Oriental Rail Infrastructure, Thyrocare Technologies and ASK Automotive to see some action today

04 Mar 2025 Evaluate

Oriental Rail Infrastructure has secured order worth Rs 1.63 crore from Integral Coach Factory (ICF), Chennai, Indian Railways for Supply and Installation of 5 sets of one coach set of Chair Car Seats for Train Set MC, TC, MC2 Coaches.

Thyrocare Technologies has made an additional equity investment of $25,000 (equivalent to Rs 21,98,000) in Thyrocare Laboratories (Tanzania) (the 'JV Company'). Upon the allotment of shares by the JV Company, the JV Company will become a subsidiary of the Company. The JV Company is engaged in providing diagnostic and healthcare services directly to customers in the United Republic of Tanzania. The equity infusion in the JV Company has been made to facilitate its business operations and working capital requirements.

ASK Automotive has signed Technical Assistance and License Agreement for Cast Wheel Production with Kyushu Yanagawa Seiki Co., Japan (KYSK) for manufacturing high pressure die casted alloy wheels for two-wheeler (Products) with KYSK offering technical expertise and knowledge sharing under the Agreement. The Products to be manufactured under the Agreement will be supplied to the identified Japanese customer (Identified Customer).

Sunteck Realty has incorporated a wholly owned subsidiary named ‘Eximius Buildcon’ (EBPL) on March 3, 2025. The Ministry of Corporate Affairs has issued a Certificate of Incorporation for the same.

Sudarshan Chemical Industries (SCIL) through its wholly owned subsidiary Sudarshan Europe B.V., has completed its previously announced acquisition of Germany-based Heubach Group (Heubach) in a combination of an asset and share deal. This strategic acquisition creates a global pigment leader, bringing together SCIL’s operations and expertise with Heubach's technological capabilities. It will enhance SCIL’s product portfolio, giving it access to a diversified asset footprint across 19 international sites.

Vibhor Steel Tubes has commenced trial production at its Unit III plant in Sundargarh district, Odisha, on March 1, 2025. The 120,000 MTPA plant's trial production commenced using generators, and the company expects commercial production in the unit to begin at the end of March 2025, with the installation of an electricity connection.

TVS Motor Company has begun dispatching its range of OBD-2B compliant vehicles starting with the TVS Jupiter 110. It will be available across dealerships in India at Rs 76,691(ex-showroom, New Delhi) for the base variant. The company will complete the transition of its entire portfolio to OBD-2B standards, before the end of March 2025.

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