Vascon Engineers, DLF and Tube Investments of India to see some action today

Vascon Engineers has received Letter of Acceptance amounting to Rs 95.92 crore (Excluding GST) from Pune Metropolitan Region Development Authority, Pune for Construction of Residential quarters along with Welfare Complex, Mess-Barrack, Multipurpose hall & Retail shops including all allied works, Pune. The work has been awarded on 'EPC Lumpsum basis'. The work has to be completed within 18 months from the date of receipt of Environment Clearance.

DLF had earlier raised funds through allotment of 5,000 Senior, Secured, Rated, Listed, Redeemable, Rupee denominated Non-convertible Debentures (NCDs) of the face value of Rs 10 lakh each. The NCDs are maturing in March 2024, but the Company has exercised the option to prepay the NCDs one year ahead of the schedule on annual interest reset date of March 25, 2023, as per the applicable provisions of the Information Memorandum read with Debenture Trust Deed. In view of the above, the Company will redeem the outstanding principal amount along with the accrued annual interest on March 24, 2023.

Tube Investments of India has acquired on February 23, 2023, 10,753 equity shares of the face value of Rs 10 each, representing 50% of the subscribed and paid up share capital of X2Fuels and Energy.

Krsnaa Diagnostics has inaugurated its third diagnostics center in Uttar Pradesh on February 23, 2023, as a part of the agreement with Department of Medical, Health & Family Welfare, Government of Uttar Pradesh (GOUP) for providing CT Scan services in the 8 District Hospitals in the state of Uttar Pradesh.

Borosil Renewables has commenced commercial production of Solar Glass at company's plant in Bharuch District of Gujarat from February 23, 2023. With this, the production capacity of the Company for production of Solar Glass has increased from 450 tonnes per day to 1000 tonnes per day. 

Taylormade Renewables has received new work order worth Rs 13.06 crore from Dodhia Chem-Tex, Mumbai, Maharashtra. The total work order book including this work-order stands Rs 28 crore as on February 23, 2023.

Olectra Greentech has unveiled its Hydrogen Bus in technical partnership with Reliance. The Hydrogen bus is a fully carbon-free alternative to traditional public transportation. In the wake of the depletion of natural resources and the negative impacts of air pollution and emissions, Olectra has taken the initiative to accelerate the development of Hydrogen-powered buses. This initiative will help out the Indian Government to achieve its carbon-free hydrogen ambitions. Olectra aims to contribute to the nation’s environmentally sustainable energy security through its Hydrogen buses.