Adani Wilmar, Infosys and Azad Engineering to see some action today

12 Jul 2024 Evaluate

Adani Wilmar has entered into a Share Subscription and Share Purchase Agreement for taking a majority stake of 67% in Omkar Chemical Industries (OCIPL), Gujarat. The acquisition is in line with the company’s strategy to increase its presence in the specialty chemical industry. At an enterprise value of Rs 56.25 crore (subject to closing adjustments thereto) to be paid in cash. The acquisition is expected to be completed within 3-4 months.

Delaware Department of Labor (Delaware) has awarded Infosys Public Services (IPS), a North America-based subsidiary of Infosys, a contract to revitalize the state’s unemployment insurance tax, benefits and appeals programs. Further, the Delaware Department of Labor has engaged Infosys Public Services to develop a new system for the paid family medical leave program. Delaware will leverage the Infosys LaborForce solution to create significant improvements in key state labor programs as well as bring value to Delaware constituents with a new program.

Azad Engineering has received an Award for a tenure of 5 years from Siemens Energy Global GmbH & Co. KG, Germany to manufacture and supply critical rotating components for their Global demands of Advanced Gas & Thermal Turbine Engines.

LTIMindtree has launched Canvas.ai. The company’s cutting-edge enterprise ready AI platform, on the Snowflake AI Data Cloud. This new integration further enhances LTIMindtree’s AI capabilities, unlocks unparalleled flexibility and accelerated development, for its clients to harness the power of AI. By combining Canvas.ai’s customizability, scalability, and intuitive user interface with Snowflake’s top-tier capabilities, enterprises can swiftly transform their applications.

LT Foods has inaugurated a new state-of-the-art facility in the United Kingdom (UK). With this new facility, LT Foods is set to revolutionize the rice market in the UK and meet the growing demand for authentic and premium rice and rice-based food products. To ensure consumers experience the finest quality of rice and rice-based food products from the trusted brands of LT Foods, the facility will house the latest technology and state-of-the-art infrastructure.

Bondada Engineering’s subsidiary -- M/s. Bondada Managed Services has received work orders from M/s. Reliance Projects & Property Management Services. The orders are for TG Main SP O&M Contract Facility, TG Main SP O&M Contract Fiber & FTTx and TG Main SP O&M Contract Tower. The company has received orders worth Rs 316.82 crore for 3 years.

Taneja Aerospace and Aviation (TAAL) has received an order from Hyderabad based Company for modification and Installation of full instrumentation with Telemetry System on 42B Helicopter (2 No.); and Non-invasive instrumentation on Kamov-31 (1 No) Helicopter and ALH Helicopter (1 No). The total basic order value is Rs 5.80 crore to be executed till December, 2025.

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