NTPC on Monday said it has signed an initial pact with GRIDCO and CRUT to set up green hydrogen infrastructure in Odisha. NTPC has signed a Memorandum of Understanding (MoU) with GRIDCO, a Government of Odisha undertaking for Energy and Capital Region Urban Transport (CRUT), the public transit agency of the state government, on Monday, as per a statement.
Adani Defence Systems and Technologies Ltd (ADSTL), subsidiary of Adani Enterprises, has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works India (Engineering) Pvt Ltd (AWIEPL), a maintenance, repair and overhaul (MRO) company, for ₹400 crore. “The Indian aviation industry stands at a transformative juncture, now the third largest globally and on track to induct over 1,500 aircraft in the coming years,” said Jeet Adani, Director, Adani Airports, in an official release. “For us, creating a presence in the MRO sector is more than just a strategic step. We are excited to play a pivotal role in shaping the future of India’s skies.”
Websol Energy System will begin commercial production of PV cells in July 2025 at its expanded project in West Bengal. In October, the company doubled the capacity of its 600 MW cell line at its Falta plant by investing ₹220 crore.
State-owned Indian Renewable Energy Development Agency (IREDA) has sanctioned ₹3,000 crore for green energy projects across Odisha, the company’s CMD Pradip Kumar Das on Monday.
Wipro has appointed Ranjita Ghosh as its new Global Chief Marketing Officer (CMO), effective February 1 next year. Ghosh takes the chair from Laura Langdon, who has decided to explore career opportunities outside Wipro, a company statement said. Previously CMO of Wipro’s Asia Pacific, Middle East & Africa (APMEA) strategic market unit, Ghosh will now lead all marketing activities for Wipro across its geographies.
The board of Bharat Forge has approved infusion $64.50 million into Bharat Forge America, its wholly owned subsidiary. The allocation of the infused funds will be: $19.50 million will be retained by BFA; $30 million will be invested by BFA into Bharat Forge Aluminum USA, Inc, a wholly owned subsidiary of BFA; and $15 million will be invested by BFA into Bharat Forge PMT Technologie LLC, another wholly owned subsidiary of BFA. In a separate disclosure, it said Kalyani Investment Company, one of the promoter group entities of Bharat Forge, has settled a case with SEBI about the alleged violation of disclosure norms after paying ₹1.12 crore towards the settlement fee.
Supreme Facility Management Limited (NSE – SME), specialising in comprehensive Integrated Facilities Management and Support Services, is pleased to announce a strategic partnership with Komorebi Tech Solutions Private Ltd to bolster bus services in the Mumbai Metropolitan Region. Under this transformative five-year agreement, Supreme Facility Management Limited will introduce a fleet of 50 state-of-the-art buses in a phased manner to operate under the Cityflo platform.
HG Banaskantha Bess Private Limited, a wholly owned subsidiary of HG Infra Engineering entered into an Battery Energy Storage Purchase Agreement with NTPC Vidyut Vyapar Nigam for Procurement of 185 MW/ 370 MWH on long term basis. In a separate disclosure, the company it has acquired 28.40 lakh shares of ₹10 each for ₹2.84 crore in HG Jetpur Solar Project Private Ltd, subsidiary of the company by way of subscription of rights issue.
Symphony has entered into a 2nd Addendum in respect to loan agreement dated June 28, 2023, with Symphony AU Pty Ltd (SAPL), a wholly owned subsidiary. Accordingly, loans will be provided, in one or more trenches, to meet with the working capital requirements of the SAPL and general corporate purpose.
Alankit said that it has a settlement with Protean eGov Technologies in an arbitration case. As against the total claim raised by the company for ₹68.5 crore, it has not settled for a sum ₹38.06 crore, consisting of: ₹28.54 crore offset as a counterclaim; and ₹9.52 crore received from Protean eGov Technologies Limited post-settlement of the counterclaim.
Waaree Energies Ltd on Monday said its board has approved three investment proposals aggregating ₹850 crore to set up electrolyser and storage cell manufacturing facilities. The board also approved capital expenditure (capex) of ₹130 crore in invertor business through its wholly-owned subsidiary Waaree Power Private Limited.
Metals and Minerals Trading Corporation of India Ltd (MMTC) has received warning letters from the National Stock Exchange (NSE) and the BSE on December 20, for the company’s failure to convene a “stakeholders relationship committee” during the financial year 2023-2024, as required under regulatory guidelines.
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Published on December 24, 2024
https://www.thehindubusinessline.com/markets/stocks-that-will-see-action-today-december-24-2024/article69021377.ece
