Reliance Industries, Salasar Techno Engineering and Escorts to see some action today

Reliance Brands (RBL), the brand licensing arm of Reliance Industries has signed a joint venture arrangement with Plastic Legno SPA through which RBL will acquire 40% stake in Plastic Legno SPA’s toy manufacturing business in India. This investment by RBL serves a dual purpose, bringing in vertical integration for RBL’s toy business and helping diversify the supply chain with a long-term strategic interest in building toy manufacturing in India.

Salasar Techno Engineering received orders worth Rs 1,182 crore in 2021-22, posting a year-on-year rise of about 20 per cent. The company’s overall order book in 2020-21 was at Rs 988 crore. Out of Rs 1,182 crore, EPC (engineering procurement and construction) orders were of Rs 938 crore, orders of heavy steel structure division were worth Rs 200 crore and export orders constituted Rs 44 crore.

Escorts’ Construction Equipment Segment (ECE) in May 2022 sold 305 machines registering a growth of 96.8 percent against 155 machines sold in May 2021. In May 2022, growth trend continued in Construction Equipment industry due to low base of last year despite challenges on retail demand due to input cost escalation.

Mishtann Foods has received good response for Mishtann Pink Rock Salt and has bagged order from major retail stores for 1700 Metric tonnes. The supply of these orders will commence from July 2022. The company has journeyed into unchartered spheres and territories, elevating enroute the industry standards due to stringent quality control practices, is on a growth path with several new plans.

Knowledge Marine & Engineering Works has been awarded a contract for Capital Dredging at Mangrol Fishing Harbour Phase III Part B by Dredging Corporation of India (DCI) on May 31, 2022 for a tenure of 12 months. The total project is valued at Rs 67.85 crore plus GST. The project is being developed under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).

JB Chemicals & Pharmaceuticals’ wholly owned subsidiary -- Unique Pharmaceutical Laboratories FZE, UAE has entered into an agreement to acquire 4.76% of the paid-up capital of Biotech Laboratories, South Africa. With this acquisition of the stake, Biotech Laboratories is now wholly owned subsidiary of Unique Pharmaceutical Laboratories FZE.

Vodafone Idea (Vi) has launched its own world class ‘Ad-Tech’ platform - Vi Ads - an AI/ML driven Adtech platform, that gives marketers a programmatic media buying platform that is cutting edge and ROI focused. Riding on Vi’s deep data science technology, Vi Ads will enable marketers to engage with the operator’s over 243 million subscribers through multiple channels like Vi owned digital media- Vi App, Vi Movies & TV App, and traditional channels like SMS, IVR calls. One of the key differentiators of Vi Ads is that it will be media agnostic and empower marketers to engage with Vi users on external media channels and publisher partners of Vi Ads.