The Centre on Tuesday announced plans to sell up to a 2% stake in Coal India Limited through an offer for sale (OFS), according to an exchange filing. The stake sale, being carried out by the Ministry of Coal, will take place via the OFS window on the BSE and NSE in line with SEBI guidelines. Under the base offer, the government will divest up to 6.162 crore shares, representing 1 per cent of Coal India’s paid-up equity capital with an green shoe option to sell additional 6.162 crore shares, The stake sale will be conducted over two trading sessions. On May 27, the OFS window will open exclusively for non-retail investors. Retail investors and employees (quota of 25,000 shares) will be allowed to participate on May 29, alongside non-retail investors opting to carry forward unallotted bids from the first day.
Zee Entertainment Enterprises on Tuesday said that it was in talks with the Fédération Internationale de Football Association (FIFA) to broadcast and stream the FIFA World Cup 2026 matches in India. The company also said that it was launching Unite8 Sports, a dedicated portfolio of sports channels, as it sought to expand its presence in sports broadcasting. “Unite8 Sports will encompass emerging formats, marquee properties and high-engagement content,” Zee said in a statement.
Indian Metals & Ferro Alloys Ltd. (IMFA) has acquired a 26 per cent equity stake in renewable energy company EG Urja Strot Private Limited for about ₹110.18 crorex. The company has signed a 29-year Power Purchase Agreement (PPA) with EG Urja Strot under the captive consumer framework defined under the Electricity Act, 2003 and Electricity Rules, 2005, for supply of renewable energy to its ferro chrome operations. Through the deal, IMFA has secured 65 MW of hybrid renewable power under a long-term captive arrangement and the indicative timeline for completion of the project is June 2027.
Tata Elxsi has launched ViTel, a Material Intelligence solution for Medical Device manufacturers, co developed with Viridium AI, a material intelligence platform company. ViTel is being formally introduced at DeviceTalks Boston 2026, where Tata Elxsi is presenting its latest advances in AI-powered MedTech engineering and compliance
Solar panel maker Saatvik Green Energy Ltd has received orders worth ₹171.45 crore from a domestic independent power producer and engineering, procurement and construction (EPC) player for the supply of solar photovoltaic (PV) modules.
GPT Infraprojects Ltd has won a new contract worth ₹72 crore from PCMM, Eastern Railway, for the supply of Pre-Stressed Concrete (PSC) sleepers. The order involves supplying sleepers to various divisions of Eastern Railway and is expected to be executed over a period of 730 days from the appointed date.