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Jost’s Engineering, L&T Finance and Sonata Software to see some action today

28 May 2025 Evaluate

Jost’s Engineering Company has received a Letter of Intent (LOI) from Transmission Corporation of Andhra Pradesh for Supply of 21 Nos 12KV Automatic Capacitance & Tan Delta test kit. Broad consideration or size of the order(s)/ contract(s) is approximately Rs 6.19 crore. 

L&T Finance has raised Rs 1500 crore through the allotment of 1,50,000 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 each, through private placement basis, to the identified investors on May 27, 2025. The Debentures are proposed to be listed on the NTRP under New Debt Market of the National Stock Exchange. 

Sonata Software has partnered with Qualtrics to deliver a comprehensive, technology-driven customer experience management solution for global enterprises. This collaboration combines Qualtrics’ best-in-class XM for Customer Experience suite with Sonata Software’s global systems integration services and extensive consulting, measurement and implementation capabilities powered by Sonata CX. The end-to-end offering is designed to help enterprises meet rising customer expectations, deliver hyper-personalized experiences and reimagine customer-brand relationships while enhancing operational efficiency and service quality.

E.I.D. Parry (India) has received approval for investment in the shares of M/s Parry Sugars Refinery India (PSRIPL), the wholly owned subsidiary of the company, up to an amount not exceeding Rs 350 crore in one or more tranches. The investment would help inter alia in the reduction of debt/ improvement of the net worth of PSRIPL. The Investment will be tentatively completed by August 31, 2025. The Board of Directors of the company at their Meeting held on May 27, 2025, has approved the same.

Ravindra Energy’s (REL) associate company-- Energy In Motion (EIM) has entered into an exclusive agreement with global commercial vehicle leader FOTON to launch their range of electric heavy commercial cargo vehicles in India. The commercial rollout of vehicles is scheduled to begin in Q2 of FY 2025-26. This strategic partnership marks a significant milestone in REL’s commitment to accelerating India’s transition to sustainable transportation. Under the terms of the agreement, EIM will have exclusive rights to assemble and market FOTON’s advanced electric heavy-duty goods vehicles across India.

Jio Financial Services’ subsidiary -- Jio BlackRock Asset Management has received capital market regulator SEBI's approval for mutual fund operation. The Securities and Exchange Board of India (SEBI) has granted certificate of registration to Jio BlackRock Mutual Fund and approval to Jio BlackRock Asset Management to act as the Asset Management Company for Jio BlackRock Mutual Fund. Earlier, the company and its joint venture partner, US-based BlackRock, have infused Rs 117 crore in the mutual fund company.

Marine Electricals (India) has secured orders worth Rs 4.97 crore (excluding taxes) from Mazagon Dock Shipbuilders. The orders pertain to the supply of spares for the P15B Integrated Bridge System (IBS). The delivery of these goods is scheduled to be completed over a period of 12 months.


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