Indian Oil Corporation, Eicher Motors and Lupin to see some action today

19 May 2026 Evaluate

Indian Oil Corporation has received approval for formation of a 50:50 Joint Venture Company in India between M11 Energy Transition, and the company, at an estimated project cost of Rs 1,063.60 crore (± 30%), subject to approval of NITI Aayog, DIPAM etc. for setting up of 100 KTPA HEFA-based Sustainable Aviation Fuel Project at Paradip. The Board of Directors of the company at its meeting held on May 18, 2026 has accorded approval for the same.

Eicher Motors’ material unlisted subsidiary -- VE Commercial Vehicles (VECV) has received approval to increase the shareholding of VECV in VE Connected Solutions (formerly known as Aquila Mobility Solutions) from 51% to 74%. Pursuant to this acquisition, VECV will be able to develop and implement cost-effective, innovative products and services resulting in enhanced value to customers. The Board of Directors of VECV at its meeting held on May 18, 2026, has accorded its approval to the same.

Lupin has received tentative approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Revefenacin Inhalation Solution, 175 mcg/3 mL Unit-Dose Vials. Lupin’s Revefenacin Inhalation Solution, 175 mcg/3 mL is bioequivalent to Mylan’s Yupelri Inhalation Solution and indicated for the maintenance treatment of patients with Chronic Obstructive Pulmonary Disease (COPD).

Lemon Tree Hotels has signed of Keys Prima by Lemon Tree Hotels, Karnal in Haryana. The property will be franchised under Lemon Tree Hotels. With this signing, the Company expands its footprint in Haryana to 13 hotels, encompassing 11 operational and two upcoming properties, further reinforcing its strategic presence across vital markets in North India.

Waaree Renewable Technologies has signed turnkey Contract with Waaree Forever Energies (WFEPL) for the execution of Engineering, Procurement and Construction (EPC) works for 350MW/1400MWh BESS Order with two years of operation and maintenance services.

KSH International has successfully commissioned rooftop solar power plant for power generation at company’s Supa Facility situated at Supa Parner Industrial Park, Ahmednagar, Maharashtra on May 18, 2026. The rooftop solar power plant has a capacity of 3220 kWp. The power generated from rooftop solar power plant shall be utilised for captive consumption thereby contributing to reduce operational costs of Supa Facility and enhance overall sustainability.

Captain Polyplast has received order from Maharashtra State Electricity Distribution Company (MSEDCL) for 500 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The total value of 500 SPWPS is around Rs. 11.80 crore (including GST). The order includes, design, manufacture, supply, transport, installation, testing and commissioning of 500 Off-Grid DC SPWPS of 3HP, 5 HP & 7.5 HP capacity at identified farmer’s site in Districts of Maharashtra, including complete system warranty and its repair and maintenance and Remote Monitoring System (RMS) for 5 years under PM Kusum B Scheme ‘Magel Tyala Saur Krushi Pump’ Yojana. The installation is be completed within 60 days from the date of issuance of NTP/ Work Order/ JSR approval.

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