Summary: Indo-Tech Transformers Ltd. has won a purchase order worth ₹78.39 crore from Avaada Clean Project Pvt. Ltd. for the supply of nine 125 MVA transformers. The order, dated September 4, 2025, is considered a material development and highlights the company’s growing role in supporting India’s renewable energy…
September 5, 2025
Power Grid Wins Bid for TBCB Transmission Project in Uttar Pradesh
Summary: Power Grid Corporation of India Ltd (PGCIL) has been declared the successful bidder under Tariff-Based Competitive Bidding (TBCB) to establish a major inter-state transmission system (ISTS) in Sonbhadra district, Uttar Pradesh. The project, aimed at evacuating power from pumped storage projects, is expected to boost grid reliability…
September 5, 2025
Bharat Forge Subsidiary Acquires 950 Acres in Andhra Pradesh to Build Defence Manufacturing Hub
Summary: Bharat Forge’s step-down subsidiary Agneyastra Energetics Ltd has acquired nearly 950 acres of land in Andhra Pradesh to set up a large-scale defence manufacturing complex. The facility will focus on energetics, ammunition, and propellants, with future provisions for rockets, missile systems, and space applications. The announcement comes…
September 5, 2025
Bank of Baroda Flags Anil Ambani and Reliance Communications Loan Accounts as Fraudulent
Summary: Reliance Communications Ltd. (RCOM) has disclosed that Bank of Baroda has classified the loan accounts of the company and its promoter, Anil Ambani, as fraudulent. The bank is required to report the matter to the Reserve Bank of India (RBI) and other regulatory bodies. While RCOM is…
Brief: Specialty chemicals manufacturer Yasho Industries Ltd has signed a 15-year agreement with a global multinational corporation to supply lubricant additives, a deal expected to generate around ₹150 crore in annual revenue from FY27 onwards. The company will build a dedicated facility at its Pakhajan site to service…
Brief: Torrent Pharmaceuticals has issued a corrigendum to its open offer for acquiring up to 26% stake in J.B. Chemicals and Pharmaceuticals. The offer, worth ₹6,842.80 crore, values each share at ₹1,639.18. The corrigendum, published in leading national and regional newspapers, ensures transparency for shareholders ahead of the…
September 5, 2025
Mazagon Dock Declares ₹2.71 Final Dividend for FY25; Record Date Fixed for September 19
Brief: Defence shipbuilder Mazagon Dock Shipbuilders Ltd has announced a final dividend of ₹2.71 per equity share (face value ₹5) for the financial year 2024-25. The company has set September 19, 2025, as the record date to determine eligible shareholders, with the Annual General Meeting (AGM) scheduled for…
Summary: Sterlite Technologies’ U.S. subsidiary has developed the world’s slimmest high-density optical fiber cable, designed to meet the massive data needs of hyperscalers, telecom operators, and data centers. The new Celesta Intermittent Bonded Ribbon (IBR) Cable packs 864 fibers into a slim 11.7 mm diameter, setting new benchmarks…
Brief: The lenders of Jaiprakash Associates Ltd (JAL) are moving ahead with a challenge auction this week, setting a base value of ₹12,000 crore to resolve one of India’s largest insolvency cases. With big names such as Adani, Dalmia Bharat, Vedanta, JSPL, and PNC Infratech in the fray,…
Brief: Textile major RSWM Limited, part of the LNJ Bhilwara Group, has signed a power supply and management agreement with Powerpulse Trading Solutions Limited, a subsidiary of Adani Green Energy Limited, to secure 25 MW of solar and wind energy under a Group Captive Scheme. The deal, signed…
