H.G. Infra Engineering, Dhabriya Polywood and Insecticides (India) to see some action today

24 Dec 2024 Evaluate

H.G. Banaskantha Bess, a Wholly Owned Subsidiary of H.G. Infra Engineering has entered into an Battery Energy Storage Purchase Agreement with NTPC Vidyut Vyapar Nigam on December 23, 2024 for Procurement of 185 MW/ 370 MWH On Long Term Basis.

Dhabriya Polywood’s wholly owned subsidiary company--Dynasty Modular Furnitures has received the work order/LOI from Concient Group (Heritage Max) for Supply & Installation of Modular Kitchen for a total value of Rs 4.52 crore (including GST). The project is scheduled to be completed by 6 months, in various tranches as per the terms of the order.

Insecticides (India) (IIL) has signed a memorandum of understanding (MoU) with BioPrime Agro Solutions, Pune, a research-based biological solutions firm. This alliance brings Relieve, BioPrime’s exclusive biological product, to the Indian market, furthering efforts to provide sustainable solutions for Indian agriculture.

Power & Instrumentation (Gujarat) (PIGL) is set to enhance its growth trajectory by increasing its shareholding in Peaton Electricals Company (PECL) from 15% to a 60%. This strategic move aligns with PIGL's vision to strengthen its position in the electrical manufacturing sector. PECL has recently secured a prestigious license from Siemens to manufacture, assemble, and sell SIEPAN 8PU low-voltage switchboards. This achievement highlights PECL’s technological capabilities and operational excellence, enabling it to meet the growing demand for high-quality electrical solutions.

Adani Enterprises’ wholly owned subsidiary -- Adani Defence Systems and Technologies (ADSTL) has signed a share purchase agreement to acquire 85.8% shareholding in Air Works, India’s largest private sector MRO company with the largest pan-India footprint. Air Works offers an end-to-end bouquet of aviation services spanning line maintenance, heavy checks, interior refurbishment, painting, redelivery checks, avionics as well as asset management services to its Indian and global customers.

RMC Switchgears has received a work order of Rs 5.42 crore from Suncity Urja for construction of various transmission elements (220 & 132 KV associated lines at 220 KV GSS Sheo (Dist. Barmer) including survey, supply of all equipment’s/materials, erection (including civil works), testing and commissioning. The said order is to be executed by July 22, 2025.

Aurionpro Solutions has announced its acquisition of Fenixys, a consulting firm specializing in providing capital markets services to leading banks and financial institutions across Europe and the Middle East. This strategic acquisition strengthens Aurionpro’s banking and fintech strategy to expand its footprint in Europe and the Middle East. The transaction comprises an all-cash deal for the acquisition of the entire stake in Fenixys for a total of 10 million euros. This acquisition allows Aurionpro to continue its geographical expansion into Europe by leveraging Fenixys’ experience of over 10 years in partnering with financial institutions undertaking IT transformations, as well as their deep relationships with major banks across Europe and the Middle East.

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