Sharika Enterprises has secured a work contract worth Rs 15.57 crore from NHPC, a Government of India Navratna Enterprise. The EPC portion of the contract is to be executed in nine months and the comprehensive operations and management is to be executed over five years. Under this contract, company will develop Rooftop Solar Power Projects with a total capacity of 4 MW on buildings of NHPC at various locations (ZONE-1: UT of Jammu & Kashmir Power Stations) under the PM Surya Ghar: Muft Bijli Yojna.
Coal India (CIL) has entered into memorandum of understanding (MoU) with Curtin University, Western Australia on January 28, 2025. Both the entities collaborated for potential research & development and knowledge sharing in the field of critical minerals, de-carbonization and resources technologies.
Muthoot Capital Services has raised Rs 50 crore through allotment of 50,000 Rated, Listed, Senior, Secured, Redeemable, Taxable Non-Convertible Debentures (NCDs) each having a face value of Rs 10,000 for a tenor of 24 months from the date of allotment, on private placement basis. The Debenture Issue and Allotment Committee has on January 28, 2025, approved the allotment of the same.
Bharat Parenterals has received a $27 million (around Rs 232 crore) order for the supply of high-demand pharmaceutical products over the next 18-24 months. This is largest order that the company has ever won and this milestone reflects the company’s commitment to delivering quality healthcare solutions and reinforces its leadership in the global pharmaceutical market.
Autoline Industries has received landmark purchase order from Mahindra & Mahindra (M&M) for their flagship models, Scorpio and XUV 3XO. This achievement highlights the trust placed in Autoline by one of India’s top automotive manufacturers and underscores its dedication to innovation, excellence, and customer satisfaction. The order includes four critical components, two for each model, and is projected to generate annual revenue of approximately Rs 30 crore, marking a key milestone in the company’s growth journey.
Arkade Developers has completed the acquisition of a prime land parcel located in Goregaon West in the western suburbs of Mumbai from Aspen Properties and their joint venture partners, Kamanwala Housing Construction, for a total consideration of Rs 165 crore and paid the stamp duty of Rs 9.9 crore. The project will foresee a modern luxury development with an approximate saleable area exceeding 5 lakh square feet, contributing an estimated revenue of Rs 2,000 crore.
Grasim Industries has disclosed that the state tax officer under the Office of the Joint Commissioner (State Tax - Intelligence), Salem, conducted an inspection at its cellulosic fashion yarn business marketing office and depot in Salem, Tamil Nadu, on January 22, 2025. Following the inspection, an order was passed on January 25, 2025, under Section 67 of the Tamil Nadu Goods and Services Tax Act, 2017, resulting in the seizure of certain depot records. The action was reportedly linked to alleged discrepancies between records available on the GST portal and those furnished by the company. Subsequently, GST officer passed an order dated January 25, 2025 under Section 67 of Tamil Nadu Goods and Services Tax Act, 2017 and seized depot records.
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