SJVN’s wholly owned subsidiary--SJVN Green Energy (SGEL) has signed a Memorandum of Understanding (MoU) with AM Green Ammonia (India). The AM Ammonia (India), a company under Greenko Group is developing one of the world’s largest Green Ammonia Platforms at Kakinada, Andhra Pradesh. The platforms shall be developed in two phases starting with a capacity of one million tons per annum (MTPA) and ramping capacity to five million tons per annum by 2030 – equivalent of one million tonnes per annum of hydrogen. Under this MoU, the parties have agreed to cooperate with each other for supply/ sourcing of renewable energy on long term basis for these Green Ammonia Plants on a mutually agreed terms and conditions.
Ramky Infrastructure has received Notification of Awards (NOA) from PowerGrid Energy Services (a wholly owned subsidiary of Power Grid Corporation of India) for Supply of Plant Contract (Contract Part I) and Supply of Installation Services Contract (Contract Part II) for Loss Reduction work under Results-linked, Distribution Sector Scheme (RDSS) in Leh District under Implementation of Distribution of Infrastructure works of Ladakh Power Devplopment Department (LPDD) under,' RDSS in the Districts of Leh & Kargil of UT of Ladakh. The said contracts worth Rs 131.19 crore.
Exide Industries (EIL) has invested Rs 50 crore by way of subscription in the equity share capital of its wholly owned subsidiary, Exide Energy Solutions (EESL), on rights basis. With this investment, the total investment made by the company in EESL stands to Rs 2,502.24 crore. EIL shareholding in EESL remains unchanged at 100%.
Ganesha Ecosphere has made further investment of Rs 100 crore in the Equity Share Capital of the Ganesha Ecopet, a Wholly Owned Subsidiary of the Company on June 26, 2024 by subscribing to 10,00,00,000 Equity Shares of Face Value of Rs 10 each, at PAR, on rights basis. The above invested funds will be used by the subsidiary in repayment of its debts and/ or other general corporate purposes.
NIBE has incorporated subsidiary company in the name of Nibe Space. The company has incorporated subsidiary company on June 25, 2024. The company owns 76% of the shareholding in the new entity viz. Nibe Space. The objective of incorporation is to engage in the business of research and development of space and aerospace products, focusing on propulsion systems, satellite launch vehicles and other products with related technology including design, manufacture and testing of various aerospace technology products to be used in domestic and international applications in space sector and related activities by various modes with the use of IT and its applications.
ITD Cementation India has secured a marine contract for constructing Third Berth (Jetty) and specified additional works at Dahej LNG terminal in the state of Gujarat worth around Rs 1,082 crore including taxes and duties.
Diamond Power Infrastructure has received approval for incorporation of a wholly owned subsidiary (WOS) of the Company by name ‘DICABS Nextgen Special Alloys’ in India. The WOS shall inter-alia involve in manufacturing of wire-rod, wire-drawing, strip-drawing, sheet rolling, processing, rewinding, Cables, Conductors including all kinds of machinery, Equipment, Components, tools and accessories thereof. The company is yet to commence the business operations.
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