Indian Hume Pipe Company, Muthoot Capital Services and PFS to see some action today

Indian Hume Pipe Company has bagged work order of Rs 110 crore from Public Health Engineering Department (PHED), Ajmer, Rajasthan, for Cluster Water Supply Project Package-VII of Chambal Bhilwara Water Supply Project Phase II of Jahajpur-Kotri Tehsils of District Bhilwara under Jal Jeevan Mission (JJM) with Operation and maintenance for 10 years. The project is to be completed within 15 months. The agreement will be signed in due course.

Muthoot Capital Services has completed a securitization transaction of Rs 106.46 crore on June 17, 2022. This is the first securitization / direct assignment transaction carried out by the Company during the FY 2022 - 2023. The entire pool is from the non - priority sector and has been taken after considering the guidelines prescribed by the Reserve Bank of India in this regard.

PTC India Financial Services (PFS) has signed an agreement with the Global Green Growth Institute (GGGI) for setting up a renewable energy-focused infrastructure debt fund. Under the pact, GGGI will provide technical support to PFS for the development and establishment of Renewable energy focused Infrastructure Debt Fund (RIDF).

Adani Wilmar has slashed the prices of its edible oils by Rs 10 following the government's move to reduce import duties on the commodity. The company has reduced the maximum retail price (MRP) of Fortune refined Sunflower oil’s 1-litre pack to Rs 210 from Rs 220. The MRP of Fortune Soyabean and Fortune Kachi Ghani (mustard oil) 1-litre packs has been reduced to Rs 195 from Rs 205.

Engineers India (EIL) has been entrusted by its clients for three separate projects across the diversified sectors of specialized chemicals, sunrise and infrastructure sector. The three projects involves consulting services for projects of EPCM Services for MIBK, MIBC and Offsite & Utilities Projects; RBI’s Greenfield Data Centre at Infovalley-II, EMC Park, Khurda (Bhubaneswar), Odisha; and Pre-award activities for Lignite to Methanol Project. The estimated order value of the said projects is approximately Rs 80 crore.

Suryalakshmi Cotton Mills has completed the installation of 3001 KWP Solar power plant at its Amanagallu, Telangana spinning unit which commenced operation from June 17, 2022.

Vadilal Industries USA INC., (VIU) a wholly-owned subsidiary of Vadilal Industries has signed a Stock Purchase Agreement with Krishna Krupa Corporation, USA (KKC) for subscription of shares with voting preferred stock in the capital stock of KKC, which would result in VIU holding up to 100% voting rights in KKC. KKC operates an ice creams parlour in the state of Illinois, USA. Acquisition of KKC provides VADILAL USA with ready platform to understand the parlour business operations in USA. Key learnings from KKC operations will help in preparation of a successful business plan for a nationwide parlour business.