NALCO has signed a mining lease deed with the District Collector, Angul, for the amalgamated Utkal-D and Utkal-E coal blocks. This move aims to enhance coal production capacity to 4.0 MTPA, boosting fuel security for the captive power plant. The lease deed is valid until April 21, 2051.
France's drug regulator, Agence Nationale de Sécurité du Médicament et des Produits de Santé (ANSM), conducted a Good Manufacturing Practices (GMP) inspection of Cenexi’s Fontenay manufacturing facility, a material subsidiary of Gland Pharma, between December 9 and 19. The inspection resulted in 10 observations. Cenexi is committed to working closely with ANSM to address these observations.
The company has received a Letter of Award from UNICEF for the supply of 115 million doses of its bivalent oral polio vaccine , valued at $14.95 million (approximately Rs 127 crore), for CY2025.
The company has received a Letter of Acceptance from the Hyderabad Metropolitan Water Supply and Sewerage Board for a project worth Rs 215.08 crore. The project involves the manning, operation, and maintenance of STPs and their connecting interception and diversion under jurisdiction for five years.
The company's subsidiary, Apollo Healthco, is acquiring the business operations, software, intellectual property, and all related assets and liabilities of Searchlight Health on a going-concern and slump-sale basis for Rs 67.5 crore.
The company’s subsidiary, Ceigall Ludhiana Bathinda Greenfield Highway, has executed a Concession Agreement with the National Highways Authority of India for a project worth Rs 981 crore. The project involves the development of a six-lane access-controlled Ludhiana-Bathinda Greenfield highway section of as part of the Ludhiana-Ajmer Economic Corridor under Bharatmala Pariyojna
The Board has approved the infusion of €39 million by Bharat Forge into its subsidiary, Bharat Forge Global Holding GmbH. The funds will be used to repay debt.
The company clarified media reports about China’s Hisense planning to buy a 26% stake in its subsidiary, stating that the business discussions are currently in the preliminary stage.
The company has entered into an Energy Supply Agreement and a Share Subscription and Shareholders Agreement to acquire a 26% equity stake in Clean Max Sapphire, a company engaged in renewable energy generation and transmission. The acquisition aims to meet UltraTech’s green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption. Additionally, UltraTech has completed the acquisition of a 32.72% stake in The India Cements, increasing its total shareholding to 55.49%, making India Cements a subsidiary of UltraTech.
The company has announced a temporary shutdown of its Goa unit for maintenance work, effective December 25.
The company has received an arbitration award directing its subsidiary, Cowtown Infotech Services, to pay Rs 40 crore (plus interest) to a vendor in relation to a terminated contract. Cowtown Infotech Services plans to challenge the award in an appropriate forum.
BPCL has emerged as the lowest bidder for a 150 MW ISTS-connected solar PV power project of NTPC. The project will be developed over two years at an estimated capital outlay of Rs 756.45 crore and is expected to generate annual revenue of approximately Rs 100 crore by producing around 400 million units of clean energy.
The company's subsidiary, Religare Broking, registered as a Depository Participant, has received approval from SEBI for changes in shareholding, control, and management.
The Board has appointed Manisha Chandalia as Chief Financial Officer (CFO) of the company, effective December 24.
The company has made an investment of Rs 22.94 crore on a rights basis in Aditya Birla Health Insurance Company. There is no change in the percentage shareholding, and Aditya Birla Health Insurance continues to be an associate of Aditya Birla Capital.
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