Infosys, Adani Green Energy and Suyog Telematics to see some action today

01 Apr 2025 Evaluate

Infosys has collaborated with Linux Foundation Networking (LFN), the facilitator of collaboration and operational excellence across open source networking projects, to advance Responsible AI principles and spur the adoption of domain-specific AI across global networks. This collaboration underscores a shared commitment to fostering responsible, effective, and sustainable AI technologies on a global scale.

Adani Renewable Energy Fifty Seven, Wholly-owned stepdown subsidiary of Adani Green Energy (AGEL), has operationalised incremental solar power project of 25 MW at Khavda, Gujarat. With operationalisation of this plant, AGEL’s total operational renewable generation capacity has increased to 14,242.9 MW.

Suyog Telematics has executed a Share Purchase Agreement (SPA) on March 31, 2025 with Lotus Tele Infra (Target Company) for acquisition of 95% of the Equity Share Capital of the Target Company. The total cost of acquisition is Rs 13.50 crore. The transaction leads to acquisition of sites owned by Target Company. The company will get its presence in critical Delhi and NCR telecom circles in India which will lead to expansion in its business operations.

ITC has entered into a Business Transfer Agreement (‘BTA’) with Aditya Birla Real Estate (ABREL) for acquisition of ABREL’s pulp and paper business operated under the name of ‘Century Pulp and Paper’, along with the assets, liabilities, contracts, employees etc. (‘Undertaking’), as a going concern on a slump sale basis, subject to the conditions precedent specified in the BTA. The transaction is expected to be consummated in about 6 months, subject to receipt of statutory approvals and fulfilment of the conditions laid down in the BTA.

Engineers India (EIL) has been awarded prestigious consultancy assignments from State Owned Organizations for executing projects on cost plus basis in the state of Maharashtra & West Bengal amounting to around Rs 245 crore.

Newgen Software Technologies’ a wholly owned subsidiary -- Newgen Software Inc (incorporated in the USA) has executed an agreement with a customer. The aggregate value of the aforesaid agreement is $1.27 million and to be executed within 3 years.

HBL Engineering has received five letter of acceptances from Central Railway. The total value of all the five contracts is Rs 762.56 crore (inclusive of 18% GST). Each of the contracts has to be completed in 18 months. The company has received letter of acceptances for the provision of Kavach across 413 stations, covering 3,900 kms.

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