NLC India, TCPL Packaging and Tejas Networks to see some action today

NLC India Renewables (NIRL), a 100% subsidiary and renewable energy arm of NLC India (NLCIL), has signed the Power Purchase Agreement (PPA) for its upcoming 810 MW Solar Power Project with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL). This flagship project at Pugal Solar Park, Bikaner District marks a significant milestone in NLCIL's journey towards becoming a major player in the renewable energy space. The project is being developed in the barren lands of Bikaner District and the proposed site is bestowed with abundant Solar radiation. 

TCPL Packaging (TCPL) has planned to establish a world-class gravure cylinder manufacturing facility in Silvassa through a wholly owned subsidiary, Accura Technik. With a significant capital outlay, the facility is expected to be commissioned by Q3 FY2026. Once operational, it will offer an installed capacity of approximately 12,000 cylinders per annum, ensuring the timely availability of world-class gravure cylinders and driving improvements in overall production efficiency.

Tejas Networks has launched its industry-leading 1.2 Tbps single wave coherent DWDM solution at the Bharat Telcom 2025 event being organized by the Telecom Export Promotion Council (TEPC) at Hotel Taj Palace in New Delhi. The company is also showcasing its innovative 5G Massive MIMO radio and other flagship wireline products at the event, including 10Gbps symmetric fiber broadband access using XGS-PON technology, and highcapacity IP/MPLS access and aggregation routers. 

Gujarat Mineral Development Corporation (GMDC) has signed a Long-Term Supply Agreement (LSA) with City Gold Pipes (A consortium of Goldcrest Cement and Kailash Darshan Housing Development (Gujarat)) for the supply of 150 million tons of limestone over a period of 40 years from its upcoming Lakhpat Punrajpur Mine in Lakhpat Taluka of Kutch District in Gujarat. This agreement marks a strategic partnership towards monetizing the large limestone asset of GMDC and benefiting both the partners.

63 moons technologies’ subsidiary--63SATS Cybertech has raised an amount aggregating to Rs 10.62 crore through private placement of 10.62 crores equity shares of face value of Rs 1 each, at par. Subsequent to the above allotment, 63SATS ceases to be the subsidiary of the Company. However, the Management control of 63SATS remains with 63 moons technologies, as per the Articles of Association of the Company.

GTT Data Solutions has completed the acquisition of 100% equity shareholding of Alpharithm Technologies. The objective of the acquisition is to expand company’s research and development of media software, designing and processing of computer software, hardware and providing Business Process Outsourcing (BPO) services, online solutions using latest software technology services and developing solutions for computer oriented problems involving hardware, software, interfaces and techniques, developing and installing market system and application software products, software research and development services, software development, outsourcing, offshore, software consulting, business process outsourcing, HR solutions and human resources and to promote and operate software technology labs and software development centers and undertaking computer services relating to information systems. The Board of Directors of the company at their meeting held on February 2, 2025, had approved the same.

Filatex India has further acquired 1,99,80,000 Equity Shares of face value of Rs 1 each at a price of Rs 10 each of Texfil, Wholly Owned Subsidiary for an aggregate amount of Rs 19.98 crore. The said investment will be primarily used to finance the ongoing Polyester Textiles Recycling Project, Repayment of existing loan taken from Filatex and Working capital requirements.