Adani Enterprises Limited said that AdaniConnex, its joint venture with EdgeConnex Europe BV, has incorporated a fully-owned subsidiary called Pune Data Center Limited (PDCL). Pune Data Center Limited will be engaged in developing, operating, maintaining, and dealing with data centers, information technology (IT), information technology enabled services (ITES), and cloud. The new company will offer […]
The Phoenix Mills Limited (PML), a retail-led mixed-use developer, has awarded a contract to ReNew Power for the installation of nearly 5MW of solar power capacity to power its Phoenix Marketcity Pune and Phoenix Marketcity Mumbai shopping malls. The contract with the renewable energy developer will be for a period of 25 years and is […]
Indian IT company Infosys is partnering with oil and gas giant BP to develop and trial an energy as a service (EaaS) solution aimed at enabling businesses to enhance the energy efficiency of infrastructure, and help achieve their decarbonization targets. The partners will look to develop a digital platform for gathering data from various energy […]
KPIT Technologies, a Pune-based software company, said that it plans to make considerable investments towards software-defined vehicle solutions with a particular focus on middleware solutions. The company said that the objective of the investments will be to help expedite the transformation of its clients to software-defined vehicles across passenger as well as commercial vehicle segments. […]
Bharat Forge said that its aerospace unit has secured the National Aerospace and Defense Contractors Accreditation Program (Nadcap) accreditation for metallic materials manufacturing. The Nadcap program aims to evaluate process capability for compliance to industry standards and customer needs. By getting the Nadcap accreditation, Bharat Forge said that it has shown compliance and set higher […]
Biocon has agreed to divest a stake of around 15% in its subsidiary — Biocon Biologics Limited (BBL) to Serum Institute Life Sciences Private Limited (SILS) at an enterprise value of around $4.9 billion. Serum Institute Life Sciences is a subsidiary of Serum Institute of India. The deal gives Biocon Biologics access to 100 million […]
Sany India, a construction equipment company, has opened a new paint shop at its manufacturing plant at Chakan in Pune district, Maharashtra. According to the company, the new paint shop building spans 4,504.96 sq meters. It features a fully autonomous system, which is claimed to paint 11 excavators and a truck crane in one shift […]
Crest Ventures Limited, a Mumbai-based non-banking finance company, said that it will acquire a stake of 5.12% in Vascon Engineers Limited for nearly INR 250 million ($3.36 million). Vascon Engineers, which is based in Pune is a construction engineering company. It is engaged in real estate development, which includes owning and operating projects with a […]
Titagarh Wagons, an India-based railway wagon manufacturer, has flagged off its first train manufactured for Pune Metro (Maharashtra Metro Rail Cooperation) through a virtual ceremony. The company and its subsidiary — Titagarh Firema were awarded a contract worth around INR 1,100 crores from Maharashtra Metro Rail Cooperation (Maha Metro) for supplying Pune Metro with 34 […]
Kolte-Patil Developers, a Pune-based real estate developer, said that it has created a residential development platform with proptech company Planet Smart City for developing 15,000 housing units. The parties will mainly focus on developing smart aspirational housing projects in Pune, Bengaluru, and Mumbai. Kolte-Patil Developers and Planet Smart City had previously co-developed Universe at Life […]