Andhra Cements
Andhra Cements has commenced clinkerisation process at the company's plant located at Durga Cement Works, Dachepalli Mandal, Palnadu District, Andhra Pradesh.
CG Power & Indu.
CG Power & Industrial Solutions announced that its step down subsidiary - CG Power Solutions UK, United Kingdom (PSOL UK) has been dissolved with effect from 02 June 2023.
Greaves Cotton
Greaves Finance, a non-banking financial company (NBFC) and a
wholly owned subsidiary of Greaves Cotton, has introduced a groundbreaking financial platform called "evfin". This platform aims to revolutionise the world of electric vehicle (EV) financing and more. This suite ensures a superior EV journey throughout the ownership lifecycle, providing accessible and cost-effective financing options.
H D F C
Housing Development Finance Corporation has allotted 24,800 equity shares of Rs. 2 each of the Corporation pursuant to exercise of warrants by warrant holders of the Corporation, in terms of the placement document dated 10 August 2020.
Post the above allotment, the paid-up share capital of the Corporation is Rs. 368,93,33,292 consisting of 184,46,66,646 equity shares of Rs. 2 each.
Tata Power Co.
Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power
Company and one of the major renewable energy players in the country, has commissioned a 110 MW solar power project in Bikaner, Rajasthan.
The project will supply 110 MW of green power to the Kerala
State Electricity Board.
The project is expected to generate approximately 211 MUs (million units) and reduce a 2,58,257 MT (metric tonne) carbon footprint annually.
The project has used 2,59,272 mono bifacial PERC half-cell modules. In spite of the various challenges such as tough land topography, extreme weather conditions, temperatures touching 50+ degrees, the coldest of
winters and sandstorms, along with adverse geopolitical challenges, the project was completed within a stipulated period of 7 months.
This project is one of the fastest commissioned projects in Rajasthan, backed by a skilled team, cutting-edge technology, and experienced leadership.
With this installation, the total renewables capacity of TPREL reaches 6,788 MW with an installed capacity of 4047MW (Solar - 3,106 MW & Wind - 941 MW) and 2,741 MW under various stages of implementation.
Kanoria Chem.
Kanoria Chemicals & Industries announced that Care Ratings has revised the rating for the long-term bank facilities of the Company as CARE BBB+; Stable (Triple B Plus; Outlook:Stable) from the existing rating of CARE A-; Stable (Single A Minus; Outlook: Stable) and rating for the short-term bank facilities as CARE A2 (A Two) from the existing rating of CARE A2+ (A Two Plus) on account of moderation in the financial performance in Q4FY23 leading to lower than expected full year FY23 performance.
Dr Reddy's Labs
Dr. Reddy's Laboratories announced that its tocilizumab biosimilar candidate, DRL_TC, successfully met its primary and secondary endpoints in a Phase I study. This Phase I study used an intravenous (IV) formulation to evaluate the pharmacokinetic equivalence, safety and immunogenicity of Dr. Reddy's tocilizumab biosimilar candidate in comparison to reference products.
The successful outcome of this study represents an important milestone in Dr. Reddy's commitment to make highquality biosimilar products more accessible and affordable to healthcare providers and patients around the world.
Dr. Reddy's is developing the proposed tocilizumab biosimilar as both intravenous and subcutaneous formulations.
Hindustan Foods
Hindustan Foods has received an approval from National Stock Exchange of India (NSE) for listing of Company's 11,27,42,690 equity shares
on the Main Board of NSE. Accordingly, the equity shares
of the Company will be traded on NSE as well with effect from the trading hours of 06 June 2023 and the designated symbol shall be "HNDFDS".
Usha Martin
Usha Martin announced that Dhrub Jyoti Basu (DIN:02498037) ceased to be a Whole-Time Director (WTD) of the Company upon completion of his tenure as WTD from the close of business hours of 5 June 2023. Accordingly, he ceases to be a Member of the Board.
Patel Engineerin
Patel Engineering has been awarded the Letter of Acceptance (LOA)
from City and Industrial Development Corporation (CIDCO) for the construction of a 6.70 km long treated water tunnel and associated works from Sai Village to Vindhane Village in Raigad District, Maharashtra. The water tunnel project worth Rs. 519.50 crore is going to be executed without any joint venture partnership.
