Adani Ports, Lemon Tree Hotels and Easy Trip Planners to see some action today

The Phoenix Mills Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 503100 | NSE: PHOENIXLTD

27 Feb 2023 Evaluate

Adani Ports and Special Economic Zone (APSEZ) has crossed 300 MMT of cargo handling on February 23, 2023, in just 329 days, beating its own milestone from last year of 354 days. APSEZ has registered unprecedented growth since it started operations over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly.

Lemon Tree Hotels has signed a License Agreement for a 110 room property in Kasauli, Himachal Pradesh under the Company’s brand ‘Aurika’. The hotel is expected to be operational in November, 2024. The property shall be operated by Carnation Hotels, a subsidiary and management arm of Lemon Tree Hotels.

Easy Trip Planners has entered into an advertisement agreement with Capri Global Holdings for 5 years starting from the first (1st) season of the Women's Premier League T20 Cricket League Tournament. Capri Global Holdings (Advertiser) is engaged in the business of sporting and other activities and it owns the franchise rights of team for Lucknow, Uttar Pradesh, India named as UP WARRIORZ (UP WARRIORZ / Team) in Women's Premier League T20 Cricket League Tournament (WPL), being organised by the Board of Control for Cricket in India (BCCI).

The National Company Law Tribunal (NCLT) has approved Tega Industries’ Resolution Plan for the acquisition of McNally Sayaji Engineering (MSEL), as per the order dated February 24, 2023. This acquisition by Tega represents a decisive initiative towards long-term portfolio (products and services) expansion. This wider portfolio is expected to enhance the Company’s sustainability. The acquisition is expected to be completed over the next two months. The financing for the acquisition will be through an optimal mix of internal resources and debt.

HCL Technologies will showcase cutting-edge solutions designed to accelerate 5G enterprise adoption and build foundations for emerging standards at the Mobile World Congress (MWC) in Barcelona from February 27 - March 2.

Phoenix Mills’ (PML) wholly owned subsidiary -- Palladium Construction (PCPL) has completed the acquisition of a prime land parcel, admeasuring approximately 5.5 acres, in Alipore, Kolkata. This acquisition marks a significant milestone for the Company as it expands its footprint in the residential segment with a premium development in the prime and exclusive neighbourhood of Alipore, Kolkata.

IRB Infrastructure Developers has received Letter of Award (LoA) from National Highways Authority of India (NHAI) for the project of ‘Upgradation to Six Lane with paved Shoulder of NH-27 from Samakhiyali to Santalpur section from km. 339+200 to Km. 430+100 in the State of Gujarat on BOT (Toll) Mode.’ The total project cost is Rs 2,132 crore.