Hindustan Zinc Ltd on Tuesday said it has earmarked a USD 1 billion investment for converting its diesel-run 900-odd mining vehicles into battery-operated ones over the next five years. Hindustan Zinc is steadily switching to electric vehicles for its underground mine operations. HZL together with the Finnish technology company Normet Group Oy, [...]
Balaji Solutions, Enviro Infra Engineers get Sebi nod to float IPO

Balaji Solutions, Enviro Infra Engineers get Sebi nod to float IPO

IT hardware and mobile accessories firm Balaji Solutions and Enviro Infra Engineers, which provides solutions for waste water treatment, have received capital markets regulator Sebi's go-ahead to raise funds through initial public offerings (IPOs). The two companies, which filed their preliminary IPO papers with Sebi during August and September 2022, obtained the observation letters on [...]
Godrej Properties buys 89-acre land in Khalapur, Maharashtra

Godrej Properties buys 89-acre land in Khalapur, Maharashtra

Godrej Properties Ltd on Tuesday said it has bought an 89-acre land parcel at Khalapur in Maharashtra to develop a housing project as part of its expansion plan to grow business. In a regulatory filing, Godrej Properties informed that it has entered into an agreement for outright purchase of a land parcel in Khalapur - [...]
Keeping a tab on development related to Adani Group: PNB MD

Keeping a tab on development related to Adani Group: PNB MD

Punjab National Bank (PNB) which has about Rs 7,000 crore exposure in Adani Group entities on Monday said it is keeping a close watch on situation developing following the damning disclosures by a US short seller. The state-owned bank has total exposure of about Rs 7,000 crore. Out of that Rs 2,500 crore is related [...]
Sunlit Power collaborates with Lucas TVS for supply of 50,000 EV motors to industries

Sunlit Power collaborates with Lucas TVS for supply of 50,000 EV motors to industries

Storage battery maker and distributor Sunlit Power has collaborated with Lucas TVS under which it will supply 50,000 electric vehicle motors and controllers manufactured by TVS group company to various industries, a release said on Monday. It will include motors with 1kw-15kw capacity for various applications including those for two-wheelers, high-speed passenger autos, and pick-up [...]