Embassy Developments, Sagar Cements and Electrosteel Castings to see some action today

25 Jun 2026 Evaluate

Embassy Developments has signed a non-binding Memorandum of Understanding (MoU) with the Government of Uttar Pradesh under the Invest UP framework for a proposed large-scale commercial development in Lucknow, Uttar Pradesh. The indicative proposal envisages the development of around 2.5 to 3.0 million square feet of commercial real estate, with an investment of around Rs 1,500 crore.

Sagar Cements has successfully commissioned the balance capacity of 1.55 MW Waste Heat Recovery Power System (WHRS) at its cement manufacturing plant at Gudipadu village, Ananthapur District in the State of Andhra Pradesh. With the commissioning of the aforesaid capacity, the company's entire 4.35 MW WHRS has now been successfully commissioned and is now operational. The commissioning of the WHRS is expected to enhance energy efficiency, optimize power costs, and contribute towards the company's sustainability initiatives in the manufacturing process.

Electrosteel Castings has successfully completed the regular annual maintenance activities and resumed operations at the MBF Production Facility at the Khardah Works starting June 24, 2026. Furthermore, operations at the Main Plant are scheduled to resume on June 25, 2026.

Texmaco Rail & Engineering has received Letter of Acceptance (LoA) from Western Railway worth Rs 6.28 crore for provision of Nylon Net, Anti monkey Climbing Device and anti-bird disc over. The said order is expected to be completed within 12 months.

Tata Steel has acquired 199,07,40,741 equity shares of face value $0.0864 each aggregating to $172 million (Rs 1,625.29 crore) in T Steel Holdings (TSHP). Post this acquisition, TSHP will continue to be a wholly owned subsidiary of the Company.

Zydus Wellness’ wholly owned subsidiary -- Zydus Wellness International DMCC, UAE (ZWID) has incorporated a wholly owned subsidiary in the name of Zydus Wellness Trading L.L.C. (ZWTL) in Dubai, UAE on June 24, 2026. ZWTL has been incorporated for the purpose of business expansion, and it will operate in the Food and Nutrition (including Vitamins, Minerals and Supplements), Nutraceuticals and Personal Care.

Velox Shipping and Logistics has signed an agreement with respect to strategic investment in Divinus Express Logistics for purchase of 100% stake therein following the completion of the procedural requirements. The investment in acquiring a 100% stake in Divinus is a strategic initiative to expand operational capacity within the existing market and strengthen the company's overall market position.

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