Petronet LNG, Tech Mahindra and Vikas Lifecare to see some action today

Petronet LNG (PLL) has successfully concluded and executed a LNG Sale & Purchase Agreement (LNG SPA) for purchase of around 7.5 MMTPA LNG with QatarEnergy on long-term basis. This is pursuant to extension of an existing LNG SPA for LNG supply of around 7.5 MMTPA LNG Sale & Purchase Agreement on FOB basis, signed on July 31, 1999 for supplies till 2028. 

Tech Mahindra has been selected as a strategic partner for KWC Group AG, an international premium manufacturer of taps and comprehensive sanitary solutions. With this partnership, Tech Mahindra will support a significant part of KWC's end-to-end IT services, harmonizing and consolidating the current services to one dedicated supplier. Tech Mahindra is set to play a pivotal role in KWC's business transformation journey, enhancing operational efficiency through automated IT operations across business applications and global IT infrastructure.

Vikas Lifecare has acquired land to construct a new Corporate Office. The company will invest Rs 4 crore for the land and will invest another Rs 6 crore on the construction, finishing and furnishing of the office facility. A building with around 10000-12000 Sq. Ft. of floor space will be completed in the next 15 months. The land is located at a prime location in West Delhi, situated on the Main Link Road joining both the 2 Ring Roads surrounding the national capital. 

Welspun Corp has received approval from board of directors to set up 150 KMTPA DI Pipes manufacturing facility in the Middle East Region with an investment around Rs 500 crore spread over next four to six quarters. The investment will be made by the Company/ Subsidiary through a combination of debt and equity. The plant is expected to commence commercial production by H1CY2025. The Board of Directors of the Company at its meeting held on February 06, 2024 has, inter?alia, considered and approved the same. 

Power Finance Corporation’s (PFC) wholly owned subsidiary -- PFC Consulting has incorporated Special Purpose Vehicle (SPV) as its wholly owned subsidiary (WOS) namely Bhadla-III & Bikaner-III Transmission for development of ‘Transmission system strengthening for interconnections of Bhadla III & Bikaner-III complex’.  PFC Consulting has been nominated as the 'Bid Process Coordinator' (BPC) for selection of developer through tariff based competitive bidding for the Independent Transmission Projects (ITPs) by Ministry of Power, Government of India.

Asian Energy Services (AESL) has secured LoA (alongside its JV partner) from Central Coalfields (subsidiary of Coal India). The work programme encompasses Planning, Design, Engineering, Construction, Fabrication, Erection, Supply, Installation, Testing, Trial run and Commissioning of a Coal Handling Plant, along with SILO loading at KARO OCP consisting of all Civil, Structural, Electrical and Mechanical Works and Operation & Maintenance of the plant for 5 years. This esteemed project is valued at Rs 250 crore inclusive of taxes.

Louis Philippe and Peter England, menswear brands owned by Aditya Birla Fashion and Retail (ABFRL), have made their entry in Mauritius in partnership with Jetha Tulsidas. These brands have opened their first-ever exclusive stores in the Republic of Mauritius, bringing their world-class products to the island nation. Long admired for its timeless style and unwavering commitment to fine craftsmanship, Louis Philippe has chosen Mauritius, as the destination for its retail debut, opening an exclusive 1,668 sq. ft. outlet in Tribeca. This flagship store promises not only a unique shopping experience but also an exploration of the essence of contemporary masculinity.