RITES has signed a Memorandum of Understanding (MoU) with National Highways Authority of India (NHAI), under the Ministry of Road Transport and Highways, Government of India. This partnership aims to deliver consultancy services for NHAI projects in the areas of highways, bridges and tunnels and road safety audits. Under the terms of the MoU, RITES will conduct external technical audits, infrastructure health monitoring, provide quality assurance and other related services.
Sterlite Technologies (STL) has expanded its Optical Networking capability with the addition of its Optical Connectivity portfolio in the US market. This move marks a pivotal step in delivering robust, integrated optical capabilities tailored to the US customers for their FTTx needs. Armed with the ability to deliver both advanced optical fiber cable and optical connectivity products, the company aims to strategically serve its customer base of nearly 50 in the US region.
Variman Global Enterprises has received a purchase order of Rs 3.19 crore from Eastern Power Distribution Company of A.P. for supply of 678 units of Desktop Computers. The said order is to be executed by August 31, 2024.
Samyak International has acquired 16.87% additional stake in the equity share capital of Aadi Chemtrade (ACPL) on July 29, 2024 at a consideration of Rs 3.12 crore. Pursuant to the said acquisition, ACPL has become an Associate Company of Samyak International. Consequent upon the aforesaid acquisition, the shareholding of the Company in ACPL increased to 35.62% from 18.75%.
Zodiac-JRD-MKJ has signed a non-binding Term Sheet with VEM Tooling India and Marc Wienmann to acquire a 90% stake in VEM Tooling India for a consideration of Rs 28 crore to be paid in four payments over next two years. The company shall close this Acquisition in about 60 days from the date of signing the Term Sheet. The company wishes to set up a new vertical in the Automotive Components segment which has a brighter future than Diamonds and has identified this acquisition which is a running profit making company.
Rail Vikas Nigam (RVNL) has emerged as the Lowest Bidder (L1) for the 'Development of Distribution Infrastructure at CENTRAL ZONE of Himachal Pradesh under the Revamped Reforms-based and Results-linked Distribution Sector Scheme,' declared by HPSEBL.
Tata Steel has on July 29, 2024, acquired 557,32,48,408 equity shares of face value $0.157 each aggregating to $875 million (Rs 7,324.41 crore) in TSHP. Post this acquisition, TSHP will continue to be a wholly owned subsidiary of the Company.
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