Rail Vikas Nigam

RVNL has emerged as the lowest bidder for a project worth Rs 270 crore from Maharashtra Metro Rail Corporation. The project involves the construction of 10 elevated metro stations.

Oriana Power

The company has received a new contract worth Rs 375 crore for the construction of a 75 MW (AC) solar power plant from Maharashtra State Electricity Distribution Company. The project involves the implementation of feeder-level solarisation under Component C of the PM-KUSUM Scheme, including land and transmission line.

Bikaji Foods International

The company's subsidiary, Bikaji Foods Retail, will make a strategic investment of up to Rs 131.01 crore in Hazelnut Factory Food Products for the acquisition of its 53.02% stake in tranches. This acquisition is part of the company's overall strategy to develop and expand its quick service restaurant (QSR) business vertical.

Ircon International

The company has signed a Memorandum of Understanding (MoU) with Patel Engineering for collaboration and cooperation to jointly execute mutually beneficial business opportunities in various infrastructure projects in India and overseas.

Welspun Corp

The company's subsidiary, Sintex-BAPL, has completed the acquisition of a 100% stake in Weetek Plastic from the current shareholders. Following the acquisition, Weetek Plastic becomes a wholly owned step-down subsidiary of the company. Weetek Plastic manufactures plastic pipes, fittings, and water storage tanks with a combined capacity of 19 KMPTA in Raipur, Chhattisgarh.

EIH

The company's board has decided to invest up to GBP 69 million in EIH London Investments for a 100% stake. EIH London Investments has not yet commenced its business operations.

Aditya Birla Fashion and Retail

Aditya Birla Digital Fashion Ventures (ABDFVL), a wholly owned subsidiary of the company, has infused Rs 75 crore into Wrogn, increasing its shareholding in Wrogn from 17.10% to 32.84%.

Oberoi Realty

The board has approved the issuance of non-convertible debentures worth up to Rs 1,500 crore on a private placement basis. Additionally, it plans to launch a residential project named Jardin at Oberoi Garden City, Thane, on October 18.

Tata Elxsi

The design and technology services company has launched Coalesce, powered by the Snapdragon Spaces XR platform from Qualcomm Technologies Inc. Coalesce is an XR-based immersive collaboration solution that integrates spatial computing, digital twins, and simulations.

UltraTech Cement

The cement major has added 1.2 MTPA grinding capacity at its Arakkonam plant in Tamil Nadu. With this addition, its total cement capacity has reached 156.06 MTPA.

Cochin Shipyard

The Government of India has decided to exercise a green shoe option of up to 2.5% in the offer for sale of Cochin Shipyard on October 17. The offer for sale was subscribed 2.16 times the base size by non-retail investors on October 16. The issue will be opened for retail investors on October 17. The government is selling a 5% stake (including a 2.5% base issue size and a 2.5% green shoe option) in Cochin Shipyard.

GMR Airports Infrastructure

The passenger traffic in September grew by 9% YoY but fell by 4% MoM to 1.02 crore, while aircraft movements increased by 8% YoY and declined by 4% MoM to 67,018.

Allcargo Gati

The total volume, including surface and air express, stood at 108 kt for September, increasing by 6.9% over the previous month, but falling by 0.9% from 109 kt in September 2023.

Reliance Industries

The company has fixed October 28 as the record date for determining the eligibility of equity shareholders for bonus equity shares. The issue of bonus shares was passed with more than the requisite majority in e-voting on October 15.

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