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Max Ventures and Industries, NTPC and KPI Green Energy to see some action today

06 Jun 2022 Evaluate

Max Estates, wholly owned subsidiary of Max Ventures and Industries has executed a Share Purchase Agreement on June 4, 2022 for acquisition of the 100% equity share capital of Accord Hotels and Resorts. The cost of acquisition is cash consideration of RS 293 crore (Enterprise value of Rs 306 crore). Post-acquisition, Accord Hotels and Resorts will become a wholly owned subsidiary of Max Estates.

NTPC has signed a Memorandum of Understanding (MoU) with MECON to avail consultancy and project management services for its coal mines. Under the Ministry of Steel, MECON is an engineering, consultancy and contracting organisation, offering full range of services required for setting up of a project from concept to commissioning, including turnkey execution.

KPI Green Energy has received Commissioning Certificates from Gujarat Energy Development Agency (GEDA) for three Clients totaling 6.85 MWdc Creative Technologies (CPP - 5 MWdc), Chougle Salt Works Pvt Ltd (CPP - 0.25 MWdc) and Aether Industries Ltd (1.20 MWac) - IPP - 1.60 MWdc.

Inox Wind has raised over Rs 400 crore by issuing equityshares and convertible warrants. It has completed the allotment of equityshares and convertible warrants worth Rs 402.50 crore on June 2, at an issueprice of Rs 126 and Rs 132, respectively.

SJVN is planning to invest over Rs 1,000 crore to set up three renewable energy projects in Uttar Pradesh. Two solar projects with a capacity of 75 MW each will be set up at villages Parasan and Gurha in district Jalaun. The third one of 50 MW solar power project will be set up at village Gujarai in Kanpur Dehat. With these three solar power projects, SJVN is investing around Rs 1,057 crore in Uttar Pradesh.

Vedanta has raised Rs 4089 crore through Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) and allotted up to 40,890 nos. NCDs having face value Rs 10 lakh each. The duly authorized Committee of Directors at its meeting held on June 04, 2022, considered and approved the same.

MEP Infrastructure Developers’ Step-down Subsidiary viz. Bhalaji Toll Road (BTRPL) has received a Letter of Award (LOA) on June 03, 2022 from National Highways Authority of India (NHAI). BTRPL has been engaged as the user fee collection agency through e-tender for Panikholi Fee Plaza, at km 88.435 (Km 191.698 New) for section from Km 62.000 - 136.500 (New Chainage km 218.000 - Km 143.500) (Chandikhole to Bhadrak Section) of NH-5 in the State of Odisha. Period of Contract is 3 months. The operations will commence after 6 working days from the date of issuance of LOA.  The Daily Remittance for the said Project is Rs 28,77,300.

Vedanta Share Price

787.60 4.85 (0.62%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1038.95
Vedanta 787.60
Hindustan Zinc 592.35
Jain Resource Recycl 420.90
Gravita India 1639.80
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