Wipro, Dilip Buildcon and Prestige Estates Projects to see some action today

22 Oct 2020 Evaluate

Wipro has entered into an agreement with SAP SE to deliver SAP Enable Now. This custom enablement platform by SAP will help organizations adapt faster to technological changes and accelerate globalization. With this agreement, Wipro can offer its clients tailor-made industry and line-of-business-specific learning tutorials and training assets, in addition to existing contextual help and guided tours delivered by SAP.

Dilip Buildcon's joint venture (JV) i.e Dilip Buildcon- Altis Holding Corporation has been declared as L-1 bidder for a new EPC Project viz. 'Construction of Eight Lane access controlled Expressway starting near Junction with NH-12 near village Ummedpura to Major bridge over Takli river near NayagaonJageer village (Ch. 419.000-427.300) section of Delhi - Vadodara Green field Alignment (NH-148N) under Bharatmala Pariyojana in the State of Rajasthan on EPC Mode (Pkg-15).' The bid project cost is Rs 1000.08 crore and the completion period for the project is 30 months.

Prestige Estates Projects has entered into a Limited Liability Partnership agreement (LLP) with Mysore Projects, a wholly-owned subsidiary of Brigade Enterprises in Prestige OMR Ventures LLP. The two leading developers have jointly taken a 7.5-acre land on a 99-year lease located at Old Madras Road (OMR) in Bengaluru. Prestige Estates and Mysore Projects are the partners in Prestige OMR Ventures LLP in the ratio of 70 percent and 30 percent, respectively. Both the partners will make equity investments as well as raise debt to develop this premium commercial project.

KIC Metaliks has commissioned a Pulverized coal injection (PCI) system for the existing Mini Blast Furnace (MBF) and a 25m2 Annular Sinter Plant on October 20, 2020. After this expansion cum modernisation, the production capacity of the existing MBF will also increase from 1,65,000 MTPA to 2,35,000 MTPA.

Yes Bank has introduced festival season offers with discounts on processing fee on loans, low-cost EMIs, gift vouchers, cashbacks as well as various consumer loans at competitive interest rates. Unveiling the 'Khushiyon Ki Karein Zimmedari Se Tayyari' campaign, it said customers can avail hassle-free loans – personal and business loans, two-wheeler and auto loans up to 100 per cent of on-road prices – at competitive interest rates, topped up with tailored options and flexible payment plans.

Ugro Capital has raised Rs 20 crore through Secured, Redeemable, Listed, Non Convertibles Debentures (NCDs) and allotted 200 NCDs having face value of Rs 10,00,000 each on a Private Placement basis. The board of directors at its meeting held on October 21, 2020 has approved and allotted the same.

Indian Energy Exchange (IEX) has recorded 13.2% rise in electricity sales to16,486 million units (MU) in the September quarter, as power demand accelerated and returned to pre-COVID levels. The second quarter witnessed a sharp recovery in industrial activities and electricity consumption, owing to easing of the lockdown restrictions across the country. The electricity volumes on the exchange witnessed an increase of 13.2 per cent Y-o-Y (year-on-year) in Q2FY21 (July-September 2020) and stood at 16,486 MU as compared to 14,560 MU in Q2FY20 (July-September 2019).

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