Hudco & NBCC Collaboration
Housing & Urban Development Corporation (HUDCO) has signed a memorandum of understanding with NBCC (India) Ltd. for developing a 10-acre land parcel in Noida. The project, estimated at ₹600 crore, will be executed by NBCC.
KEC International Secures Major Order
KEC International has bagged a ₹1,704 crore order in the transmission and distribution sector from Power Grid Corporation of India. This addition boosts the company’s total order intake for the year to ₹16,300 crore.
Sonata Software Wins Multi-Million-Dollar Deal
Sonata Software has secured a significant modernization contract in Australia from a global client. The deal reinforces the company’s presence in international markets.
Waaree Renewable Technologies’ Solar Push
Waaree Renewable Technologies has received a term sheet worth ₹1,233 crore for construction work on a solar PV project. This marks a significant step in the company’s renewable energy portfolio.
Ujjivan Small Finance Bank Offloads Stressed Loans
Ujjivan Small Finance Bank has sold its stressed loan portfolio, valued at ₹270.4 crore as of September 30, 2024, to an asset reconstruction company via the Swiss challenge method for ₹40.6 crore.
PCBL Expands in Andhra Pradesh
The Andhra Pradesh government has allocated 116.6 acres to PCBL for establishing a chemical manufacturing unit. The project involves an investment of ₹3,718 crore.
Natco Pharma Sells Land in Telangana
Natco Pharma has sold 14.4 acres of land in Telangana for ₹116 crore, including associated infrastructure costs.
Godrej Properties Launches QIP
Godrej Properties has initiated a qualified institutional placement (QIP) at a floor price of ₹2,727 per share, approximately 4% lower than the current market price.
Ashoka Buildcon Bids for Madhya Pradesh Project
Ashoka Buildcon has submitted a bid for a project with Madhya Pradesh Poorv Kshetra Vidyut Vitaran, with the accepted bid price being ₹193 crore.
LIC Appeals Against GST Order
Life Insurance Corporation (LIC) has filed an appeal against a Maharashtra order demanding ₹530 crore in GST, including interest and penalties, for fiscal 2020.
Integrated Proteins Issues Equity Warrants
Integrated Proteins has allotted up to 2 crore convertible equity warrants to a non-promoter entity for a cash consideration of ₹11.25 per warrant.
Hathway Cables Acquires Subsidiary Stake
Hathway Cables and Datacom has acquired the remaining 61.15% equity stake in Hathway Cable MCN Nanded Pvt. Ltd. for ₹11.
Yes Bank Appoints New Chief Vigilance Officer
Yes Bank has appointed Binu Soman as its Chief Vigilance Officer for a three-year term starting December 14, 2024.
Adani Green Energy Expands Subsidiaries
Adani Green Energy’s arm, Adani Saur Urja (KA) Ltd., has incorporated two new subsidiaries: Adani Hydro Energy Two Ltd. and Adani Hydro Energy Three Ltd.
Ironwood Education to Discuss Fundraising
Ironwood Education’s board will meet on December 2 to discuss raising funds through a preferential issue, private placement, or other means.
Manaksia Coated Metals Plans Fundraising
Manaksia Coated Metals and Industries will meet on December 2 to finalize plans for raising funds via a preferential issue, private placement, or other means.
Stay tuned to Moneyphobia for more detailed updates on corporate developments and market trends!
