Adani Power, BEML and Prestige Estates Projects to see some action today

Adani Power has won a tightly contested bid to supply 1500 MW (net) of thermal power to Uttar Pradesh. As part of the contract, the company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1500 MW net) Ultra-supercritical power plant to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state.  

The Government of Madhya Pradesh has approved the allotment of 60.063 hectares (approximately 148 acres) of land to BEML. The land is located in Umeria, Raisen district, and has been allotted for setting up a construction facility to manufacture rolling stock / coaches for railway and metro projects in the state.  

Prestige Estates Projects has entered into a framework agreement with Arihant Foundations and Housing (Arihant) to collaborate and jointly develop real estate projects in Chennai. Under this strategic partnership, the two companies will explore opportunities across all classes of real estate, including Residential, Office, Retail and Hospitality Developments.

Lemon Tree Hotels has opened Lemon Tree Hotel in Jamnagar, Gujarat. This managed hotel is the 9th property of the group in Gujarat. The fresh and vibrant hotel features 60 rooms and will open in two phases. In the first phase, 52 well-appointed rooms, Citrus Cafe - a multi-cuisine restaurant, a fitness centre and conferencing facilities have become operational on May 9, 2025. The remaining eight rooms will open soon thereafter in the second phase. 

Bombay Burmah Trading Corporation’s wholly-owned step down subsidiary -- Restpoint Investments has incorporated two wholly-owned Subsidiaries in Mauritius namely Associated Biscuit Investments Mauritius (ABIML) and Restpoint Investments Mauritius (RIML). These two companies are yet to commence business. Thereafter, the shares of ABIML were transferred to RIML. Thus, ABIML and RIML have become the step-down Subsidiaries of the Corporation.

Jaykay Enterprises’ wholly owned subsidiary -- JK Digital & Advance Systems (JK Digital) has entered into a Memorandum of Understanding (MoU) on May 09, 2025, with the Neuro-Engineering Lab, All India Institute of Medical Sciences, New Delhi (NEL-AIIMS), to establish a collaborative framework between NEL-AIIMS and JK Digital for the development of neurosurgical instruments through an iterative process of design, prototyping, and validation. 

Shriram Finance has completed the acquisition of 31,66,500 equity shares of face value of Rs 10/- each fully paid-up of Shriram Overseas Investments (SOIPL) from Shriram Investments Holdings (SIHPL). The company has paid total consideration of Rs 50.11 crore to SIHPL. Consequently, SOIPL has become wholly owned subsidiary of the company. SOIPL has one subsidiary viz; Bharath Investments Pte. in Singapore holding 81.63% equity stake. Bharath Investments Pte. Singapore has one Associate viz; Armour Insurance Services WLL in Bahrain holding 40% equity stake. Accordingly, Bharath Investments Pte. has become a step-down subsidiary of the company and Armour Insurance Services WLL has indirectly become an associate of the company.