Bharat Forge, KEC International and JSW Steel to see some action today

Kalyani Powertrain (KPTL), a wholly owned subsidiary of Bharat Forge and a leading global supplier of critical chassis and powertrain components, joined hands with Harbinger Motors Inc. (Harbinger), a company revolutionizing the medium-duty commercial electric vehicle industry, to form a joint venture focused on developing electric drivetrain solutions for the commercial vehicle market. The new JV, named ElectroForge, will leverage the strengths of both the partners to offer best-in-class drivetrains developed for the Class 3 through 8 markets, delivering superior efficiency and cost competency.

KEC International has secured new orders of Rs 1,108 crore across its various businesses. Transmission & Distribution (T&D) business has secured orders for T&D and Cabling projects in India, Middle East and Africa. Railways business has secured orders in the technologically enabled and conventional/ emerging segments in India. Oil & Gas Pipelines business has secured an order for laying of cross-country pipeline and associated works in India.

JSW Steel has collaborated with German-based engineering and technology company SMS group to explore multiple cutting-edge solutions and R&D projects to reduce carbon emission in its iron and steelmaking operations in India. The collaboration will enable the companies to explore opportunities together to reduce carbon emissions and produce green steel in one of the hard-to-abate sectors.

Praveg Communications (India) has received a Letter of Award (LoA) dated September 13, 2022 from Varanasi Development Authority, Varanasi for Development of 'Tent City' at Bank of River Ganges, Varanasi (Uttar Pradesh).

Infosys has collaborated with Bpost (Belgium Post), a leading postal operator and growing parcel and omni-commerce logistics partner in Europe, to secure the cloud environment and build robust cyber resilience for Bpost’s mail delivery and logistics services. Even as the postal services industry is challenged by sophisticated cyber threats, Infosys, along with Palo Alto Networks - a global cybersecurity leader, has equipped Bpost with solutions to identify and rapidly respond to suspicious security events.

The Board of Directors of SAL Steel has approved secured borrowing of money by way of Inter Corporate Loans for an amount of Rs. 125,00,00,000/ & other working capital for procurement of raw material for production of Ferro Chrome from AIA Engineering which shall be utilized for the purpose of repayment of Invent Assets Securitisation and Reconstruction as well as for Working Capital & other purposes.

The Board of Directors of Krishna Ventures at its meeting held on September 13, 2022 has discussed, considered and approved the expansion projects. The board approved Total Capex, on establishing its Plant of HVAC and Sheet Metal at Plot No. 57, Ecotech XII, Greater Noida that is excepted to commence the commercial production from 3rd Quarter of 2022, which is estimated to Rs. 10 crore in First Phase which will be financed partly through internal sources/ Debt.