JSW Steel on Monday said NCLT-Mumbai has approved Rs 621-crore resolution plan submitted by its subsidiary JSW Steel Coated Products Ltd (JSWSCPL) for debt-laden National Steel and Agro Industries Ltd (NSAIL). "We now inform you that the written order of NCLT approving the resolution plan has been received," JSW Steel said in a BSE filing. [...]
GQG Partners on Monday acquired shares of hospital chain Max Healthcare Institute for Rs 415 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), GQG Partners Emerging Markets Equity Fund bought 75,50,000 lakh shares of the firm. The shares were purchased at an average price [...]
Odisha Chief Minister Naveen Patnaik on Monday inaugurated ITC's integrated consumer goods manufacturing and logistics facility at Khurda. Congratulating ITC CMD Sanjeev Puri, Patnaik urged him to expand the company's footprint in the state. He reiterated the state government's commitment to making Odisha the next industrial hub in the country. The Industrial Policy Resolution (IPR) [...]
East Pipes Integrated Company for Industry (EPIC), an associate company of homegrown Welspun Corp Ltd (WCL), has secured an order worth SAR (Saudi riyal) 1.8 billion from Saudi Aramco. "This is one of the single largest orders for EPIC from Saudi Aramco and represents the major share of the first package of the Master Gas [...]
JSW Steel and JFE Steel have signed an agreement to set up a JV company to manufacture the entire range of cold rolled grain-oriented electrical steel (CRGO) products at Vijaynagar in Karnataka. In 2021, JSW Steel and Japan's JFE Steel signed a memorandum of understanding (MoU) to conduct a joint feasibility study to establish a [...]
Tata Consultancy Services has expanded its partnership with Google Cloud for generative AI offerings, the company said on Monday. Under the partnership, TCS will leverage Google Cloud's generative AI services to design and deploy custom-tailored business solutions for the clients. "Our launch partnership with Google Cloud on generative AI enables us to rapidly create value [...]
Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) proposal to the lenders of its subsidiary Vidarbha Industries Power Ltd (VIPL) to settle its debt, sources aware of the matter said. As per the proposal, the company has offered to pay around Rs 1,200 crore in upfront cash to the lenders which include [...]
India's flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd to replace a reluctant IndianOil (IOC) for the potential acquisition of a 50 per cent stake in Tullow Oil Plc's USD 3.4 billion oilfield project in Kenya, according to people with knowledge of the matter. But the OVL-OIL duo [...]
Larsen & Toubro (L&T) on Monday said it has bagged large orders worth over Rs 2,500 crore in the domestic and offshore markets. The power transmission & distribution (PT&D) business of its arm Larsen & Toubro Construction has secured large orders to be set up on engineering, procurement and construction (EPC) basis, it said in [...]
Renewable energy solutions provider Suzlon has bagged a 204 MW wind energy project from Serentica Renewables. "Suzlon Group has bagged a significantly large order for its 3 MW series of wind turbines from Serentica Renewables - a decarbonization platform that seeks to accelerate the energy transition for energy-intensive industries," a company statement said. The company, [...]
