Indian Hotels Company has invested Rs 35 crore in the equity shares of Zarrenstar Hospitality (Wholly-Owned Subsidiary) by way of subscription to Rights Issue. The funds will be used by the WOS for developing a hotel near Cochin International Airport. The company’s shareholding post this investment remains at 100%.
Sonata Software has planned to set up a delivery centre in Krakow, Poland. The nearshore centre will support the growing demands for business transformation, modernisation and cost optimisation initiatives, from global clients in Europe. Poland, with its rich tech talent pool, favorable economic environment, and best-in-class IT infrastructure, emerges as an ideal location for international companies seeking reliable and highly specialized software houses. Sonata Software plans to make significant investment in the delivery centre in Poland with an aim to advance its regional capabilities, to offer enhanced value to its clients by enabling close-to-client service delivery, and to penetrate the European market effectively.
Bharat Heavy Electricals (BHEL) has received an order from NTPC for setting up the Singrauli Super Thermal Power Project, Stage-III (2x800 MW) in Sonebhadra District, Uttar Pradesh. Broad consideration or size of the order is more than Rs 9500 crore excluding GST.
Advanced Enzyme Technologies has completed the acquisition of additional stake of 5.89% in JC Biotech (JCB), subsidiary of the company by way of purchase of 12,18,976 Equity Shares from few selling shareholders of JCB, for a consideration of Rs 56.07 million i.e. Rs. 46 per Equity Share. In View of this, the shareholding of the company in JCB has increased from 89.83% to 95.72% of paid-up share capital of JCB.
J Kumar Infraprojects’ joint venture (JV) -- J. Kumar - SMC (JV) has received Letter of Acceptance (LoA) from Navi Mumbai Municipal Corporation for the work of ‘Construction of Creek Bridge Connecting Ghansoli - Airoli along Palm Beach Road at Ghansoli, Navi Mumbai on EPC Mode for the total contract cost amounting to Rs 492.99 crore (excluding GST) and the share of the company is 70% i.e. amounting to Rs 345.09 crore (excluding GST). J.Kumar - SMC (JV) is a Joint Venture formed by the Company with M/s. SMC Infrastructures. The order is to be executed within 30 months.
Alphalogic Techsys has signed Memorandum of Understanding (MoU) with District Administration, Chandrapur in the state of Maharashtra to facilitate the establishment and operationalize industrial activities. The company will establish Grain based Bio-Ethanol Plant with a proposed investment of Rs 160.35 crore. The project is expected to generate employment for 200 peoples and would be located in Tadali Growth Centre in the district of Chandrapur, Maharashtra.
JSW Renew Energy Five, a wholly owned subsidiary of JSW Neo Energy and step down subsidiary of JSW Energy, has signed Battery Energy Storage Purchase Agreement (BESPA) for the first project of 250 MW / 500 MWh Standalone Battery Energy Storage System out of the total awarded project capacity of 500MW /1,000MWh (two projects each of 250 MW / 500 MWh) with Solar Energy Corporation of India.
Indian Hotels Company has invested Rs 35 crore in the equity sh..