Coal India has secured a significant order worth Rs 2,831.11 crore from Bundelkhand Saur Urja Limited for the development of a 600 MW solar power project. The project will be developed in two phases of 300 MW each. The contract stipulates a tariff rate of Rs 2.73/kWh for the power generated.
Airtel Money, subsidiary of Bharti Airtel, has commenced commercial operations as a Type II non-deposit accepting non-banking financial company (NBFC-ND-ICC). The group had earlier said the NBFC subsidiary would be capitalised with Rs 20,000 crore to be infused over the next few years. Airtel will contribute 70 per cent of the capital, while the promoter group, through Bharti Enterprises Ltd, will provide the remaining 30 per cent.
Tata Technologies and Tenneco LLC, one of the world’s leading designers, manufacturers, and distributors of advanced mobility products for original equipment (OE) and aftermarket customers, marked a significant milestone in their global partnership, reinforcing their shared commitment to scaling future ready capabilities from India. The collaboration also reflects a long-term strategic commitment, with Tenneco expected to make an investment of over $100 million in this engagement over the next five years.
Hero MotoCorp has reached a pivotal milestone in its nation-building mission with the Foundation Stone Laying Ceremony for its second Global Parts Centre (GPC) in Tirupati, Andhra Pradesh. This landmark facility, representing a significant investment of over Rs 750 crore, serves as the foundation of an expansive Rs 3,200 crore plus investment roadmap. The investment is aimed at transforming Tirupati into a world-class manufacturing and electric mobility hub, while strengthening Hero MotoCorp’s global supply chain and reinforcing India’s position in the automotive and EV ecosystem.
Lupin Limited has announced that the European Medicines Agency (EMA) has approved a change to the terms of marketing authorisation for NaMuscla, supported by the Pediatric Investigation Plan (PIP). The approval includes two new dosage strengths, 62 mg and 83 mg capsules, in addition to the existing 167 mg, and the revised indications that cover symptomatic treatment of myotonia in children (6–11 years, weighing at least 20 kg), adolescents (12–17 years), and adults with non-dystrophic myotonic disorders.
Sai Parenterals has announced that its Australian subsidiary, Noumed Pharmaceuticals Pty Ltd, has successfully renewed its long-term exclusive OTC Medicines Supply Agreement with one of Australia’s leading, multi-billion-dollar pharmacy chains with an expanded product portfolio, a longer agreement tenure, and a significantly higher agreement value – reflecting a trusted customer relationship. The renewed agreement is valued at AUD 202 Million (approximately Rs 1,300 crore) for the term – translating to about AUD 27 Million per annum – to be executed over an extended term of 7½ years – with a further 3-year extension option upon mutual consent. The agreement is also structured for continuous growth: it targets the addition of 12 new products every year, steadily increasing the contract’s value and scope every year over its life.
Gold exploration major Deccan Gold Mines Ltd has successfully completed documentation to secure a short-term debt funding facility of ₹20 Crore from Chhattisgarh-based Hira Infra Tek Limited. The primary purpose of entering into this loan agreement is to provide capital to accelerate international mining operations. Deccan Gold Mines will utilise the proceeds primarily to finance the completion and development of the Altyn Tor Gold Project in the Kyrgyz Republic. The project is being actively executed by Avelum Partner LLC, a subsidiary of Deccan Gold.
The board of POCL Enterprises Ltd has approved the acquisition of a controlling 51% stake in Trichy Metals and Alloys Private Limited (TMA). The transaction will be executed via a combination of purchasing equity from existing shareholders and subscribing to fresh equity shares on a preferential basis. The acquisition is a pure cash consideration deal valued at an aggregate investment of approximately ₹12.47 crore.
Exato Technologies has received an export order from a global entity for the provision of software licenses. The value of the aforesaid order is $479,375, exclusive of applicable taxes, duties, levies and other government-imposed charges.
Nisus Finance Services Co Ltd has announced an investment through its Rs 1,700 crore Real Estate Special Opportunities Fund I, a SEBI-registered Category II AIF managed by Nisus BCD Advisors LLP, in three residential projects in Bengaluru. The projects are being developed by Sumukha Housing Pvt Ltd., promoted by Arjun Vasu and Varun Vasu. Sumukha Housing is a Bengaluru-based residential developer with a track record of over 7 lakh sq. ft. of delivered projects across residential and commercial developments. The group has built a steady presence in the city’s residential market, with a focus on low-rise residential communities that are designed around end-user needs across key micro-markets in Bengaluru.
Faze Three Ltd has received approval under Production Linked Incentive (PLI) Scheme of Government of India in the MMF Fabrics and Technical Textiles segment. The incentive would be payable on incremental sales of eligible products of the Company over the base year sales as defined in the PLI Scheme.
Syngene International, a global contract research, development, and manufacturing organisation (CRDMO), has announced that Siddharth Mittal has assumed the role of Managing Director and Chief Executive Officer of the Company. Siddharth succeeds Peter Bains, who completed his tenure as Managing Director & CEO.
DEV Information Technology Ltd has received a work order worth Rs 2.79 crore from Gujarat International Finance TecCity Company Ltd. The engagement aims to transform GIFT City’s digital ecosystem into a world-class communication and investor engagement platform, further reinforcing GIFT City’s position as India’s premier International Financial Services Centre (IFSC). The project encompasses the design, development, deployment, implementation and maintenance of a modern, secure and scalable multilingual web-portal for GIFT City, along with the development of an interactive Digital Twin platform.
Srivasavi Adhesive Tapes has signed a five-year agreement to manufacture woven fabrics for a global multinational company (MNC). The MNC provides non-binding volume projections ranging from 2,500 tonnes in the first year to 3,900 tonnes in the third year, with actual quantities governed by specific purchase orders.