Hindustan Aeronautics Limited (HAL) said that its INR 208 crores integrated cryogenic engine manufacturing facility in Bengaluru will be inaugurated today by Indian President Droupadi Murmu. The cryogenic engine manufacturing plant will serve the entire rocket engine manufacturing operations of Hindustan Aeronautics Limited under one roof for the Indian Space Research Organisation (ISRO). It will […]
Exide Industries Limited said that its fully-owned subsidiary Exide Energy Solutions Limited (EESL) is procuring a land parcel in Bengaluru for setting up a greenfield multi-gigawatt Li-ion battery cell manufacturing facility. According to the Indian storage battery manufacturing company, Exide Energy Solutions signed a lease cum sale agreement with Karnataka Industrial Areas Development Board (KIADB) […]
Happiest Minds Technologies, an Indian digital transformation and IT services company, said that it has acquired a commercial property in Bengaluru for INR 101 crores. The Grade A, fully built up ready to use property has a built area of 240,000sft. The acquired facility of Happiest Minds Technologies has a seating capacity of 1,600 seats, […]
Torrent Power has been issued a letter of award from the Solar Energy Corporation of India Limited (SECI) for executing a 300MW wind farm in Karnataka, which will involve an investment of INR 2,600 crores. The award was won through a competitive bidding process. According to Torrent Power, the Karnataka wind farm is expected to […]
Tata Power said that its fully-owned subsidiary TP Saurya Limited (TPSL) will build a 600MW hybrid power project in Karnataka. TP Saurya Limited has been issued a letter of award (LoA) from Solar Energy Corporation of India (SECI) in this regard for the wind and solar power project. According to Tata Power, the hybrid power […]
Kirloskar Ferrous Industries Limited said that it has completed the upgradation of the Mini Blast Furnace II (MBF-II) at its Koppal factory in Karnataka. Subsequently, the Indian castings and pig iron manufacturer has resumed the operations of MBF-11 today. Following the upgrade of MBF-11, the manufacturing capacity of pig iron with regard to the furnace […]
Infosys, through its philanthropic and CSR arm — Infosys Foundation, has launched ‘Lab Built on Wheels’ for providing mobile medical services in Karnataka. With the help of four mobile laboratories, Infosys Foundation aims to deliver affordable diagnostic solutions and control the spread of communicable diseases mainly among the rural population of the south Indian state. […]
Indian conglomerate Larsen & Toubro (L&T) said that its construction arm has won orders for its multiple businesses, worth in the range of INR 1,000 to 2,500 crores. Larsen & Toubro’s water and effluent treatment business has won a contract from the Rural Drinking Water & Sanitation Division, Karnataka. The contract is for constructing drinking […]
Karnataka Bank Ltd, an Indian private banking company, has opened a digi centre at Manngaudda, Mangaluru. The digi centre is said to provide multiple services such as the opening of savings bank accounts, cash withdrawal, issuance of debit cards, cash deposit, and in-principle sanction of retail loans via digital mode/channels in a paperless, safe and […]
Bharti Airtel has agreed to acquire a stake of 11.3% in Avaada KNShorapur, a special purpose vehicle created for owning and operating a captive power plant in Karnataka. The consideration for the acquisition is INR 2.8 crores in cash. Bharti Airtel’s acquisition of the stake in Avaada KNShorapur is in terms of the regulatory requirement […]