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Aegis Logistics, Hindalco Industries and GMM Pfaudler to see some action today

20 Jun 2025 Evaluate

Aegis Logistics and Aegis Vopak Terminals (AVTL), its associate Company have executed a Framework Agreement wherein AVTL will acquire specialised storage terminal for Ammonia at Pipavav Port with a static capacity of 36,000 MT constructed and developed by the Company. The company will receive the sum of Rs 157.50 crore from AVTL upon execution of Framework Agreement. 

Hindalco Industries’ wholly owned subsidiary -- A.V. Minerals (Netherlands) N.V. has acquired 100% stake in a company namely ‘Aditya Holdings LLC’, thereby making it a step-down wholly owned subsidiary of the Company. The acquisition of Aditya Holdings LLC as a step down wholly owned subsidiary is a strategic move designed primarily to expand the company’s global footprint for its downstream portfolio.

GMM Pfaudler’s wholly owned subsidiary -- Pfaudler Normag Systems GmbH, Germany has entered into a contract with a European-based customer for the design, engineering, and supply of complete end-to-end acid recovery equipment and systems. The value of the contract is EUR 33.2 million (around Rs 330 crore).

PCBL Chemical's subsidiary -- Nanovace Technologies has incorporated its wholly owned U.S. subsidiary, Nanovace Inc. in the state of Delaware. The company is exploring entering the highly lucrative battery chemicals market in USA. The subsidiary in USA will facilitate easier access to the North American markets. A local subsidiary in USA would further help to gain strategic market access, proximity to customers and understand regulatory and incentive landscape. 

ITD Cementation India has secured two contracts worth around Rs 960 crore excluding GST for construction of various project works at Trivandrum International Airport in Kerala and construction of multi-storied commercial building in Kolkata, West Bengal. 

Mastek has launched ADOPT.AI, a comprehensive suite of AI solutions and services aimed at accelerating AI innovation and driving enterprise-wide AI adoption. ADOPT.AI services are designed to deliver faster, smarter, and more reliable outcomes across three core dimensions: ADOPT.AI for Technology, ADOPT.AI for Business and ADOPT.AI for Data. 

Ravindra Energy has completed the divestment by way of sale of its stake held in the its subsidiaries -- Kumbhari Solar Project 10 and Rel Wardha Solar Project 4 for consideration of Rs 219.30 lakh and Rs 19.80 lakh respectively. The sale is completed on June 19, 2025.

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