Quess Corp Ltd., an Indian business services provider, is joining forces with Canada-based Fairfax Financial to set up CMC Vellore Paediatric Specialty Centre with an investment of INR 300 crores. In this connection, the two firms have signed a memorandum of association (MoA) with Christian Medical College (CMC), Vellore. CMC Vellore Paediatric Specialty Centre will […]
NLC India Limited has signed a power purchase agreement (PPA) with the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) for sourcing 1.5GW power from the NLC Talabira Thermal Power Project in Jharsuguda district, Odisha. The PPA was signed in the presence of Tamil Nadu Chief Minister MK Stalin. NLC India is in the process of […]
Tata Power is joining forces with German energy company RWE to explore the possibility of joint development of offshore wind farms in India. The companies’ respective subsidiaries Tata Power Renewable Energy and RWE Renewables have signed a memorandum of understanding (MoU) in this regard. According to Tata Power, when it comes to offshore wind, India […]
City Union Bank Limited has reported a profit after tax (PAT) of INR 196.12 crores for the third quarter of the fiscal year 2022 (Q3 FY22), a 15.4% increase compared to INR 169.94 crores in the same period of the previous fiscal year. The total income in the reported period for the Indian private sector […]
Greenlam Industries, an Indian laminate manufacturer, has announced its foray into the plywood and particle board business. The company will look to make an investment of INR 950 crores over a period of two-three years in installing a third laminate plant for implementing its new business plan. Greenlam Industries’ decision to venture into the adjacent […]
GHCL Limited, an Indian chemical and textile company, has signed a memorandum of understanding (MoU) with the Tamil Nadu government for investing INR 500 crores in the state. The MoU was signed by GHCL yarn division CEO M Sivabalasubramanian and Pooja Kulkarni, who is the MD and CEO, Guidance, Industries Department, Government of Tamil Nadu, […]
Bharti Airtel said that its data center subsidiary — Nxtra by Airtel has launched a new 38MW hyperscale data center park in Chennai, its third such large facility in the Tamil Nadu capital. The Airtel data center facility was digitally unveiled by Tamil Nadu CM MK Stalin. According to Bharti Airtel, the LEED certified facility […]
MM Forgings Ltd (MMF), an iron and steel forgings manufacturer, has acquired CAFOMA Autoparts, a supplier of machined crankshafts for the tractor and industrial segments, for INR 28 crores in cash and INR 5 crores of debt. Based In Ranipet, Tamil Nadu, CAFOMA Autoparts has a capacity to make 15,000 crankshafts every month. Presently, the […]
Chennai Petroleum Corporation Limited (CPCL or CHENNPETRO) has awarded a contract to McDermott pertaining to the $4.3 billion Cauvery Basin Refinery Project in Nagapattinam, Tamil Nadu. The contract is for providing project management consultancy (PMC) and engineering, procurement and construction management (EPCM) consultancy services for Package 2 of the refinery project in India. It marks […]
Bharat Heavy Electricals Limited (BHEL) said that it has installed the Raigarh-Pugalur transmission line, an 800kV 6GW ultra high voltage direct current (UHVDC) link between the Western Region Grid in Raigarh, Chhattisgarh and the Southern Region Grid in Pugalur, Tamil Nadu. According to the Indian state-owned engineering services provider, the power transmission line will bring […]