SJVN, Macrotech Developers and Coromandel International to see some action today

SJVN has bagged a 90 MW floating solar project worth Rs 585 crore at Omkareshwar, in Madhya Pradesh. SJVN has bagged 90 MW Floating Solar Project at the rate of Rs 3.26/Unit on Build Own and Operate basis in a tender floated by REWA Ultra Mega Solar (RUMSL).  SJVN will develop this project in the country's largest floating solar park at Omkareshwar in Khandwa District of Madhya Pradesh.

Macrotech Developers will invest Rs 3,800 crore this fiscal year on construction of its various ongoing and new projects as it has set a target to deliver 10,000 homes by next March.  The company had spent about Rs 2,600 crore on construction last fiscal year.  It attributed the increase in expenditure on construction to a significant rise in number of projects being executed and a strong pipeline of new launches.

Coromandel International is set to acquire 45% equity stake in Baobab Mining and Chemicals Corporation (BMCC), a rock phosphate mining company based in Senegal, Africa at an outlay of $ 19.6 million (Rs 150-crore approximately), besides loan infusion into BMCC of a further $9.7 million (Rs 75-crore approximately). The acquisition is happening through its wholly owned subsidiary Parry Chemicals. The transaction is expected to be completed in the second quarter of FY 2022-23 and is subject to satisfactory completion of conditions precedent as contained in the Agreements.

Chalet Hotels’ board has approved allotment of 2,000 Secured, Unlisted, Non-Cumulative, Redeemable and Non-Convertible Debentures (NCDs) aggregating to Rs 200 crore to International Finance Corporation on a Private Placement basis. The Finance Committee of the Board of Directors of the Company has on May 06, 2022 approved allotment of the same.

INOX Leisure has commenced the Commercial Operations of a Multiplex Cinema Theatre taken on Lease basis, located at INOX Leisure, 4th Floor, Sattva Necklace Mall, Kavadiguda Main Road, Secunderabad, with effect from May 6, 2022. 

Mphasis has inked a strategic partnership with Securonix, a leader in next-gen Security Information and Event Management (SIEM), offering cloud-based cyber security threat detection and response services. This collaboration brings together Securonix's analytics-driven detection and automated response tools and Mphasis’ Digital & Cyber Defense expertise, to provide future-ready Cyber Threat Monitoring and Response services to enterprises, and government agencies globally. As a result, customers can run their businesses in a secure ecosystem, improve effectiveness and resiliency of their organizations.

Ashok Leyland has joined hand with Tirex Chargers to create the charging Infrastructure for their e-Bus Fleet in Bangalore. The government of India is encouraging the concept of electric vehicles in line with their Swachh Bharat Abhiyan. The state governments are also co-operating in this noble initiative. A prominent example of this is the upcoming project of BMTC (Bangalore Metropolitan Transport Corporation), where Ashok Leyland is going to supply electrical buses with EV chargers.