Cochin Shipyard

The Government of India will be selling a 5% stake in Cochin Shipyard via the offer-for-sale (OFS) route. The floor price has been fixed at Rs 1,540 per share. The OFS includes a base offer size of 2.5% and a green shoe option of 2.5%. The issue will open for non-retail investors on October 16 and for retail investors on October 17.

PNC Infratech

The company has received Letters of Acceptance from the Maharashtra State Road Development Corporation (MSRDC) for two EPC road projects worth Rs 4,630 crore. The projects involve the construction of an access-controlled Pune ring road from Indori to Chimbali and an access-controlled expressway connector to the Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg from Jalna to Nanded in Maharashtra, on an EPC basis.

GR Infraprojects

The company has received a Letter of Acceptance from the Maharashtra State Road Development Corporation for a project worth Rs 1,885.63 crore. The project involves the construction of an access-controlled Pune ring road in the Pune district, package PRR W5, from village Kalyan/Rathwade to village Shivare/Kusgaon in Maharashtra, on an EPC basis.

Bhageria Industries

The company has received a Letter of Award for a solar power developer (SPD) for solar photovoltaic power generating stations with a total capacity of 32 MW (AC) under Component C of the PM-KUSUM scheme. Its scope of work will include power generation, while the Maharashtra State Electricity Distribution Company will purchase the power generated from the project for 25 years from the scheduled commercial operation date.

Capri Global Capital

The non-banking financial company has launched its Rooftop Solar Finance product under MSME loans. It has partnered with Credit Fair, a renewable energy fintech, to onboard customers digitally to avail loans and aims to build a separate loan book of Rs 1,000 crore in the coming years.

Power Finance Corporation

The company has transferred two wholly owned subsidiaries of PFC Consulting—Jamnagar Transmission and Navinal Transmission—to Adani Energy Solutions for Rs 19.3 crore and Rs 19.14 crore, respectively. PFC Consulting is a subsidiary of Power Finance Corporation. Jamnagar Transmission was established for the development of a network expansion scheme in Gujarat for the drawl of about 3.6 GW load under Phase-I in the Jamnagar area, and Navinal Transmission was established for the development of a network expansion scheme in Navinal (Mundra), Gujarat, for the drawal of power in the area.

Tembo Global Industries

The company has received an order from the Maharashtra State Electricity Distribution Company for a 25-year Power Purchase Agreement (PPA) for solar photovoltaic power generating stations with a capacity of 124 MW (AC) under the Mukhyamantri Saur Krushi Vahini Yojana 2.0.

RailTel Corporation of India

The company has received a work order from the Maharashtra Housing and Area Development Authority for a project amounting to Rs 79.84 crore. The project involves selecting a service provider (cloud hosting and managed service) to set up, migrate, and manage a data center and disaster recovery site for MHADA on the cloud.

HFCL

The company has launched two Unlicensed Band Radio (UBR) products, which include (a) a 1 Gbps small form factor 4G/5G backhauling radio offering unprecedented spectral and power efficiency, and (b) an energy-efficient 2 Gbps point-to-multipoint rural connectivity UBR.

Oil and Natural Gas Corporation

ONGC Petro additions (OPaL) has allotted 559.48 crore equity shares to ONGC via a rights issue. After this allotment, the shareholding of the company has increased from 91.16% to 94.04% for Rs 5,594.8 crore.

LTIMindtree

The company's subsidiary, LTIMindtree GmbH, and step-down subsidiary, Nielsen + Partner Unternehmensberater GmbH in Germany, have merged, effective October 2. Following the merger, Nielsen + Partner Unternehmensberater GmbH has been deregistered.

Central Bank of India

The Competition Commission of India has approved the proposed acquisition of 24.91% shareholding in Future Generali India Insurance and 25.18% shareholding in Future Generali India Life Insurance by Central Bank of India.

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