Ipca Laboratories, Balrampur Chini Mills and LIC to see some action today

Ipca Laboratories has acquired further 6.53% of the paid-up equity share capital of Trophic Wellness (TWPL), a company incorporated under the Companies Act, 1956 and engaged in the business of manufacturing and marketing several SKUs of Neutraceuticals under the brand name ‘Nutricharge’. With the acquisition of these further 6.53% of the equity share capital of the said Trophic Wellness, the company now holds 58.88% of the paid-up equity share capital of said company.

Balrampur Chini Mills has commenced commercial production of Rectified Spirit / Industrial Alcohol for the additional capacity of 170 KLPD at Balrmapur Unit. With the said addition, the total distillation capacity of the company now stands at 1050 KLPD.

Life Insurance Corporation of India (LIC) has hiked its shareholding in Indian Railway Catering and Tourism (IRCTC). The corporation’s shareholding in IRCTC has increased from 4,00,42,625 to 5,82,22,948 Equity Shares increasing its shareholding from 5.005% to 7.278% of the paid-up capital of the said Company.

Wipro's FMCG arm--Wipro Consumer Care and Lighting (WCCL) has entered into the packaged food and spice segment by acquiring Nirapara, one of the largest-selling traditional food brands in Kerala. With this acquisition, Wipro Consumer Care joins FMCG firms such as Dabur, Emami, Tata Consumer Products and ITC, which are already present in the spices market.

NBCC (India) has been awarded with the work of 'Construction of new multistoried quarter complex consisting of 100 nos. of quarters by demolishing the existing 224 nos. quarters at Bhoinager, Bhubaneswar' by Odisha Power Transmission Corporation (OPTCL) for a total value of Rs. 69.3 crore (Exclusive of GST).

Tata Steel has successfully executed the implosion of two obsolete Coke Plant facilities - Battery 6 Chimney and a Coal Tower - at its Jamshedpur Works under controlled conditions, reinforcing the Company's engineering prowess. Taking giant strides towards a better tomorrow, Tata Steel is replacing the existing Coke Oven Batteries 5, 6 and 7 (combined capacity of 1MnTPA) with new Coke Oven Batteries 6A and 6B (combined capacity of 1MnTPA) in Jamshedpur, with the latest technology and higher energy efficiency.

Ashoka Buildcon’s subsidiaries -- Ashoka Concessions (ACL) and Viva Highways (VHL) have entered into a share purchase agreement (SPA) with National Investment and Infrastructure Fund (NIIF) and Jaora Nayagaon Toll Road Company (JTCL) for the sale of 28,70,00,000 equity shares in JTCL, constituting 100% of the share capital of JTCL to NIIF and settlement of certain assets for a consideration of Rs 691 crore subject to certain adjustments, as agreed under the SPA.