Company Profile

Biocon has entered into an agreement for acquisition of 26% equity stake on a fully diluted basis in Hinduja Renewables Two (HRTPL), a special purpose vehicle formed for the purpose of power generation and developing a captive power plant as per Electricity laws. HRTPL was incorporated on September 25, 2020, which will engage in the business of power generation and will develop a 19.77 MW wind power plant (captive) at Raichur District of Karnataka.

Coal India is planning to set up 14 rooftop and ground-mounted solar power projects of 3,000 MW capacity by 2023-24 which will entail an investment of Rs 5,650 crore. The company is mandated by the coal ministry to become a net zero carbon company. Solar power initiative is a part of the company’s diversification plans. The likely investment would be around Rs 5,650 crore. While Rs 3,650 crore is planned to be invested through CIL's capex, till 2023-24, the rest would be met through joint venture models that the company intends to pursue for this initiative.

Ircon International has secured works worth Rs 723 crore by NCRTC. The company has received work order for Design, Supply, Installation, Testing and Commissioning of Receiving Sub-Stations and associated works on Viaduct & Tunnel from Sarai Kale Khan to Duhai (EPE) including Jangpura Stabling Yard and Duhai Depot and SCDA system for Complete Corridor of Delhi- Ghaziabad-Meerut RRTS Corridor of NCRTC for the accepted contract amount of approximately Rs 318 crore. The tenure for execution of works is 50 months.

Exide Industries (EIL) has further invested an amount aggregating to Rs 33.17 crore by way of subscription to the equity share capital of its subsidiary, Exide Leclanche Energy (hereinafter referred as 'JVC') to meet the funding requirement, particularly the Capital Expenditure projects of JVC. With the said investment, the equity shareholding of EIL in JVC stands increased from 77.87% to 80.15% of the total paid-up share capital.

Bharti Airtel’s subsidiary -- Airtel Digital TV and Vedantu have entered into partnership to make quality education accessible to students across India by leveraging the deep reach of Airtel. Under the partnership, two dedicated DTH channels -Vedantu Materclasses - will be available exclusively to the 17 million Airtel Digital TV customers at the highly affordable price of Rs 4 per day.

Reliance Industries’ step down subsidiary-- Reliance Retail showcased more than 40,000 artisan-crafted products from over 50 GI clusters to its customers this festive season in a strong push to locally-made artisanal products. A direct result of its three-year-old flagship initiatives - 'Indie by AJIO' and 'Swadesh' - started to provide avenues for sales and employment to local craftsmen, the programmes now engage with more than 30,000 craftsmen, representing over 600 art forms across a wide spectrum of clothing, textiles, handicrafts and handmade natural goods.

Jubilant Industries has executed an agreement to sell for transfer of portable liquor license of the company for manufacturing of Indian Made Foreign Liquor (IMFL) (License) on November 23, 2020 (Agreement to Sell). The transfer of the License is subject to certain conditions as set out in the Agreement to Sell. Consequent to the transfer of the License, the company shall no longer be manufacturing Indian Made Foreign Liquor.

Bharti Airtel’s subsidiary -- Airtel Digital TV and Vedantu have entered into partnership to make quality education accessible to students across India by leveraging the deep reach of Airtel. Under the partnership, two dedicated DTH channels -Vedantu Materclasses - will be available exclusively to the 17 million Airtel Digital TV customers at the highly affordable price of Rs 4 per day.

The channels will cater to students from Classes 6 to 10 and Classes 11 to 12 respectively and will cover Maths and Science. The learning will be delivered by best-in-class faculty including graduates from IIT and AIIMS with proven track records in teaching. The medium of teaching will be a mix of English and Hindi with plans underway to add regional language content, where possible.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Bharti Airtel has entered into an agreement for acquisition of equity shares in Avaada MHBuldhana a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws. Avaada MHBuldhana is a newly formed company and developing captive generating solar power plant in Maharashtra which will become operational by March 2021.

Dwarikesh Sugar Industries has obtained necessary approvals from relevant Authorities for commencement of Distillery operations at enhanced capacity of 130 Kilo Liters per day (KLPD) from the earlier capacity of 100 KLPD at Dwarikesh Nagar, Village Bundki, Tehsil Nagina, District Bijnor, Uttar Pradesh with effect from November 22, 2020. This added capacity can be used for making a range of distillery products such as Rectified Spirit, Ethanol, Extra Neutral Alcohol (ENA) etc.

BEML has received variation order to contract 'MRS1' from DMRC, for additional 12 trainsets of 06 cars each (total 72 cars) to operate on line 2B and 7 of Mumbai metro project. The order is valued at around Rs 501 crore on equivalent Rupee basis.  With this, the total contract value has increased to around Rs 4318 crore from the existing Rs 3817 crore, all amounts mentioned in equivalent Rupee, for supplies before August 2023.

Petronet LNG has signed a non-binding Memorandum of Understanding (MoU) with Ministry of Petroleum & Natural Gas November 20, 2020 with the objective to foray in to 'Green Energy and Bio Fuels' for setting up of Compressed Bio Gas (CBG) Plants under Sustainable Alternative Towards Affordable Transportation (SATAT) initiative of the Government of India.

Jindal Steel & power (JSPL) has recorded a 13% growth (Y-o-Y) in standalone Steel Production with 585,000 metric tons in October 2020 as compared to 518,000 metric tons in the previous year during the same period. Company’s standalone Sales rose by 10% (Y-o-Y) in October 2020 with 600,000 metric tons as compared to Standalone Sales of 547,000 metric tons in the previous year during the same period.

Rashtriya Chemicals and Fertilizers (RCF) has recorded its highest ever daily sale of industrial products of Rs 5.44 crore on November 18. The RCF apart from manufacturing chemical fertilisers and industrial products is actively engaged in promoting the use of organic fertilisers and non-chemical bio fertilisers.

RMC Switchgears has bagged sales order of Rs. 3.28 crore from MSEDCL. The COVID-19 pandemic has brutally exposed and worsened existing vulnerabilities in the Indian economy. In order to cope up with this situation, the Company has streamlined the process and has been putting constant efforts to sail through the high wave. The Company has been consistently making bids for tenders floated by the Central Government and various State Governments. As a result of its consistency, the Company has been awarded a tender of Rs. 3.28 crore from MSEDCL.

Bharti Airtel has entered into an agreement for acquisition of equity shares in Avaada MHBuldhana a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws.

Avaada MHBuldhana is a newly formed company and developing captive generating solar power plant in Maharashtra which will become operational by March 2021.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Bharti Airtel has started deploying 4G technology in 900 megahertz band, which it was using for 2G services, across 10 telecom circles to enhance indoor coverage of the high-speed mobile telephony. The refarming of 900 Mhz spectrum band for 4G services is underway in six circles of Delhi, Kolkata, Andhra Pradesh, North East, Karnataka and Rajasthan. The company will extend the exercise to more circles where it has liberalised spectrum in the 900 Mhz band. The company has already shut down 3G across the country and re-farmed all the 3G spectrum for 4G.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.