MoneyWorks4Me

Inox Wind, Max Healthcare Institute and OnMobile Global to see some action today

12 Nov 2024 Evaluate

Inox Wind (IWL) has bagged an order for 87 MW from Continuum Green Energy (Continuum), a leading renewables C&I player. This repeat order from Continuum is for IWL’s 3 MW Wind Turbine Generators (WTGs) and will be executed on an end-to-end turnkey basis. Additionally, IWL will provide post commissioning multi-year operations & maintenance (O&M) services. The project will be executed in the states of Gujarat and Rajasthan. 

Max Healthcare Institute has completed the acquisition of 100% equity stake of Jaypee Healthcare (JHL) on November 11, 2024, upon acquisition of remaining 15,53,90,769 equity shares constituting to 36.35% equity stake for an aggregate consideration of around Rs 227 crore. Consequently, JHL has become a wholly-owned subsidiary of the company.

OnMobile Global has entered into partnership with DeOSphere, to offer advanced gaming and network services by deploying the DeOS Operating system, including streaming and edge computing technologies over OnMobile’s current global network infrastructure. DeOSphere which partners with leading gaming and entertainment providers, is a decentralised operating system, that runs any application by bypassing processing on device operating systems and cloud computing. With this collaboration, DeOSphere will be offering one of the largest interactive edge gaming, AI and content networks, enabling new revenue opportunities for game studios and developers while generating important performance efficiencies.

RMC Switchgears has signed Memorandum of Understanding (MoU) with the Government of Rajasthan to establish the state's first-of-its-kind 1000 MW Ultra Mega Solar Park with integrated battery storage. This groundbreaking project, located in Jaipur, marks a major milestone in the company's strategic expansion into renewable energy and will play a key role in achieving the company's growth objectives.

Ashapuri Gold Ornament has entered into an agreement for supply of Gold Jewellery to the Titan Company (Titan). All orders from August 01, 2024 till July 31, 2026 will be covered under this contract. 

Allcargo Terminals has acquired 9,12,00,000 Shares of Haryana Orbital Rail Corporation (HORCL) from Allcargo Logistics (ACL), Promoter Group of the Company, on November 8, 2024, pursuant to the Share Purchase Agreement executed between the Company and ACL on October 28, 2024.

Camlin Fine Sciences has received approval from board of directors for liquidation of CFS Pahang Asia Pte, Subsidiary Company of the Company. CFS Pahang Asia Pte is not a material subsidiary of the Company and therefore it will not impact materially on consolidated financials of the Company. The Liquidation is expected to be completed by March 31, 2025. 

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