Adani Power
Adani Power, a leading energy company, announced on June 27 achieves full-scale operations for the second unit of its ultra-supercritical thermal power plant (USCTPP) in Godda district, Jharkhand. This milestone achievement marks the completion of the Godda USCTPP, boasting a total capacity of 1,600 MW across two 800 MW units. As per contractual agreements, the electricity generated from the plant is being supplied to Bangladesh.
RailTel
RailTel Corporation of India Ltd, a public sector enterprise under the Ministry of Railways, has successfully won a significant order worth Rs 294.37 crore (including taxes) from the Tamil Nadu State Marketing Corporation Limited (TASMAC).
Wipro
Wipro, the renowned IT company, has announced an extension of the closing date for its ₹12,000 crore buyback offer due to a shift in the public holiday schedule for Bakra Eid. The buyback, which opened on June 22, will now conclude on June 30 instead of the previously planned date of June 29.
Amara Raja Infra
Amara Raja Infra Pvt Ltd (ARIPL), a subsidiary of the esteemed Amara Raja Group valued at $1.75 billion, has achieved a significant milestone by securing a lucrative solar project worth $130 million in Bangladesh. In a recent press release, Amara Raja announced that this venture serves as ARIPL’s debut in the international solar market, signifying a remarkable achievement for the company.
IDFC First Bank
IDFC First Bank, one of India’s prominent private lenders, recently announced its successful raising of ₹1,500 crore through tier-2 bonds in the Indian bond market. The bank revealed this development to the Indian stock market exchanges, highlighting that the privately placed bonds are unsecured, subordinated, and listed on the NSE E-bidding platform. These bonds, issued as fully paid-up, taxable, non-convertible debentures, comply with Basel III regulations and hold a face value of ₹1 crore each.
Sonata Software
Sonata Software, an esteemed provider of information technology services, has announced an extension of its long-standing partnership with TUI Group, the renowned German leisure, travel, and tourism company. In an official exchange filing on June 27, Sonata Software revealed their collaborative efforts to establish a “digital hub” in India, aiming to enhance their ability to deliver exceptional digital products and customer experiences.
HDFC Life Insurance Company
Housing Development Finance Corporation (HDFC), the promoter, has purchased 1.49 crore equity shares or 0.69% of the life insurance company through open market transactions. The shares were acquired at an average price of Rs 667.1 per share, resulting in a total transaction value of Rs 992.64 crore.
Titagarh Rail systems
Titagarh Railsystems Ltd announced on Tuesday that it has been granted a Letter of Acceptance (LOA) by the Gujarat Metro Rail Corporation (GMRC) Limited. The LOA is for the purpose of designing and producing 72 standard gauge cars for the Surat Metro Rail project. The total value of the order amounts to approximately ₹857 crore. According to the company’s statement to the stock exchanges, the contract execution will commence 76 weeks after the contract signing and is expected to be finished within 132 weeks thereafter.
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