Vakrangee, JSW Energy and NTPC to see some action today

Vakrangee has tied up with LendDenClub to provide investment and borrowing options to its customers in the remotest part of the country. LenDenClub is one of the leading peer-to-peer (P2P) lending platforms in India. With this integration, customers of Vakrangee can now invest and borrow through LenDenClub seamlessly. Under this partnership, Vakrangee, through its Nextgen Kendras and BharatEasy app, will now offer lending and borrowing platforms in remote parts of the country.

JSW Energy has signed a contract with GE Renewable Energy, a leading provider of wind solutions, for supply of 810 MW of onshore wind turbines for the company’s under construction pipeline of 2.5 GW of renewable projects in India. The supply of the turbines will start by the second quarter of CY2022. These turbines will produce enough green energy to meet the annual electricity requirements of more than 2.1 million households in the country.

NTPC and Electricie de France S.A. (EDF) have signed a Memorandum of Understanding (MoU) to explore potential power project development opportunities in the Middle East, Asia, Europe and Africa. NTPC is ranked as number two Independent Power Producer (IPP) in Platts Top 250 Global Energy Company Rankings. The MoU will bear witness to the cooperation between EDF, France and India’s largest power major NTPC for exploring power project development opportunities around regions of mutual interest like Middle-East, Europe & Africa.

Mahindra & Mahindra’s (M&M) new offering XUV700 has garnered 25,000 bookings in just 57 minutes of the commencement of the process. The company had announced introductory prices, ranging between Rs 11.99 lakh and Rs 22.89 lakh (ex-showroom) for the first 25,000 units of the new product.

GIC Housing Finance has received approval from board of directors to increases investment in equity share capital of GICHFL Financial Services -- wholly owned subsidiary company from existing Rs 5 lakh to Rs 75 lakh. The board of directors at its meeting held on October 07, 2021 has approved the same.

AU Small Finance Bank’s total deposits have grew 45% to Rs 39,034 crore as of September 30, 2021 (Q2FY22), as compared to Rs 26,980 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 37,014 crore as of June 2021. Gross Advance stood at Rs 36,405 crore as of September 30, 2021, posting a 32% rise in year-on-year (YoY) terms against Rs 27,534 crore as of September 30, 2020 and in quarter-on-quarter (QoQ) basis stood at Rs 34,687 crore in June 2021.

Garden Reach Shipbuilders & Engineers has signed concessional agreement with Syama Prasad Mookerjee Port, Kolkata (SMPK) for utilizing 03 Nos. Kidderpore Dry Docks along with its associated facilities October 07, 21. The concessional agreement will be for 15 years which is further extendable for another 15 years. This facility will be utilized for Ship repair and refit activities for Naval & Coast Guard Ships, Port Trust Vessels as well as Commercial Ships. As per the Concessional Agreement, the profit generated will be shared equally between company and SPMK.