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Gravita India, Pace Digitek and Magellanic Cloud to see some action today

08 May 2026 Evaluate

Gravita India has planned to establish a Copper Recycling plant in Mandvi, Gujarat. This initiative aligns with the company’s strategy to expand value-added recycling capacities and strengthen its contribution to the circular economy. The facility will deploy advanced and efficient recycling technologies to ensure high metal recovery, consistent product quality, and compliance with environmental standards. Commercial operations are expected to commence within the next 12 months. The commissioning of plant will be funded through internal accruals.

Pace Digitek has received multiple contracts aggregating to for Rs 701.95 crore (including GST) from Damodar Valley Corporation (DVC) for a 250MW / 500MWh Battery Energy Storage System (BESS) project at Maithon, Jharkhand. The awarded contracts comprises Supply of plant and equipment including mandatory spare parts, EPC Services for design, engineering, installation, testing and commissioning, and 12-year comprehensive Operation & Maintenance (O&M) for the project.

Magellanic Cloud’s wholly owned subsidiary--Provigil Surveillance has received a Letter of Acceptance (LOA) from South Eastern Railway, Kharagpur Division for an aggregate value of Rs 3.44 crore (approximately). The project involves CCTV systems at Goods Sheds, along with modernization and upgradation of infrastructure at Kharagpur and PKU Goods Sheds. 

Thomas Cook (India) and its group company SOTC Travel, have signed a long-term MoU with Vinpearl, Vietnam’s leading hospitality, tourism, and entertainment brand. The collaboration brings together Thomas Cook India and SOTC’s market leadership and travel expertise with Vinpearl’s expansive destination portfolio, further strengthening Vietnam’s appeal among Indian travellers. As part of the agreement, the Companies will position Vinpearl as a preferred Vietnam partner, backed by exclusive inventory and priority availability. 

LKP Securities has been allotted 7,50,900 equity shares of Rs 100 each of Bond Street Capital. The company has invested an aggregate of Rs 7.50 crore for same. Post the said allotment, the company’s shareholding in Bond Street Capital has increased to 54.35% thereby resulting in Bond Street Capital becoming a subsidiary of the Company.

EFC (I) has incorporated wholly-owned subsidiaries namely ‘EFC Estate Marisoft 3’ and ‘EFC Estate Marisoft 4’ and the Certificates of Incorporation were received from Ministry of Corporate Affairs on May 7, 2026. 

Comfort Fincap (CFL) has launched Easy Mobile Financing - a consumer durable loan product enabling customers to purchase smartphones through a fully digital, hassle-free financing journey. The offering is being rolled out across Gujarat and Rajasthan, with loan approvals delivered in as little as five minutes and a seamless onboarding experience for both customers and merchant partners. Traditionally focused on B2B financial products – including Promoter Funding, Loan against Shares, and Supply Chain Financing - CFL is now expanding its portfolio into the retail consumer lending space.

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