JSW Infrastructure, TVS Motor and Inox Wind to see some action today

28 Jun 2024 Evaluate

JSW Infrastructure has received Letter of Acceptance from Southern Railway, Chennai Division for Contract for Construction & Operation of Gati Shakti Multi-Modal Cargo Terminal (GCT) at Arakkonam, Chennai, Tamil Nadu. This marks an additional stride towards the company’s long-term vision of building and scaling an efficient pan-India logistics network for last-mile connectivity.

TVS Motor Company has incorporated a wholly-owned subsidiary (WOS) in the name of ‘TVS Motor Company DMCC’ in Dubai, United Arab Emirates (UAE) on June 27, 2024. The said WOS is incorporated to carry out consultancy research and studies on ways to improve business performance in Middle East and African markets (MEA).

Inox Wind has incorporated wholly-owned subsidiary, namely, Pokhran Wind Energy, on June 25, 2024, as a special purpose vehicle (SPV) to develop wind farms in India. New wholly owned subsidiary has been incorporated in India and registered with Registrar of Companies, Gujarat at Ahmedabad and is yet to commence its business operations.

Exhicon Event Media Solutions’ board approved the acquisition of 76% Equity Stake of Green Branch Contracting & Land Scaping LLC and has also signed the Share Purchase Agreement for the said acquisition. Consequent to the acquisition of aforesaid 76% Equity Stake, the company's holding in Green Branch Contracting & Land Scaping LLC will be 76% upon completion of all formalities of acquisition, the said entity will become subsidiary of the Company with holding of 76% Equity Stake.

CFF Fluid Control has received the contract for procurement of Spare P75 Project from Material Organisation, Mumbai totalling to around Rs 9.58 crore (Including Tax). The said contract is expected to be completed by December 2024.

Tega Industries’ wholly-owned subsidiary -- Tega McNally Minerals (TMML) has entered into a contract on June 26, 2024 as a consortium member with India's largest producer of iron ore, NMDC, for Design, Engineering, Manufacture, Supply, Erection, Testing and Commissioning of new 7 MTPA Iron ore Screening & Beneficiation Plant - II (SP-II) (Package -1) at Donimalai Complex, Bellary, Karnataka on Turnkey basis. (the Contract). Kalpataru Projects International is the Consortium Leader.

PI Industries’ wholly owned subsidiary -- PI Industries Management Consultancies L.L.C has received approval to make ‘Rule 2.7 Announcement’ to acquire Plant Health Care Plc (PHC) (Target entity). The Target entity will become a step-down subsidiary of the Company. The acquisition will enable the Company to offer integrated agri-solutions across both chemicals and biologicals. The Rule 2.7 Announcement is the Company’s announcement that it has a firm intention to make an offer for the Target. The completion of acquisition may take around 3 months from the date of Rule 2.7 Announcement, subject to the conditions of the Rule 2.7 Announcement getting satisfied.

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