Hindustan Copper, Puravankara and Lemon Tree Hotels to see some action today

07 Aug 2025 Evaluate

Hindustan Copper (HCL) has executed a Memorandum of Understanding (MoU) with GAIL (India). This MoU aims to jointly participate in copper, critical minerals block auctions, develop and operationalise blocks for exploration and mining, mining and processing of minerals and share risks across the value chain. The purpose of the MoU is also to share investments and risks for the development, mining and processing from existing assets of HCL.

Puravankara’s Wholly Owned Material Subsidiary -- Starworth Infrastructure & Construction has received a Letter of Intent for Rs 83.51 crore for Construction of Civil Works of Commercial Project Luxon at Doddanekundi Industrial Area White Field Bangalore, Karnataka from Krishil WhiteAlpha.

Lemon Tree Hotels has opened new property -- Lemon Tree Hotel, Chandausi. This managed hotel is the 8th property of the group in Uttar Pradesh. The fresh and vibrant hotel with 61 rooms and suites will open in two phases. As part of Phase I, 31 well-appointed rooms have opened today, along with Citrus Cafe - a multi-cuisine restaurant, and expansive banquet spaces. The remaining 30 rooms and suites, along with the Republic of Noodles -- Pan-Asian restaurant, Pool Bar & Grill, a fitness center, a swimming pool and the remaining banquet spaces, will open soon thereafter as part of Phase II.

Allcargo Logistics’ wholly owned subsidiary -- Ecuhold N.V. has acquired additional 30% stake in Ecu-Line Saudi Arabia LLC for a consideration of SAR 10 million. Vide Agreement dated August 05, 2025 entered into between Ecu-Line Saudi Arabia LLC and Ecuhold N.V. Accordingly, Ecuhold N.V. now holds 100% stake in Ecu-Line Saudi Arabia LLC.

Espire Hospitality has signed five new hotels across India, marking a significant leap in its growth trajectory and strengthening its presence in high-potential travel destinations like Udaipur, Rishikesh, and North Goa. The move is a step forward towards the company’s ambitious strategy to double its inventory by March 2026. Each hotel has been carefully selected to cater to growing demand in high-potential tourist corridors, aligning with the brand’s focus of introducing immersive experiences at soul-inspiring destinations.

Shree Refrigerations has received order from the Material Organisation (Vizag) for Manufacturing and supply of Unit Coolers. Total size of the order is Rs 3.57 crore. The said order is expected to be executed in 6 months from the execution of supply order.

Paras Defence and Space Technologies (PARAS) has signed a Teaming Agreement with High Performance Space Structure Systems (HPS) GmBH, Germany with an intention to working together for projects related to Defence & Space in the Indian Region. HPS has experience and expertise in the area of Design, Manufacturing, Integration and Test of Unfurlable/Deployable Antenna Reflector Subsystems for Space Applications and in other areas such as solid reflector antennas, lightweight structures, thermal hardware, nanosatellite equipment.

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