TVS Motor Company, Waaree Renewable and Thomas Cook (India) to see some action today

26 Mar 2025 Evaluate

TVS Motor Company’s wholly owned subsidiary -- TVS Motor (Singapore) Pte. (TVSM Singapore) has planned to acquire additional 8.26% of the share capital of The GO Corporation (GOAG), Switzerland from its existing shareholder for a total consideration of CHF 500,000. Upon consummation of the transaction, the TVSM Singapore’s holding in GOAG will increase to 100% and consequently it will become a wholly owned subsidiary of TVSM Singapore and the Company. The said acquisition is expected to be completed by March 31, 2025.

Waaree Renewable Technologies has received a Letter of Award (LoA) from Waaree Energies for the execution of Engineering, Procurement and Construction (EPC) works for Ground mount solar power project including Operation and Maintenance (O&M) of 170 MW AC/255 MW DC capacity on turnkey basis. Order value is approximately Rs 232.30 crore (Excluding Taxes). The project is scheduled to be completed in the financial year 2025-26, as per the terms of the order.

With a strategic intent to capitalise on the strong and growing demand from Pune, Thomas Cook (India) has inaugurated a new owned-store in the high potential Balewadi region. The new store expands Thomas Cook India’s Foreign exchange network to 4 locations in Pune. This sustains aggressive expansion plans with 5 new branches/outlets opened pan India in the last six months. Balewadi- a rapidly developing hub in Pune’s northern periphery was carefully chosen as a location for the foreign exchange store as it offers the company a range of valuable consumer segments including students, business and leisure travellers.

Standard Capital Markets is planning to establish its own Asset Reconstruction Company (ARC). This new venture will focus on the management and resolution of distressed assets and non-performing loans (NPLs) in the financial sector, with a strong commitment of Rs 300 crore from the company. As part of this strategic initiative, Standard Capital Markets will also act as a sponsor for the ARC. The company expects to achieve a return on investment of 15-20% over the medium to long term, based on the anticipated success of resolving distressed assets and improving recovery rates.

GHV Infra Project has received work order from GHV (India) for Design Engineering, Procurement and Construction of elevated viaducts, road on stilt over mangroves and obligatory span bridges in the state of Maharashtra. Approximate value of work is Rs 1060 crore (Excluding GST). Completion period is 48 months.

Waaree Energies has received approval from board of directors for establishment of an additional 1.6 GW Module manufacturing line at its unit situated at Brookshire, in the state of Texas, USA and setting up of additional module manufacturing lines with a Capacity of 3.2 GW at its plant in Navsari in the state of Gujarat. The board of directors at its meeting held on March 25, 2025 has approved the same.

Advait Energy Transitions has been declared as L1 stage - successful bidder for PACKAGE OPGW-04: OPGW Supply & Installation Package for Various Transmission Lines Pan India locations under bulk implementation (Supply + Erection) for OPGW and Communication Equipment by Power Grid Corporation of India.

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