TVS Motor Company, Reliance Industries and G R Infraprojects to see some action today

17 Jan 2025 Evaluate

TVS Motor Company has entered into Morocco, in collaboration with its distribution partner Hindi Motors. The company is launching a wide, exciting range of two-wheelers - TVS Ntorq 125, TVS Raider 125 and TVS Apache 160 and 200 in Morocco. The product range being offered comprises of global best sellers equipped with advanced technology and trusted by millions across the world.

Reliance Industries has received Board of Directors’ approval for acquisition of 100% equity stake of Reliance New Energy Battery (RNEBL) from Reliance New Energy (RNEL), for an aggregate consideration of Rs 1 lakh. RNEBL is a step-down wholly owned subsidiary of the company and post this acquisition RNEBL will become a direct wholly owned subsidiary of the company.

G R Infraprojects has entered into Share Purchase Agreement with PFC Consulting (PFCCL) for acquisition of ‘Bijapur REZ Transmission’ (BRTL). After this acquisition BRTL has become wholly owned subsidiary company of G R Infraprojects.

Renaissance Global has received approval for investment upto Rs 27 crore in wholly owned step-down subsidiary of the company, RD2C Ventures Inc., USA, by way of subscription to shares of RD2C. This investment amount will be used by RD2C to make further investment.

Dhruv Consultancy Services has received the Letter of Acceptance (LoA) for providing Consultancy Services for Project Management (PMC) for Development of Master Plan Roads under Special Assistance Scheme and other Major Roads in Indore (Package-1) in the State of Madhya Pradesh from the office of Superintending Engineer (Project) -- Indore Municipal Corporation (the Authority) dated January 13, 2025 as received by the Company on January 16, 2025. The Contract Price is Rs 1.25 crore (excluding GST) and the Contract Period is of 36 months.

Infosys has reported 11.60% rise in its consolidated net profit at Rs 6,822 crore for the quarter ended December 31, 2024 as compared to Rs 6,113 crore for the same quarter in the previous year. Total income of the company increased by 7.61% at Rs 42,623 crore for Q3FY25 as compared to Rs 39,610 crore for the corresponding quarter previous year.

Expo Gas Containers has received work order on January 15, 2025 by Bharat Petroleum Corporation (BPCL) amounting to Rs 5 crore in the normal course of business. The order is for Maintenance and Inspection (M&I) job of crude oil tanks, cleaning and M&I of 01 surge relief tank at COT-Vadinar. The said order is to be executed within 6 months from the date of work order .

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