Maire announced the inauguration of a new Tecnimont Private Limited (TCMPL) office in Airoli, Navi Mumbai. This facility is the company’s sixth office in the Mumbai Metropolitan Region and its seventh in India. The office, located in the Gigaplex Tower in Airoli’s Mindspace area, accommodates 700 people. According to the company, its location aims to […]
Exide Industries has invested ₹99.99 crore in its wholly-owned subsidiary, Exide Energy Solutions (EESL), through a rights issue, bringing its total investment in the company to ₹3,052.24 crore. The investment retains Exide’s 100% ownership of EESL and supports the subsidiary’s ongoing projects, including a greenfield manufacturing facility in Bengaluru. Established in March 2022, EESL focuses […]
Gujarat Toolroom Ltd has successfully executed an order valued at ₹310 million for Reliance Industries Ltd. This order, part of Reliance’s oil and gas division operations, included the design, manufacturing, and delivery of specialized equipment. This latest development brings Gujarat Toolroom’s completed orders for Reliance Industries to ₹600 million in the current financial year. The […]
B.C. Power Controls Limited has announced the incorporation of its wholly owned subsidiary, Proxima Industries Private Limited. Established on November 22, 2024, Proxima Industries is based in Delhi and will operate in the construction and trading sectors, including metals and other goods. The subsidiary has an authorized and paid-up capital of ₹10 lakh, consisting of […]
RSB Group, an Indian automotive component manufacturer, has outlined ambitious growth plans as it celebrates its 50th anniversary. The company aims to achieve ₹10,000 crore in revenue within the next three to four years, supported by a recent partnership with Bain Capital and a planned initial public offering (IPO). Founded in 1974 with an investment […]
Kranti Industries Limited has announced the receipt of a business nomination letter and purchase order valued at ₹83.12 lakh from CNH Industrial (India) Private Limited. The order encompasses the development and supply of three product assemblies—Knife, Arm HD, Frame Knotter Assembly, and Latch Assembly—as part of CNH’s Agri Implements project. The project involves Kranti’s subsidiary, […]
Mahindra & Mahindra Limited has announced its financial results for the second quarter (Q2) and the half-year ending September 30, 2024. The company reported a consolidated profit after tax (PAT) of ₹3,171 crore for Q2, reflecting a 35% year-over-year increase from ₹2,348 crore in Q2 of the previous year. Consolidated revenue for the quarter rose […]
Gujarat Toolroom Limited has raised ₹50 crores through a Qualified Institutional Placement (QIP), issuing 43,478,260 equity shares at ₹11.50 per share, including a premium of ₹10.50 per share. This capital raise marks an increase in the company’s paid-up equity capital from ₹11.66 crores to ₹16.01 crores, following the allotment of shares to institutional investors. The […]
AJAX Engineering Ltd. has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company plans to offer up to 2.28 crore equity shares, each with a face value of Re 1. The IPO will consist solely of an offer for sale (OFS) […]
