The Finance Ministry has approved the upgradation of Oil India Ltd to the category of 'Maharatna', a move which will impart enhanced powers to the OIL board while taking financial decisions. ONGC Videsh is a wholly-owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC). To be eligible for the grant of [...]
SJVN is a public sector undertaking involved in power trading, thermal and hydroelectric power generation and transmission. State-owned SJVN Ltd has signed a trade agreement with Sikkim Urja Ltd for supply of 180 megawatt (MW) hydro power. As part of the agreement, power will be supplied to distribution licensees and open access consumers, SJVN said [...]
Brookfield India Real Estate Trust will garner Rs 400 crore by issuing units to sponsor group entity Project Diamond Holdings on preferential basis and also plans to raise up to Rs 750 crore through issue of commercial papers to finance acquisition of two commercial assets in Gurugram and Mumbai. Brookfield India REIT is among four [...]
The largest privately owned thermal power producer in India is Adani Power Limited (APL), which is a member of the diversified Adani Group. A 40 MW solar power project in Gujarat and 12,450 MW of thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh make up the company's total power-producing capacity. Shares of Adani [...]
Honasa Consumer Ltd, which owns FMCG brands Mamaearth and The Derma Co, and healthcare tech firm Indegene Ltd have received markets regulator SEBI's clearance to raise funds through Initial Public Offerings (IPOs). Shares of these three companies will be listed on BSE and NSE. In addition, engineering, procurement and construction (EPC) firm Vishnu Prakash R [...]
PFCCL is the wholly-owned subsidiary of Power Finance Corporation (PFC), a non-banking financial company under the Ministry of Power. PFC Consulting Limited (PFCCL) has transferred two transmission projects to Apraava Energy Private Limited, and one project to Sterlite Power. The selection of the bidder was carried out through a Tariff Based Competitive Bidding (TBCB) process [...]
One of the fastest growing realty firms in India, Elan Group on Thursday said it has given a Rs 1,000 crore contract to Leighton India for the construction of its luxury housing project in Gurugram. Leighton India is the Indian arm of Leighton Asia, a member of the internationally renowned CIMIC Group, headquartered in Australia. [...]
LT foods had announced a step up in investments in new product development and related plant and raw material needs based expansion almost a year ago, tracing that path, LT has made significant progress. Ready to eat food now has grown to 2.5%. LT Foods on Thursday said its subsidiary Nature Bio Foods has started [...]
Zydus Lifesciences Ltd, is involved in development & manufacture of formulations, biosimilars, biologics, APIs and intermediates. Zydus LifeSciences has 10 manufacturing facilities in APC & Americas and 4 R&D sites of which 2 are in India. It is the 4th largest Pharma company in India and a growing presence in other emerging markets in Asia [...]
Capital markets regulator Sebi has cancelled the registration of MMTC Ltd as a stockbroker for its involvement in illegal "paired contracts" in a case pertaining to the now-defunct National Spot Exchange Ltd (NSEL). While cancelling the licence, Sebi directed MMTC to allow its existing clients to withdraw or transfer their securities or funds held by [...]
