Black Box Ltd.

In a significant move to address the acute affordable and mid-income housing shortage in India, IFC and Sunteck Realty are partnering to create a joint platform with a total investment of up to Rs 7,500 million ($90 million) to promote the development of nearly 12,000 high-quality housing units across four to six green housing projects within the Mumbai Metropolitan Region (MMR) in the state of Maharashtra. IFC's proposed investment is for up to Rs 3,300 million ($40 million), with the remainder to be brought in by Sunteck Realty.

Ahasolar Technologies has received work order for consultancy services for BrihanMumbai Electric Supply and Transport (BEST) to install rooftop solar PV panels at 27 depots and other available areas from Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH. The whole Consultancy Service is priced at around Rs 25 lakh. 

UltraTech Cement has entered into an agreement with The India Cements, a company incorporated under the Indian Companies Act, 1913 and having its registered office at Chennai on September 21, 2023 for purchase of land admeasuring 73.75 acres (which includes land admeasuring 14.53 acres to be procured), located at villages Kantakapalle and Chinnipalem, Mandal Kothavalasa, District Vizianagram, Andhra Pradesh, for a consideration of Rs 70.00 crore, exclusive of taxes, stamp duty and registration charges. This is for the purposes of the business of the company.

NBCC (India) has been awarded the work for construction of Various Development Work at township and mines of SAIL Bhilai Steel Plant. The order value is Rs 100 crore.

Life Insurance Corporation of India (LIC) has increased its shareholding in ‘Gujarat Gas’. The corporation’s shareholding in ‘Gujarat Gas’ has increased from 3,42,90,854 to 3,45,07,854 Equity Shares, increasing its shareholding from 4.981% to 5.012% of the paid-up capital of the said Company.

Natural Capsules’ subsidiary -- Natural Biogenex has inaugurated Small Volume Production Block and Research & Development (R&D) Block on September 20, 2023 at Tumkur, Karnataka. The Small Volume Production Block consists of chemical synthesis reactions and clean rooms areas to produce final API (Active pharma ingredients) in small volume batches. This facility consists of Glass Reactor assemble of 200 liters, 100 liters & 50 liters capacity and other process equipment to manufacture Final API, on receipt of relevant drug manufacturing License.

Black Box has inaugurated its new Center of Excellence located in Bengaluru, India. Black Box is one of Essar’s key investments in the technology and retail sector. This state-of-the-art facility represents a significant upgrade, providing employees with an unparalleled environment for collaboration and optimizing business operations. Encompassing an impressive 50,000 square feet, it boasts cutting-edge R&D Labs, Command Centers, client-tailored Offshore Delivery Centers, and dedicated discussion rooms, all designed to foster teamwork across teams and regions.