Tata Power Company’s subsidiary-- Tata Power Renewable Energy (TPREL) has successfully commissioned the Omkareshwar Floating Solar Project. With an impressive capacity of 126 MW, this project stands as one of India’s largest floating solar installations, marking a significant milestone in the country's renewable energy journey. The EPC contract worth Rs 596 crore was awarded by NHDC to TPREL.
Muthoot Capital Services has received approval for the issuance of 50,000 Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs or Debentures) each having a face value of Rs 10,000 aggregating to Rs 50 crore, for a tenor of 24 months from the deemed date of allotment, on private placement basis, in accordance with the terms and conditions as mentioned in the transaction documents executed in connection with the issuance. The NCDs have a coupon rate of 10.00 % p.a. payable monthly and are proposed to be listed on BSE. The Debenture Issue and Allotment Committee held on November 13, 2024 has approved the same.
Heranba Industries has received approval for the incorporation of a new Foreign Joint Venture Company (Foreign Joint Venture Company) in China. The JV Company once incorporated will be related party of the Company. The Board of the Directors of the Company at their meeting held on November 13, 2024 has approved the same.
Ram Ratna Wires has acquired 60% stake of Tefabo Product (Tefabo). Tefabo is engaged in the business of manufacturing fabricated components and assemblies and having complete fabrication set up and strong presence in renewable energy sector and many MNC’s on board as their clients. India has taken an ambitious target of achieving 500 GW of renewable energy by 2030 and is planning to be carbon neutral by year 2070. As such Renewable Energy sector will be further booming in coming years. The Company aims to establish a strong presence in the dynamic and growing sectors of renewable energy and railways. Tefabo is already supplying critical mechanical components to leading companies in India and abroad within these industries.
Eicher Motors has reported 8.27% rise in consolidated net profit at Rs 1100.33 crore for Q2FY25 as compared to Rs 1016.25 crore for the same quarter in the previous year. Total income of the company increased by 5.21% at Rs 4616.85 crore for Q2FY25 as compared to Rs 4388.31 crore for the corresponding quarter previous year.
InterGlobe Aviation (IndiGo) is all set to launch a new and exclusive direct route between Goa and Bhopal, beginning December 01, 2024. The airline will operate six times weekly, providing convenient travel options and supporting tourism and trade growth in both regions. Known for its stunning beaches, vibrant nightlife, and Portuguese heritage, Goa offers a mix of sun, sand, and culture. Visitors can explore historic churches in Old Goa, indulge in water sports, or unwind at the scenic shacks in one of the pristine beaches.
Marriott International and Samhi Hotels announced that they have signed a pact to develop three new properties comprising more than 568 rooms across India. The projects with Samhi Hotels, one of India's leading hotel ownership and asset management companies, comprising the W Hyderabad Hitec City, Bengaluru Whitefield, A Tribute Portfolio Hotel and The Westin Bengaluru Whitefield. These properties are expected to open during 2026-2028, elevating the two companies' joint efforts to expand their footprint in the country.
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