Hinduja Tech (HT), a mobility-focused global engineering R&D services company and a subsidiary of Ashok Leyland, has signed a definitive agreement for Creador to invest $50 million acquiring 19.6 % shareholding in the company, which is subject to completion of customary closing conditions. Creador is a renowned private equity firm focused on partnering to grow world-class businesses in Southeast Asia and India. This investment places Hinduja Tech at a post-money equity value of $255 million.
Genesys International Corporation has received Letter of Acceptance from Brihanmumbai Municipal Corporation (BMC) of Rs 155.85 crore for Development, Implementation, Maintenance of 3D City model & Change Detection using Geospatial Technology for BMC. The project is to be executed within a period of 18 months.
Adani Green Energy (AGEL) has operationalized 126 MW wind power capacity in Gujarat. This marks the completion of the 300 MW of project, with 174 MW being operationalized earlier. The 300 MW wind project will produce around 1,091 million electricity units, leading to an avoidance of around 0.8 million tons of CO2 emissions annually. With the operationalization of the project, AGEL continues to strengthen its market leadership, operating India’s largest renewable energy portfolio of 9,604 MW.
KPI Green Energy has emerged as the successful winner in the Gujarat Urja Vikas Nigam (GUVNL) tender for development of Wind-Solar Hybrid Power Project. This achievement marks a significant milestone in the company’s journey towards growth, consolidation and excellence. The company had participated in the competitive bidding process under the ‘Procurement of power through competitive bidding process vide RFS No. GUVNL / 500 MW / Hybrid RE (Phase I)’ issued by GUVNL on November 1, 2023, followed by a reverse E-Auction held on January 22, 2024. This tender was for the development of 500 MW Hybrid Renewable Power Projects with a Greenshoe Option of additional capacity up to 500 MW.
Wipro has been selected by Desjardins to transform their credit solutions for members and clients. Wipro Gallagher Solutions’ (WGS), a Wipro Company and leading provider of cloud-based Loan Origination Systems (LOS), flagship NetOxygen solution will integrate and manage Desjardins' multiple in-house and legacy systems to bring all their Loan Origination Systems into one platform, resulting in improved customer experience, efficiency gains and cost savings.
CFF Fluid Control has received the Biennial Rate Contract for Engineering Work for Project-MRLC-2 INS SHANKUSH from M/s Mazagon Dock Shipbuilders totalling to around Rs 46.46 crore (Including Tax). The said order is expected to be completed by February 2026.
Apeejay Surrendra Park Hotels has introduced its latest addition, Zone by The Park nestled in the heart of Digha, a picturesque coastal resort town in Purba Medinipur, West Bengal. Strategically positioned just 2.5 kilometres from Digha railway station and 210 kilometres from Netaji Subhash Chandra Bose International Airport in Kolkata, Zone by The Park Digha beckons travellers to experience coastal opulence. This is the 22nd hotel under Zone by The Park, a socialcatalyst brand.
Hinduja Tech (HT), a mobility-focused global engineering R&..