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Gulshan Polyols, JBM Auto and Macrotech Developers to see some action today

10 Jan 2022 Evaluate

Gulshan Polyols has entered into a long-term offtake agreement with oil marketing companies (OMCs) such as IOCL, BPCL, and HPCL for the supply of 3.96 crore litres per annum of indigenous denatured anhydrous ethanol for Assam under the Ethanol Blending Petroleum Program. As per the offtake agreement, the supply will begin within two years with effect from 15 January 2022. To meet the supply requirements, Gulshan Polyols will install a dedicated ethanol plant with a capacity of 250KLPD at the Industrial Growth Centre in Malia, Goalpara district in Assam.

JBM Electric Vehicles, a wholly owned subsidiary of JBM Auto, has acquired 51% Equity Shares in JBM Green Energy Systems and JBM EV Industries on January 07, 2022. After the aforesaid acquisition, JBM Green Energy Systems and JBM EV Industries have become indirect subsidiary companies of the Company.

Macrotech Developers has entered into 11 joint development agreements (JDAs) with landowners so far this fiscal year, with an estimated sales revenue potential of Rs 14,500 crore. The company has projects in Mumbai Metropolitan Region (MMR) and Pune markets. It has been aggressively forming JDAs to expand presence in the micro-markets of these two cities.

KP Energy is planning to incorporate wholly owned subsidiary namely ‘KP ENERGY OMS’ for Operation and Maintenance (O&M) business. The proposed wholly owned subsidiary shall be engaged in the field of operation and maintenance of the renewable power projects.The company is planning to develop its O&M division as a separate vertical to achieve the economies of scale and streamline the focus on the core operation of O&M business. 

Amansa Holdings has sold shares of CG Power and Industrial Solutions worth nearly Rs 351 crore, through an open market transaction. Over 1.76 crore shares of the firm were sold at an average price of Rs 199 apiece. This took the total deal value to Rs 350.83 crore.

SJVN has been issued Letter of Intent by UPNEDA for 75 MW grid connected Solar Power Project at Gurhah, in Jalaun District and 50 MW grid connected Solar Power Project at jrai, in Kanpur Dehat District in the state of Uttar Pradesh through Tariff Based Competitive Bidding.

DLF has launched luxury residential project ONE Midtown located at Shivaji Marg, Moti Nagar in New Delhi. ONE Midtown is a joint venture between DLF Home Developers (DHDL), a wholly-owned subsidiary of DLF and GIC, Singapore's sovereign wealth fund.

CG Power & Indl.Soln Share Price

774.85 19.05 (2.52%)
17-Apr-2026 16:59 View Price Chart
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