Adani Transmission’s wholly owned subsidiary -- Adani Electricity Mumbai (AEML) is planning to execute a transmission line and sub-station project at suburban Vikhroli in Mumbai which will enhance the power supply by 1,000 MW to the financial capital, by the end of next year. There will be growth in power load in the megapolis and the mismatch between generation and load growth, the company is now committed to execute two critical transmission projects that would help channelise additional power to Mumbai.
Dwarikesh Sugar Industries has commissioned a 40 MT per day capacity Co2 plant within the precincts of its distillery at Dwarikesh Nagar unit on October 17, 2020. The plant envisages capturing of Co2 emission from distillery operations and selling the same on commercial basis which would commence from the October 19, 2020. Though a small, yet a very significant step, as it reinforces the company's commitment to provide clean & healthy environment to the society. The sale from said product would be classified under the head 'Miscellaneous sales'.
Bajaj Auto has launched the refreshed versions of its Pulsar NS and Pulsar RS series motorcycles with new looks and fresh colours ahead of the festival season. The Pulsar RS 200 with dual channel ABS (anti-lock braking system) is priced at Rs 1,52,179, while the NS 200 is priced at Rs 1,31,219. The refreshed version of Pulsar NS 160 is priced at Rs 1,08,589 and all these prices are ex-showroom (New Delhi).
Bank of Baroda (BoB) has signed memorandum of understanding (MoU) with Mahindra and Mahindra (M&M) for tractor finance business. The lender, through its over 5,000 rural and semi-urban branch network, will provide tractor loan facility to customers of M&M. This MoU will give a boost to agri business and will help farmers in availing hassle-free credit facilities for buying tractors.
DLF Cyber City Developers (DCCDL), the joint venture between DLF and Singapore sovereign fund GIC, has raised Rs 2,400 crore debt from India's largest lender SBI to refinance its existing debt and fund future expansion plans. The fund has been raised through the LRD route against a rental portfolio of 2.4 million sq ft area in Cyber City, Gurugram. The debt has been raised at a very attractive interest rate of 7.35 per cent, enabling the company to reduce interest cost.
Dollar Industries is looking at acquisition opportunities as it plans to enter the booming lingerie business by the first half of next financial year (H1FY22). It is also looking at building up its kid’s portfolio and getting into readymade garments segment for kids. The company is also eyeing up to 10 per cent growth in revenue at about Rs 1,050 crore in the current fiscal.
Tata Motors has collaborated with HDFC Bank for financing of its passenger vehicles. Through the partnership, it has introduced two new schemes -- 'Gradual Step Up Scheme' and 'TML Flexi Drive Scheme' with an eye on making its products more accessible and driving up sales in the festive season.
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