Mangalore Refinery and Petrochemicals Limited (MRPL) has registered profit after tax (PAT) of around INR 969 crores for the third quarter of the fiscal year 2022 (Q3 FY22), compared to a loss after tax of INR 76 crores in the same quarter of the previous fiscal year. The subsidiary company of ONGC said that its […]
Fluence, a US-based energy storage technology and services provider, is joining forces with Indian renewable energy company ReNew Power to establish a joint venture (JV) to boost the energy storage sector in India. The 50:50 JV will serve a market estimated to reach 27GW/108GWh by the end of this decade, as per India’s Central Electricity […]
Cipla Limited said that it has acquired a stake of up to 33% in Clean Max Auriga Power LLP, a special purpose vehicle (SPV) focused on production, supply, and distribution of solar and wind or other renewable energy generation. According to the Indian pharma company, the transaction aligns with its commitment to boost the share […]
Infosys said that its philanthropic and CSR division — Infosys Foundation has inaugurated three infrastructure development projects across Mysuru in Karnataka. According to the Indian IT company, the CSR unit had helped in the rejuvenation of the Hebbal Lake and Sewage Treatment Plant construction with INR 107 crores. The other project is helping Mysuru in […]
Infosys said that its philanthropic and CSR arm — Infosys Foundation has opened a 350-bed ‘Infosys Foundation Block’ at Jayadeva Hospital in Bengaluru. The block was built by Infosys Foundation at a cost of INR 103 crores in an effort to help Jayadeva Hospital in its bid to offer quality cardiac care at reasonable costs. […]
Linde India Limited said that its joint venture (JV) company — Bellary Oxygen Company has accepted the offer of JSW Steel for the purchase of its 855 tonnes per day air separation unit and other associated assets in Karnataka. Considering the expiry of the gas supply contract with JSW Steel on 14 November 2021, Bellary […]
Azure Power said that it has secured a letter of award (LOA) for a 120MW ISTS wind farm in Karnataka from Solar Energy Corporation of India (SECI). The Indian renewable power producer, which is listed on the New York Stock Exchange (NYSE) as AZRE, will supply power from the wind farm to SECI for 25 […]
RattanIndia Enterprises said that its subsidiary Revolt Motors (Revolt Intellicorp), a manufacturer of electric motorcycles, has opened its dealership in Bengaluru. The showroom was inaugurated by Revolt Motors CEO Jenender Anand. RattanIndia Enterprises claimed that Revolt Motors is seeing strong demand for its electric bikes during the ongoing festive season, especially due to the rising […]
Karnataka Bank has broken ground on its proposed centenary building to be built near its existing head office premises at Mahaveera Circle in Mangaluru, Karnataka. Founded in 1924, Karnataka Bank will be celebrating its Centenary Year during the 2023-2024 financial year. Karnataka Bank chairman P Jayarama Bhat and its MD and CEO — Mahabaleshwara MS […]
Revolt Motors (Revolt Intellicorp), an Indian electric motorcycles manufacturer backed by RattanIndia Enterprises, will expand its dealer network ahead of the upcoming season. The next-gen mobility company will launch new dealerships in Bengaluru, Jaipur, and Surat on the 18th, 25th, and 28th of October, respectively. Following the opening of the new dealerships, Revolt Motors will […]