RailTel Corporation of India, Torrent Power and TCS to see some action today

21 Mar 2025 Evaluate

RailTel Corporation of India has received the work order from Ministry Of Defence for OFC Laying Work amounting to Rs 16.89 crore (Including Tax). The said order is expected to be completed by March 17,2026.

Torrent Green Energy (TGEPL), Wholly Owned Subsidiary of Torrent Power, has incorporated Torrent Urja 43 on March 20, 2025 and received Certificate of Incorporation on March 20, 2025. TU43 is incorporated with object to carry on the business of manufacture, process, produce, assemble, alter, purchase, refine, treat, reduce, distil, blend, purify, store, hold, transport, use, experiment with, supply, sell, import, export, trade and generally deal in hydrogen, its by-products and/or its derivatives like ammonia, chemicals, compressed natural gas and mineral substances and Generation, transmission, distribution, purchase, procurement, sale, trading, import, export, storage of power, Hydrogen and/or its derivatives like ammonia or otherwise deal in all forms of non-conventional, renewable, green, hydro power, or any other sources of energy including electrical power and energy in all aspects.

Tata Consultancy Services (TCS) has partnered with The Cumberland Building Society in the UK to modernize its core banking ecosystem. Through this collaboration, TCS will deploy its state-of-the-art digital banking solution, TCS BaNCS for Core Banking, along with TCS Digital Home Lending Solution, and Quartz for Compliance, to drive innovation and operational efficiency.

Diamond Power Infrastructure has received a Letter of Intent (LoI) from Associated Power Structures worth Rs 175.17 crore for supply of AL-59 Conductor as per GETCO Technical Specification.

Embassy Developments (EDL), through its wholly owned subsidiary Embassy East Business Park, has signed definitive agreements with Lam Research (India), a leading global semiconductor equipment manufacturer, to sub-lease and subsequently divest, upon receipt of required regulatory approvals, around 25 acres in Whitefield, Bengaluru. The transaction is valued at Rs 1,125 crore. This landmark transaction strengthens Bengaluru’s position as a global technology and innovation hub and further reinforces its appeal as a preferred destination for high-tech investments.

Morepen Laboratories has received approval from Ministry of Corporate Affairs for incorporation of step-down subsidiary -- Quick Med. The subsidiary has been incorporated on March 20, 2025. Quick Med is a subsidiary of Dr. Morepen, a fully-owned subsidiary of Morepen Laboratories.

Unichem Laboratories has completed the capacity expansion (Phase I) of API plant at Pithampur. Investment made for the said capacity expansion is approximately Rs 200 crore. The API production would be used for the requirements of the business, mainly for captive purposes.

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