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Chatha Foods, H.G. Infra Engineering and Cyient DLM to see some action today

12 Feb 2025 Evaluate

Chatha Foods and Frigorifico Allana (FAPL) have entered into a Shareholders Agreement (SHA) to incorporate a Joint Venture Company (JV Company) to conduct the business of manufacturing and sale of RTC/RTE Meat Products and RTC/RTE Chicken Products and to set up a processing plant with a capacity of 6000 MT and 4500 MT per year respectively. Chatha Foods shall hold Ownership Percentage representing 70% of the Share Capital of the JV Company and the remaining 30% shall be held by FAPL.

H.G. Infra Engineering in association with D.E.C. Infrastructure and Projects (India) has received the letter of acceptance (LoA) from Rail Land Development Authority (RLDA). The estimated project cost is Rs 2469.00 crore for the construction period of 45 months. The order is for the Redevelopment of New Delhi Railway Station and construction of associated Infrastructure on Engineering, Procurement and Construction (EPC) Mode.

Cyient DLM has secured production contract from Boeing Global Services (BGS) for precision-machined parts and assemblies. This precision machining project award to Cyient DLM by BGS, highlights Cyient DLM’s growing capabilities in delivering high-precision components to the aerospace sector.

Kesar India has subscribed/acquired 51% stake in Kesar IM Infra Projects, a Partnership Firm incorporated on February 10, 2025. The firm shall engage in the business of developing real estate projects, including but not limited to developing Layout, construction of row houses, villas and bungalows, property plots and selling the same, along with any other related activities.

Nibe has entered into a Licensing Agreements with Research & Development Establishment (Engrs), Pune (ii) Pune Research & Development Organisation (DRDO), Ministry of Defence, Government of India for Transfer of Technology to manufacture and sell 24m Mountain Foot Bridge for ATV Including its Launching Systems.

Apollo Pipes has made further investment by acquiring an additional equity stake of 0.50% through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the Company. The cost of acquisition is approximately Rs 2.58 crore.

TVS Motor Company (TVSM) will set up a global capability center in Karnataka, expand its production and engineering capabilities in Mysuru, build a test track and set-up new company office infrastructure in the state. TVSM signed a Memorandum of Understanding with the Government of Karnataka to invest Rs 2,000 crore in the state over the next 5 years. 

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