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RBL Bank has committed to servicing the existing portfolio of approximately 3.4 million co-branded cards, ensuring uninterrupted customer support and satisfaction across its service channels.
The acquisition enhances Hinduja Tech’s footprint in the European market, bringing together TECOSIM’s expertise in virtual validation and body engineering with Hinduja Tech’s advanced technology solutions.
This expansion marks a significant milestone in PCBL's growth strategy, with the combined manufacturing capacity of the company now reaching 7,90,000 MTPA across its facilities.
With a strong focus on high-quality rice exports, the subsidiary aims to generate Rs. 2,000 million in annual revenue.
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.
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.
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.
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.
Tata Power has been a key player in Bhutan’s energy sector since 2008 when it helped develop the 126 MW Dagachhu Hydropower Plant—the first public-private partnership in Bhutan’s hydropower sector.
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