This acquisition aligns with Lumax Auto Technologies’ strategic objective to expand its footprint in the renewable energy sector, particularly in the area of sustainable energy solutions.
This project is part of the larger Harbour Line Extension (MUTP 3A) initiative aimed at improving the overall railway infrastructure in Mumbai, which will benefit thousands of commuters every day.
The first contract, awarded by BPCL, involves the supply of 12,500 metric tons (MT) of VG 30 grade bitumen, with an approximate contract value of INR 55.00 crores.
The project will involve Wipro FullStride Cloud migrating Marelli’s Milan Data Centre, along with its local server rooms, to the cloud. The move aims to centralize Marelli’s operations, creating a more agile, flexible, and stable ecosystem.
As part of the incorporation, IGL will subscribe to 10,000 equity shares of IGL Spirits, at a face value of ₹10 each, for a total amount of ₹1,00,000. The new subsidiary will initially be capitalized with a paid-up capital of ₹1,00,000 and an authorized capital of ₹5,00,000.
The project involves the doubling of the track between Parbhani and Parli stations, spanning 58.06 km in Maharashtra, excluding Gangakhed Yard (6.775 km). In addition to the track doubling, the project will also include electrification and signaling works.
Starting at just ₹39,999, the new models cater to a broad spectrum of users, from gig workers and students to business owners and elderly riders. Reservations are open for ₹499, with deliveries slated for April and May 2025.
This acquisition will allow Dhanuka to manufacture and sell Iprovalicarb and Triadimenol, including their associated brand Melody, across global markets.
The company plans to invest SAR 185 million over the next five years in warehousing, stocking, and human resources, with an expected revenue target of SAR 435 million during the same period.
The project involves the development of a 765/400 kV substation at a strategic location near Ghiror in the Mainpuri district of Uttar Pradesh.
The ±800 kV, 6,000 MW bi-pole and bi-directional HVDC link will span over 1,200 kilometers and is part of India’s ambitious renewable energy plans, as it feeds into the 500 GW renewable evacuation and interstate transmission system.
Omkar, who has been with Wipro since 2012, is well-regarded for his leadership in driving digital transformation for clients, particularly in the banking sector across EMEA (Europe, the Middle East, and Africa).
The shares, with a face value of INR 2 each, will be offered at a floor price of INR 1,550 per share.
As per the agreement, delivery will be considered complete once the materials arrive at the site, as certified by site store owners or engineers. A penalty clause of 0.5% per week applies to any delays, capped at 5% of the undelivered portion.
The company confirmed that the supply of solar modules and cells is scheduled to commence in January 2025. The nature of these orders is one-time, and all customers are domestic entities.
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