Nelco, Rainbow Children’s Medicare and Pfizer to see some action today

12 Aug 2025 Evaluate

Nelco has signed an agreement with Eutelsat to deliver OneWeb low Earth orbit (LEO) satellite connectivity services across the India region. Under the agreement, Nelco will partner with OneWeb India Communications, Eutelsat’s local operating entity, to deliver secure, low-latency LEO connectivity for customers on land, at sea, and in the air. Service coverage will extend across India’s borders, territorial waters, and remote regions, supporting a wide range of secure government and enterprise applications.

Rainbow Children’s Medicare has received approval for the execution of Securities Subscription Agreement and Shareholders’ Agreement for acquisition of 76% of fully diluted equity share capital and 100% of Non-Convertible Redeemable Preference shares (NCRPS) of Pratiksha Women & Child Care Hospital (Pratiksha Hospital). This is a 150 beds hospital, of which 100 beds are operational presently and an additional 50 beds will be operational in next 6 months to establish pediatric super specialties. The Board of Directors of the Company in their meeting held on August 11, 2025 inter alia considered and approved the same.

Pfizer has launched its next-generation 20-valent pneumococcal conjugate vaccine (PCV20) for adults in India. With broader serotype coverage, Pfizer’s vaccine marks a significant advancement in protection against pneumococcal disease in adults. Pfizer’s vaccine helps protect against clinically relevant 20 serotypes responsible for a majority of invasive and non-invasive pneumococcal disease.

Wipro has successfully completed a large-scale cloud ERP system transformation, using RISE with SAP S/4HANA Cloud Private Edition for AusNet, Victoria’s largest diversified energy network business. The program, delivered ahead of schedule, replaced legacy systems with an integrated modern cloud platform, marking a significant milestone in the company’s achievement of secure, scalable and future-ready digital infrastructure.

Kings Infra Ventures has raised Rs 46 lakh through the allotment of fifth tranche of 4600 Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs. 1,000 each on private placement basis. The Debenture Committee of the company has, at its meeting held on August 11, 2025, allotted the same.

Seamec has entered into a Bimco Charter Party dated August 11, 2025 with A.D. Engineers & Contractors LLP, Mumbai for Charter Hire of its Vessel ‘SEAMEC III’ for working in ONGC Oilfield, West Coast of India carrying out jobs related to SAT Diving and Air Diving. The firm period for operation in the field for 70 days with option for extension on mutually agreed terms. The commencement is within the window period of October 15, 2025 to October 25, 2025. The total value of the contract estimated as Rs 61.13 crore exclusive of GST.

Marine Electricals (India) has secured orders amounting to total of Rs 19.35 crore (excluding taxes) from STT Global Data Centres India. These orders pertain to supply, installation, testing and commissioning of Power Distribution System for STT Global Data Centres India’s Pune DC05 and Noida DC02 Project. The delivery of these goods is scheduled to be completed over a period of 6 to 8 months.

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