BHEL & REC JV Proposal Rejected
The board confirmed that DIPAM has not approved the proposal for forming a joint venture between BHEL and REC Power Development and Consultancy.
Allcargo Logistics Focuses on Digital Growth
Allcargo will invest in ROI-based digital execution, aiming for revenue CAGR of 12% and EBITDA CAGR of 21% by FY30.
Exide Industries Infuses ₹80 Crore in Subsidiary
Exide invested ₹80 crore in its arm Exide Energy Solutions through a rights issue.
JSW Energy Moves Supreme Court
JSW Energy’s subsidiary has filed an appeal in the Supreme Court against an APTEL order.
Rites Secures $18 Million South Africa Order
Rites received a $18 million (₹153 crore) order from Talis Logistics, South Africa, to supply diesel electric locomotives.
ITCONS E-Solutions Wins HAL Defence Order
ITCONS bagged a ₹3.8 crore contract from HAL, Ministry of Defence, for manpower services.
IIFL Finance Expands NCD Issue Size
IIFL Finance’s board approved enhancing its NCD issue size up to ₹500 crore via private placement.
Camlin Fine Sciences Extends Vinpai Deal Timeline
Camlin Fine Sciences extended the completion timeline of its Vinpai SA acquisition to November 30.
NTPC Green Energy Commissions 25 MW Solar Project
NTPC Green Energy commissioned a 25 MW solar project in Gujarat, part of its larger 37.5 MW project.
Veranda Learning Transfers Vocational Segment
Veranda Learning shifted its vocational business to SNVA EduTech for a 50% stake; the new entity targets ₹250 crore revenue by FY26.
Carysil Denies Fresh QIP Plans
Carysil clarified that no new QIP is planned for its Bhavnagar facility, with expansion funded from earlier QIP proceeds.
Capital India Finance Re-Appoints MD
Capital India Finance re-appointed Keshav Porwal as Managing Director for three years starting Nov. 27, and approved raising funds via debt securities.
Kalpataru Projects Settles Arbitration Dispute
Vindhyachal Expressway, a Kalpataru Projects arm, settled an arbitration award related to a road project.
Supreme Petrochem Adds 20,000 TPA Capacity
Supreme Petrochem commissioned two new ABS compounding lines at its Amdoshi facility, adding 20,000 TPA capacity.
Monarch Networth Gets SEBI Nod for FPI Fund
Monarch Networth Capital secured SEBI registration for ‘Monarch India Growth Fund’ as a Category I foreign portfolio investor.
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