MoneyWorks4Me

NTPC, Info Edge and Jindal Stainless to see some action today

01 Oct 2024 Evaluate

NTPC’s wholly-owned subsidiary -- NTPC Green Energy (NGEL) has signed a Memorandum of Understanding (MoU) with Govt of Rajasthan on September 30, 2024 for development of 25 GW of Renewable Energy Projects in the State of Rajasthan.

Info Edge’s (India) wholly-owned subsidiary -- Redstart Labs (India) has agreed to invest an amount of about Rs 4.2 crore in Nexstem India. This investment by the company through Redstart is in furtherance of company’s investment strategy, which includes making external financial investments that are focused on value creation in the medium to long term. 

In a significant move towards sustainable mobility, Jindal Stainless has collaborated with CJ Darcl Logistics (CJ Darcl), one of India's leading logistics providers, to develop lightweight and sustainable stainless steel containers. These containers, fabricated using high-strength JT grade stainless steel (also known as N7 as per BIS 6991 specifications), are designed to transport a variety of goods, including polymers, batteries, and rubber.  

R Systems International has launched groundbreaking Resilience Engineering model, which combines Chaos Engineering with DRaaS. This innovative approach merges the proactive testing and fault detection of Chaos Engineering with the dependable recovery mechanisms of DRaaS, equipping businesses with a powerful model to prevent disruptions and ensure seamless continuity in critical operations.

Carysil’s wholly owned subsidiary -- Carysil UK has completed acquisition of the remaining 30% equity shares of Carysil Brassware (formerly known as The Tap Factory), located in Yorkshire, UK.  With the completion of this acquisition, Carysil Brassware has now become a wholly-owned subsidiary of Carysil UK. All necessary formalities pertaining to the acquisition have been successfully concluded.

Alphageo (India) has bagged contract from Oil India, Duliajan, Assam for 2D Seismic Data Acquisition in Ganga-Punjab Basin for a contract value of Rs 131.63 crore (inclusive of taxes). The said order is to be executed in June 2026. 

Tata Power has announced the signing of a landmark Memorandum of Understanding (MoU) with the Government of Rajasthan with an investment plan of Rs 1.2 lakh crore. This ambitious 10-year plan aims to support Rajasthan's transformation into a power surplus state, providing 24/7 clean, affordable, and reliable power supply with investments in renewable energy projects and manufacturing, transmission, distribution, nuclear power, rooftop installations, and EV charging. The MoU will place Rajasthan at the heart of the nation's clean energy transition, contributing significantly to India's energy goals.

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