MoneyWorks4Me

Tata Power Company, Thomas Cook (India) and We Win to see some action today

01 Aug 2024 Evaluate

Tata Power Company’s step down subsidiary---TP Parivart has signed a Power Delivery Agreement with Tata Steel, one of India's leading steel manufacturing companies, for a 70 MW group captive solar power plant at Akola, Maharashtra. The project is expected to generate 154 million units (MUs) of power annually and reduce carbon emissions by 1,15,000 tonnes. TP Parivart is a subsidiary of Tata Power Renewable Energy (TPREL) and TPREL is a subsidiary of Tata Power Company. 

Thomas Cook’s (India) board approved further investment in Indian Horizon Marketing Services, wholly owned subsidiary of the Company, upto an aggregate value of Rs 2.50 crore by way of subscribing to the rights issue / further issue of capital in one or more tranches offered by it.

We Win has received work order for Appointment of an Agency for Operating the Assam Power Distribution Company (APDCL) Customer Call Centre. Total value of the project for 2 years is Rs 10.81 crore inclusive of GST.

Maestros Electronics & Telecommunication System has received Purchase Order from DG Armed Forces Medical Service (Department of Defence) for Delivery of 178 pieces of Product named Portable Light Weight Computerized Multi Channel ECG Machine with Capacity of acquiring all the 12 leads simultaneously, Printing on A4 Size Thermal Paper with auto measurements parameters complete.

Larsen & Toubro’s (L&T) Buildings & Factories (B&F) business vertical has won an order to construct a state-of-the-art automobile manufacturing plant for a prestigious company. The plant is to be constructed near Bengaluru by adhering to IGBC norms. The scope entails comprehensive design, execution of civil, structural, architectural and MEPF services. The Buildings & Factories vertical of L&T has immense expertise and wide-ranging experience to undertake all types of EPC projects for a variety of sectors. Over the years, it has acquired the capability to execute complex industrial projects on a design-and-build basis and has emerged as a total solutions provider in the factory construction segment.

Zee Entertainment Enterprises has received approval to acquire additional 20% stake in Margo Networks (Margo), a subsidiary of the Company. The Company holds 80% stake in Margo. The acquisition of 20% stake in Margo is for better administrative control and efficiency as a 100% subsidiary. Margo was incorporated on August 17, 2016 and offers technology platform to connect end consumers with various over the top players across media, commerce, and other industries. Margo does not have any presence outside India. The Board of Directors of the Company in its meeting held on July 31, 2024 has approved the same.

HCL Technologies (HCLTech) has launched advanced clinical trials and diagnosis solution in collaboration with Denodo, a leader in data management and Amazon Web Services (AWS) ecosystem solutions, to accelerate the pace of diagnosis and treatment research. Leveraging the Denodo Platform -- a logical data integration, data management and data delivery solution on AWS Cloud -- HCLTech has developed data assets that can be integrated into customers’ data analytics landscape for modernized reporting and analysis. 

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