Market & News

ITC announced that the Competition Commission of India, vide letter dated 16 December 2025, has approved the proposed acquisition of pulp and paper business of Aditya Birla Real Estate (operated under the name of ‘Century Pulp & Paper') by the Company as a going concern on a slump sale basis.

Nirlon will hold a meeting of the Board of Directors of the Company on 10 February 2026.

Tata Chemicals has allotted 1,50,000 listed, unsecured, rated, redeemable, taxable, non-cumulative non-convertible debentures, having face value Rs 1,00,000/- each, for cash, aggregating to Rs 1,500 crore, for a tenor of 2 years 364 days, to identified investors on private placement basis, on the terms and conditions as mentioned in the transaction documents for the said issue.

The NCDs have a fixed rate coupon of 7.06% and have been issued based on multiple yield allotment method. The NCDs will be listed on the Debt Segment of National Stock Exchange of India Limited (NSE).

 Loop Industries, Inc. (Nasdaq: LOOP), today announced that its India joint-venture Ester Loop Infinite Technologies (ELITe), formed in partnership with Ester Industries (NSE: ESTER), has awarded the detailed engineering contract for its Infinite Loop™ India project to Toyo Engineering India, a globally recognized EPC firm with over four decades of experience executing large-scale industrial and petrochemical projects across India. This step follows the successful completion of front-end engineering design (FEED) by Tata Consulting Engineers, and represents the final engineering phase ahead of construction.

The contract will cover the full scope of detailed design, procurement engineering, and technical documentation.

The Infinite Loop™ India manufacturing facility is strategically positioned to address demand in the packaging and textile sectors, designed with an annual production capacity of 70,000 metric tonnes of PET resin. The project is maintaining its anticipated construction timeline, with completion projected for end of 2027. The joint venture recently announced a multi-year offtake agreement signed with Nike, which is positioned as the facility's anchor customer.

Project economics remain strong and confirm prudent capital discipline; specifically, realized savings of USD 5 million from land acquisition efforts ensure the facility is trending on budget. Further signaling strong market confidence, the debt financing process is running as per schedule, with multiple term sheets received from international lenders, representing a strong endorsement of the project's attractive economics.

Commenting on the development, Arvind Singhania, Chairman & CEO, Ester Industries , said, “Our detailed engineering partnership with Toyo marks a meaningful step forward in delivering India's first Infinite Loop facility. With the land secured and Nike confirmed as our anchor customer, the project now stands on a strong technical foundation with clear commercial visibility. Toyo brings proven engineering expertise, and together we are moving closer to building a world-class plant that can redefine PET recycling in India. This phase reinforces our commitment to driving circular economy solutions at scale.”

Onix Solar Energy has cancelled the board meeting which was scheduled to be held on 17 December 2025.

Shriram Finance will hold a meeting of the Board of Directors of the Company on 19 December 2025.

SER Industries will hold a meeting of the Board of Directors of the Company on 24 December 2025.

NCC has appointed Sumit Banerjee (DIN: 00213826) as an Additional Director in the category of Non-Executive Independent Director, to hold office for a period of 5 (five) years with effect from 01 January 2026.

Magnus Steel & Infra will hold a meeting of the Board of Directors of the Company on 22 December 2025.

Diamond Power Infrastructure has received a letter of intent from Bondada Engineering for supply of power cables worth Rs. 55.54 crore exclusive GST.