MoneyWorks4Me

Servotech Power Systems, John Cockerill and Tiger Logistics (India) to see some action today

29 Nov 2024 Evaluate

Servotech Power Systems has secured 5.6 MW On?grid rooftop solar power plant order from Uttarakhand New and Renewable Energy Development Agency (UREDA). The order valued at Rs 30.2 crore will act as a major push in building a solar powered state, overall, bringing India closer to becoming a solar powered nation. The company will be responsible for designing, supplying, installation, net metering, testing and commissioning of On-Grid rooftop solar power plants. 

John Cockerill India has entered into a Memorandum of Understanding (MoU) with Steel Authority of India (SAIL) on November 28, 2024 to explore joint initiatives to promote advanced solutions for the steel industry in India. Under this MoU, the parties will explore various avenues to transform iron and steelmaking, while promoting the deployment of sustainable green steel solutions in the country.

Tiger Logistics (India) has renewed partnerships with three prominent Public Sector Undertakings (PSUs) - Bharat Heavy Electricals (BHEL), Bharat Earth Movers (BEML), and Bank Note Paper Mill India (BNPMIPL). These renewed partnerships underscore the PSUs' reliance and trust on Tiger Logistics for efficient logistics handling and freight forwarding for both sea and air cargo, spanning exports and imports.

Nuvoco Vistas Corporation has incorporated Wholly Owned Subsidiary company (WOS) in the name of Vanya Corporation to carry on the business of manufacturing of cementitious products. The Certificate of Incorporation has been received from Ministry of Corporate Affairs on November 28, 2024.

Veranda Learning Solutions has entered into a Memorandum of Understanding (MOU) with the National Skill Development Corporation (NSDC) and the Institute of Accountants and Bookkeepers (IAB), UK, to roll out the Certified International Accounting Professional (CIAP) program in India. Much like how IT redefined career paths in the 2000s, the CIAP program is set to become the must-have credential for commerce students in the decade ahead.

PCBL Chemical has commissioned second and final phase i.e, 20,000 MTPA of 40,000 MTPA specialty chemical capacity at Mundra Plant, Gujarat on November 28, 2024. With this, the combined manufacturing capacity of the Company is 7,90,000 MTPA.  

Reliance Finance and Investments USA LLC (RFIUL), a step-down wholly owned subsidiary of Reliance Industries, has on November 27, 2024 entered into a Stock Purchase Agreement with Wavetech Helium, Inc. (WHI) and subscribed to 21% stake of WHI for an aggregate consideration of $12 million.

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