Hindustan Zinc, HPCL and Info Edge to see some action today

Hindustan Zinc is planning to invest $1 billion (around Rs 7,440 crore) to replace diesel-run vehicles and equipment with battery electric vehicles across its eight mines in the next five years. The company, which has signed an agreement with Finnish technology firm Normet Group Oy to introduce front line battery-powered service equipment in underground mining, will deploy three of Normet SmartDrive EVs - a 'Spraymec', an 'Agitator', and a 'Charmec' - in their underground mines, in the first phase.

Hindustan Petroleum Corporation (HPCL) has signed an agreement with Convergence Energy Services (CESL) for setting up charging infrastructure in selected retail outlets at several cities across the country. Spanning 10 years, the agreement entails CESL and HPCL to jointly undertake setting up of EV charging points in Mumbai, Delhi NCR, Bengaluru, Hyderabad, Chennai, Kolkata and Pune.

Info Edge (India) has invested an amount of about Rs 7 crore in 4B Networks through its wholly-owned subsidiary. 4B is engaged in the business of enabling real estate developers and brokers to communicate with each other and conduct their business via the Broker Network Platform. It helps Brokers conduct site visits and provide home loan related services to their clients. The company already holds 12.3% stake in 4B on a fully diluted and converted basis.

Torrent Power has entered into a Securities Purchase Agreement with Lightsource India and Lightsource Renewable Energy (India) for the acquisition of 100% of the share capital and all securities of LREHL Renewables India SPV 1 (SPV). The SPV operates a 50 MW solar power plant, commissioned in April 2018, situated in the state of Maharashtra. It has a long-term Power Purchase Agreement with Solar Energy Corporation of India for full capacity for a period of 25 years.

In keeping with its aggressive expansion plans in its global business, Hero MotoCorp has started retail sales in the key market of Mexico. The company has introduced an extensive portfolio of products, including motorcycles and a scooter, thereby catering to the diverse segments of customers. These include popular motorcycles such as the Xpulse 200, Xpulse 200T, Hunk 190, Hunk 160R, Hunk 150, Eco 150 TR, Eco 150 Cargo, and Ignitor 125, and the Dash 125 scooter.

Asahi India Glass (AIS) has entered into joint venture agreement with Vishakha group for setting up of India's largest and state-of-the-art green field solar glass plant at Mundra, Gujarat, with phase-1 glass manufacturing capacity of up to 3GW of the installable capacity of solar power plants. The plant is expected to be commissioned within 18-24 months. The company will take a minority stake in the solar glass business.

Kings Infra Ventures has signed a pact with Tamil Nadu Dr. J. Jayalalithaa Fisheries University (TNJFU) Nagapattinam, Tamil Nadu for a collaborative project to develop standardized pond-based culture technique for commercially important marine species. According to the pact, the TNJFU would provide the research and analysis while Kings Infra takes care of the infrastructure and funding needs of the project.