Tata Power Company has partnered with Ocean Sun, Norway-based renewable energy technology company, to bring its innovative membrane-based floating solar technology to India. The collaboration will see the company and Ocean Sun undertake an around 300 kWp floating solar pilot at the company’s Mulshi reservoir in Maharashtra. The pilot will evaluate Ocean Sun’s proprietary membrane-based floating solar technology for performance, reliability, cost competitiveness and scalability under Indian conditions, while generating practical operating insights for potential future deployment.
Megamont has entered into a contract with Bunge India for the procurement of 250 MT of Soyabean Refined Oil, with an aggregate contract value of around Rs 3.74 crore. The contract further strengthens Megamont's presence in the edible oils and agri-commodities segment and is aligned with the company's strategy of expanding its commodity trading portfolio through relationships with established market participants.
Fractal Analytics’ wholly owned subsidiary -- Fractal has incorporated a new wholly owned subsidiary in Qatar Free Zones by the name ‘FRACTAL AI QFZ LLC’, a Limited Liability Company. FRACTAL AI QFZ LLC is incorporated with an objective of providing software development, information technology consultancy, network services, information technology support services and artificial intelligence-related services.
Om Power Transmission has received a Letter of Intent (LoI) from Gujarat Energy Transmission Corporation for supply, erection, testing and commissioning of 220kV D/C Chorania-Salejda Transmission Line on turnkey basis at a contract price of Rs 78.84 crore (Including GST).
Abans Financial Services has entered into a Share Purchase Agreement (SPA) with Siddhant Commercials (Seller) for the acquisition of 20,70,926 equity shares representing 6.01% of the paid-up equity share capital of Abans Finance (AFPL), a subsidiary of the Company. Post acquisition the company will hold 99.98% of AFPL.
Silver Touch Technologies has received a Purchase Order from ITI, a Government of India Public Sector Undertaking under the Department of Telecommunications, Ministry of Communications, for the supply of 80 high-performance enterprise servers along with a 3-year warranty, for deployment in a defence project where the end customer is the Indian Army. The PO is valued at Rs 35.63 crore, inclusive of GST.
Organic Recycling Systems (ORSL) has entered into a Memorandum of Understanding (MoU) with the Advanced Materials business of Aditya Birla Chemicals (Thailand), part of the Aditya Birla Group. MoU aims to establish a sustainable composite recycling value chain. Aditya Birla Group’s global reach and manufacturing expertise will align with ORSL’s expertise in waste recycling to establish scalable and commercial ecosystems.