Thermax, GMR Airports and Sterling and Wilson Renewable Energy to see some action today

Thermax has entered into a Share Purchase Agreement with Everenviro Resource Management on August 13, 2025 for the acquisition of 23.03% equity stake in Thermax Bioenergy Solutions (TBSPL), a subsidiary of the Company. Upon completion of the said transaction, TBSPL shall become a wholly owned subsidiary of the Company. 

GMR Airports has received a Letter of Intent to Award (LOIA) from Delhi International Airport (DIAL), Indian Subsidiary of the Company, intimating that the company has emerged as the Selected Bidder to finance, design, develop, construct, operate, manage and maintain the Cargo City at the Indira Gandhi International Airport, New Delhi (Project) for an initial period of upto year 2036, which may further be extended by 30 additional years. 

Sterling and Wilson Renewable Energy (SWREL) has been declared as L1 bidder in a tender of a reputed PSU developer for turn-key EPC package to develop 245 MW (AC) grid connected Solar PV Project in Gujarat, India. 

Firstsource Solutions has entered into strategic partnership with Guidehealth--a pioneer in quality outcomes and value-based care innovation. This collaboration will empower health plans to deliver measurable value for members and providers by accelerating the adoption of next-generation, outcome-driven care models and preventive care.

Borana Weaves has commenced commercial operations of 192 state-of-the-art water jet looms at its Plot in Hojiwala Ind. Estate, Sachin Udhyog Nagar, Sahkari Mandli Limited, Sachin, Surat. These looms form part of the company’s ongoing expansion project to install a total of 348 water jet looms aimed at enhancing its weaving capacity and product range. The commissioning of these 192 looms represents a significant milestone in the company’s growth journey. The new capacity is expected to improve operational efficiency, increase production volumes, and enable the company to cater to rising demand in both domestic and international markets. 

Team India Guaranty has received approval for the acquisition of up to 100% equity shareholding of 4A Financial Technologies (Target Company). The objective of acquiring up to 100% of the share capital of 4A Financial Technologies Private Limited is to enhance operational efficiency and potentially establish it as a wholly owned subsidiary of the Company. This structure is expected to provide improved operational, regulatory, and procedural synergies, thereby strengthening the Company’s overall business effectiveness. The Board of Directors of the Company, at its meeting held on August 13, 2025, inter alia, considered and approved the same. 

Rossell Techsys has initiated capacity expansion within its existing premises to support the execution of significant orders across multiple programs, the company is expanding its production capacity. This initiative is closely aligned with the company’s long-term growth strategy. The proposed capacity addition is expected to be completed by Q3 FY 2025-26.