Inox Wind, PSP Projects and Coal India to see some action today

Inox Wind has signed a binding agreement with Integrum Energy Infrastructure Private Limited to supply, erect and commission 92 MW of wind power projects comprising of 2 MW (113 metre rotor diameter turbine combined with 92 metre hub height) turbines with a combination of total turnkey and limited scope supply. Inox Wind shall supply, erect and commission the turbines at various locations in the states of Gujarat, Karnataka, Maharashtra & Tamil Nadu by Q3 of FY 22 for captive customers.

PSP Projects has received Letter of Acceptances (LOA) amounting to Rs. 1491.34 crores (excluding GST) for construction of medical colleges and hospitals at multiple locations at Uttar Pradesh. Additionally, the company has secured new work orders worth Rs 25.58 crore (excluding GST)for residential and institutional projects from various clients in Gujarat.

Coal India’s (CIL) board has approved 32 coal mining projects in the current financial year (till January), indicating an incremental capital of around Rs 47,300 crore. While 24 of the 32 projects are expansion of the existing ones, the remaining are greenfield (new) units. The combined incremental peak capacity of these projects is projected at 193 million tonnes per annum (mtpa). This will be in addition to the already sanctioned capacity of 303.5 mtpa.

DCW has raised Rs 410 crore through issuance of debentures to refinance debt and augment working capital. It has completed the refinancing of its debt with the issuance of NCDs (Non-Convertible Debentures) amounting Rs 350 crore and OCDs (Optionally Convertible Debentures) to be converted into equity within 18 months, amounting Rs 60 crore.

Talbros Automotive Components along with its JV partners has won multi-year orders worth Rs 304 crore. These orders are spread across its domestic and international customers. The orders will be implemented over a period of 5 years starting from current fiscal year itself and major chunk of it distributed between 2023- 2025. The order covers company’s flagship products gaskets and forgings as well products from JVs Talbros Marugo Rubber and Magneti Marelli Talbros Chassis Systems.

CMI has decided to venture into Retail foray on PAN India basis in other states to diversify the customer base and utilise the production capacity and planning to enter FMEG also. A step in this direction will open fresh avenues to find a place in B to C segment. Recently, the company undertook a pilot project in retail franchise/distribution in one of the northern state to capture the growth opportunity arising from increasing demand and encouraging results in Household and building segment.

Dr Lalchandani Labs has associated with the government on the nationwide vaccination program and for same got the approval from central and state government to be listed as COVID-19 vaccination centre. The company started with operation and expects to optimize services towards client in a better way to fight against the COVID-19 pandemic.