GPT Infraprojects, HFCL and Tata Motors to see some action today

GPT Infraprojects (GPT) has bagged an order valued at Rs 187.81 crore. The order has been received from Office of the General Manager, Tender & Contract, Maharashtra Rail Infrastructure Development Corporation, 2nd Floor, Hoechst House, Nariman Point, Mumbai for construction of Cable Stayed Road over Bridge (ROB) near Byculla railway Station at Railway Km 3/16-18 between Sandhurst Road - Byculla stations on CSTM-Dadar Section in Mumbai Division of Central Railway. The company has current orders in hand of nearly Rs 2,072 crore including cumulative order inflow of Rs 188 crore in the current financial year.

HFCL has received the Purchase Order (PO) of Rs 119.14 crore, from one of the network and engineering service provider, for supply of Optical Fibre Cables (OFC). The contract is to be executed within Nine months.

Tata Motors has incorporated a wholly owned subsidiary, viz., Tata Passenger Electric Mobility (TPEML). The Ministry of Corporate Affairs, Government of India has issued the Certificate of Incorporation on December 21, 2021. TPEML has been incorporated to manufacture, design, develop all kinds of services related to electric vehicles/electric mobility, hybrid electric vehicles of all kinds and all descriptions for carrying passengers or other personnel, whether propelled, moved, drawn or assisted by means of electricity, battery, solar energy, or any other power devices whatsoever; engines, motors, parts, components, accessories and related equipment thereof, as well as activities required for establishing and undertaking the assembly, manufacture, fabrication, sales, after sales services, marketing, promoting and/or servicing facilities.

Bombay Stock Exchange (BSE) has signed a MoU with the Nashik Sarafa Association continuing its efforts to grow and develop the commodities and derivatives market in India. The MoU aims to deepen the understanding of commodities and derivatives market amongst its stakeholders while, educating them on its benefits and also encouraging them to hedge on exchanges. Both the parties shall also work together on developing new products on bullion commodities contract.

KDDL has acquired 2,000 (0.20%) equity shares of Rs 10 each of ‘Kamla Tesio Dials’ (KTDL), subsidiary of the company. Post the acquisition, shareholding of the company has increased from 69.79 % to 69.99%. The acquisition will help the company to capture additional market share of customers in domestic market.

Vivanta Industries has received a Letter of Intent (LoI) from Vitaanova Healthcare Uganda for execution of a pharmaceutical project for manufacturing tablets, capsules and oral liquids on a turnkey basis including planning, designing, engineering, construction, supply, installation and commissioning of plant and machinery along with obtaining WHO approval.

Gujarat Pollution Control Board (GPCB) has granted a Consent to Establish (NOC) for setting up of Industrial Plant for Manufacturing of Precast vide its letter dated December 21, 2021 and the PSP Projects has started manufacturing activities. The Consent to Establish (NOC) is valid upto November 03, 2028.