Patanjali Foods, Power Grid Corporation and Ahasolar Technologies to see some action today

24 Sep 2024 Evaluate

Patanjali Foods has invested Rs 25 crore by way of subscription in the equity share capital of its wholly owned subsidiary namely Contemporary Agro Private (CAPL), on right basis. The said shares have been allotted on September 23, 2024. Currently, Patanjali Foods Limited is holding 100% share capital of CAPL and with the current investment, Patanjali Foods’ shareholding percentage in CAPL will remain unchanged.

Power Grid Corporation of India has been declared as the successful bidder under Tariff based competitive bidding to establish Inter-State transmission system for ‘Provision of Dynamic Reactive Compensation at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3)’ on build, own, operate and transfer (BOOT) basis. The Letter of Intent (LoI) has been received by Power Grid Corporation of India on September 23, 2024. The project comprises installation of STATCOMs at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3) along with associated bays extension work in the State of Gujarat.

Ahasolar Technologies has received a work order for Engagement of owner’s Engineer-cum- Project Management Consultancy firm for 300 MW Solar Photovoltaic Power Plant of Coal India located at GIPCL’s Solar Park, Khavda, Gujarat from Coal India. The whole Consultancy Service is priced at around Rs 1.10 crore. The said order is expected to be completed in 27 months.

GR Infraprojects has emerged as Lowest bidder in Financial Bid Opening dated September 23, 2024 for the tender invited by Maharashtra Metro Rail Corporation, Nagpur (Maha Metro) for a project ‘Design and Construction of Elevated Metro Viaduct of length 17.624 km between Ch. 21256.814 to Ch. 38881.7 including Railway spans of length 79m & 100m and a 6-lane Double decker portion with Vehicular Underpass (VUP) from Ch. 25755.211 to Ch. 26895.211 for a total length of 1.14 km in Reach-1A of NMRP Phase-2.’ The bid value is Rs 903.53 crore. The order is to be executed within 30 months.

BGR Energy Systems has received intimation of termination of contract from Chennai Metropolitan Water Supply and Sewage Board (CMWSSB) with respect to ‘Design, Build and Operate for 15 years (DBO) of 45 MLD capacity Tertiary Treatment Reverse Osmosis (TTRO) at Kodungaiyur including supply, laying DI transmission mains for conveyance of product water to various industries in Manali Area, Chennai’.

Bharti Airtel has made a concerted effort to bolster its network infrastructure across the western state of Gujarat. Over the past seven months, the company has undertaken a massive deployment initiative, erecting more than 1,700 new cellular towers throughout the region. This equates to a remarkable pace of over 8 new towers being installed on a daily basis. With this enhanced infrastructure, the company aims to empower residents and businesses to seamlessly access Airtel's suite of cutting-edge voice, data, and digital services.

Samvardhana Motherson International has raised Rs 6,438 crore through a successful securities issue that attracted significant interest from institutional investors. The funds will primarily be used for debt repayment and general corporate purposes.

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