IHCL, Vishnu Prakash R Punglia and Time Technoplast to see some action today

26 Jun 2024 Evaluate

Indian Hotels Company (IHCL) has signed new Taj-branded property in Kanpur, Uttar Pradesh. The greenfield project includes 150 rooms and boasts facilities such as all-day dining, a bar, two speciality restaurants, and over 10,000 square feet of banqueting space. With this new property, IHCL will have 26 hotels in Uttar Pradesh, including 13 that are currently under development. This expansion marks a significant increase in IHCL's footprint in the region, enhancing hospitality options and contributing to local tourism and economy.

Vishnu Prakash R Punglia has received Letter of Acceptance from the Office of Superintending Engineer U.P. Jal Nigam (Urban), Naini Prayagraj for Surveying, soil investigation, engineering, design and supply of all materials, labour, T&P etc. complete, required for completion of following works of Water supply scheme for Naini Extended Area (Surface Water) in Nagar Nigam, Prayagraj. Following the submission of the tender, Vishnu Prakash R Punglia has been selected as the chosen contractor for this significant endeavor. The tender, evaluated and accepted by the competent authority, having a total value of Rs 2731.13 million.

Time Technoplast has received an additional order from Indian Oil Corporation (IOCL) for supply of Composite cylinders (LPG) for total value of Rs 55 crore. This additional demand is on account of the positive response from the end user on account of numerous advantages of using Composite cylinders like explosion proof, light weight, translucent body etc.

UGRO Capital has raised Rs 35 crore through the allotment of 3,500 Senior, Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 through private placement. The Investment and Borrowing Committee of the Board of Directors of the Company (Committee) on June 25, 2024 has approved allotment of the same.

Hitachi Energy India has received an order valued around Rs 790 crore from Hitachi Energy Australia Pty, a fellow subsidiary of the Company towards execution of Project -- Marinus Link -- Voltage Source Converter (VSC) High Voltage Direct Current (HVDC) links between Tasmania and Victoria for supply of certain equipment for execution of the project - Burnie Converter Station and Latrobe Valley Converter Station. The order is scheduled to be executed over a period of four years.

NTPC is planning to raise upto Rs 12,000 crore through the issuance of secured/ unsecured, redeemable, taxable/tax-free, cumulative/noncumulative, non-convertible debentures (Bonds/NCDs). A meeting of the Board of Directors of the company is scheduled to be held on June 29, 2024 to, inter-alia, consider the same.

DP Abhushan has commenced construction for a brand-new showroom in Neemuch, Madhya Pradesh. With 8 existing showrooms, including 4 in Madhya Pradesh (Ratlam, Bhopal, Indore, Ujjain) and 4 in Rajasthan (Udaipur, Banswara, Kota, Bhilwara), this expansion marks a significant milestone in the company's growth strategy. The company is in expansion mode and is also working internally and conducting surveys to identify new potential locations for showroom openings in Central India.

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