Coal India

The Board has approved an increase in the notified price of coal by Rs 10 per tonne (i.e., from the existing Rs 10 per tonne to Rs 20 per tonne for non-coking and Rs 10 per tonne for coking coal for regulated and non-regulated sectors across Coal India), effective April 16.

RITES

The company has mutually agreed with UP State Bridge Corporation (UPSBCL) to foreclose the agreement for consultancy services for construction supervision of civil works. Due to interpretation issues of certain provisions of the agreement, it was difficult for the company to continue with the execution of the agreement under the existing terms. In October 2024, it had received a Letter of Acceptance from UPSBCL for supervision, monitoring, quality control, and work zone safety for the construction of bridges, rail over/under bridges, flyovers, and elevated roads in several districts of Uttar Pradesh.

Zaggle Prepaid Ocean Services

The company has signed a Master Services Agreement with Truecaller International LLP, providing the Zaggle Save (employee expense management & benefits) for one year.

Syngene International

The Board approved the appointment of Peter Bains as an Additional Director, designated as Managing Director & Chief Executive Officer of the company, effective April 1, subject to the approval of the shareholders of the company.

Siemens

The National Company Law Tribunal (NCLT), Mumbai, has sanctioned the Scheme of Arrangement between Siemens and Siemens Energy India, providing for the demerger of the company's energy business to Siemens Energy India.

Tata Steel

The company acquired 1,24,90,000 equity shares worth Rs 12.49 crore in the Indian Foundation for Quality Management (IFQM). Post the acquisition, the company’s aggregate shareholding in IFQM has increased from 9.09% to 16.66%.

Pidilite Industries

The Board has approved the appointment of Sudhanshu Vats as Managing Director and the appointment of Kavinder Singh as Joint Managing Director, effective April 10.

Jana Small Finance Bank

Sudhir Madhavan has resigned from the position of Head of Microfinance and Gold Loan Business (RFS) of the bank to pursue an opportunity outside the bank, effective April 30. K S Raman (Executive Director) will take over as ED & Head of RFS of the bank, effective May 1. The successor of K S Raman as the Head of Credit will be announced in due course.

SJVN

The company's subsidiary SJVN Green Energy has completed the trial run of 241.77 MW capacity in Phase-I of the 1,000 MW Bikaner Solar Power Project on March 31. The said capacity is currently under operation and is all set to achieve COD on April 2.

Maruti Suzuki India

The country's largest car maker has announced a total production of 1,94,901 units in March, up 16.9% from the production of 1,66,730 units in the same month last year.

Power Grid Corporation of India

The Board will meet on April 4 to consider fund-raising via issuance of NCDs. Additionally, the company has been declared the successful bidder to establish an inter-state transmission system for the evacuation of power from Mahan Energen Generating Station in Madhya Pradesh under the build, own, operate, and transfer (BOOT) basis. The project comprises a 400kV D/C transmission line and associated bays at the existing Rewa PS (PG) sub-station in Madhya Pradesh.

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