In News
DILIP BUILDCON Company has incorporated a new SPV Company named "Maradgi S Andola-Baswantpur Highways Limited" as a wholly owned subsidiary of Dilip Buildcon Limited For Rs 1589 Cr Project
PRATAAP SNACKS DEALER SAYS LARGE BLOCK DEAL SOON , LEADING PE INVESTOR LIKELY TO SELL STAKE - CNBC-TV18
SPANDAN SPOORTY Board has approved the transfer of stressed loan portfolio including written off loans of Rs.323.08 Crore outstanding as on September 30, 2022 to an Asset Reconstruction Company pursuant to Swiss Challenge Method for a consideration of Rs.95 Crore
WIPRO Company has completed the acquisition of the remaining 3.3% equity stake in Encore Theme yesterday (December 27, 2022). With the completion of the acquisition of aforesaid equity stake, Encore Theme has become a wholly owned subsidiary of the Company w.e.f. December 27, 2022.
Bartronics India : Co. Says Resolution Plan approved by the Hon’ble National Company Law Tribunal, Hyderabad Bench vide its order dated March 10, 2022, based on the powers vested with the Monitoring Agent, the Monitoring Agent has approved complete extinguishment of 35,91,187 equity shares of the Company held by ‘Promoter and Promoter Group’ of the Company on December 28, 2022.
JSW STEEL JSW Steel increases coated flat steel prices by INR 500/t ($6/t) - STEELMINT
RITES : Five consortiums qualify for Hyderabad Airport Metro GC bids
JSW ENERGY; Co . Says With NCLT Approval Order, the Resolution Plan has now been implemented and the acquisition of Ind-Barath Energy (Utkal) Limited is complete. The Resolution Amount of Rs. 1,047.60 crores has been paid.Accordingly, the Company holds 95% equity shares of Ind-Barath Energy (Utkal) Limited and the secured financial creditors collectively hold the balance 5%, as per the terms of the Resolution Plan. Ind-Barath Energy (Utkal) Limited has become a subsidiary of the Company.
SAIL ; SAIL increases flat steel prices by INR 500/t ($6/t) - Steelmint
TATA POWER: Tata Power Renewable Energy Limited receives ‘Letter of Award’ to set up 255MW Hybrid Project for Tata Power Delhi Distribution Limited The letter indicates the current capacity bifurcation as 85MW solar and 170MW wind power with the green-shoe option of additional capacity of 85MW solar and 170MW wind.
BAMBINO AGRO : Co. Says commercial production at our new factory (teasehold) situated at Gohana, Sonipet, has been successfutly commenced with effect from December 27,2022. The company has expanded operations with an additional capacity of 21OO MT /month. The total production capacity (all units) of the company has been increased from 1400MT/ month to 3500MT/ month.
EXXARO TILES : Co. announce that plant is restarted from today onwards on a regular basis after necessary equipment up-gradation and maintenance.
Ashoka Buildcon Awarded projects worth Rs 754.57 cr from Madhya Pradesh PoorvKshetra Vidyut Vitaran Company
NACL IND Co. Says greenfield project (i.e first phase of the Project with capacity of 6000 MT per annum) of M/s.NACL Spec-Chem Limited, a Wholly Owned Subsidiary of the Company, at Industrial Plot No. D-2/11/B/3/2, GIDC Estate, Dahej-II Industrial Area,Bharuch - 392130, Gujarat has successfully commenced its commercial operations with effect from December 28, 2022.
KANORIA CHEMICAL :Co. Informs commercial production of the Phenolic Resin Plant at Ankleshwar, Gujarat with 6500 MTPA capacity, will commence from 1st January 2023.
BHARTI AIRTEL : Bharti Airtel Plans ₹26000-27000 Cr Capex For Network, No Premium Pricing For 5G - ET Sources
TATA STEEL : Tata Steel Buys Rs 14.80 Cr Worth Stake In Tata Steel Advanced Materials Limited (‘TSAML’)On completion of the above acquisition, TSAML will continue to be a wholly owned subsidiary of the Company.
BANK OF INDIA ; Bank has infused capital of Rs 113.68 Lakhs in PSB Alliance Pvt.Ltd. on 28.12.2022. Bank's existing stake in PSB Alliance Pvt Ltd is 7.14% and after proposed capital infusion by members, our stake will be 8.33%.
LEMON TREE Lemon Tree Hotels announced its latest signing, Keys Lite by Lemon Tree Hotels, Banswara, Rajasthan. The property is expected to be operational by April 2024 and shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels Limited.
SARDA PAPERS :Co informs that Registrar of Companies (ROC) has issued its approval for the Change of name from Sarda Papers Limited to Tahmar Enterprises Limited vide Certificate of Incorporation
SBI : Board Meet On 3 Jan To seek approval for raising of Infrastructure Bonds up to an amount of Rs. 10,000 crores through a public issue or private placement, during FY23.
COROMANDEL INT . : Wholly-Owned Subsidiary Company has been incorporated under the name “Coromandel Technology Limited.