Torrent Power informed the exchanges Torrent Green Energy Pvt Ltd, subsidiary of the company, has emerged as a successful bidder for a 300 MW wind project. The project, with a tariff of ₹3.97 per unit, is to be commissioned within 24 months from the date of execution of the power purchase agreement (PPA), with an estimated investment of about ₹2,650 crore.

The board of DCM Shriram has approved a definitive agreement to acquire Hindusthan Specialty Chemicals Ltd (HSCL) for ₹375 crore, marking its strategic entry into the advanced materials segment. The acquisition of the unlisted subsidiary of Hindusthan Urban Infrastructure Ltd is subject to regulatory and customary approvals, DCM Shriram said in a statement.

Swedish luxury carmaker Volvo Cars has selected HCLTech as one of its strategic suppliers for engineering services. In a statement, HCLTech said it will cover end-to-end engineering solutions at scale, leveraging the company’s automotive Centre of Excellence in Gothenburg and its global offshore and nearshore delivery centres.

NHPC’s much-delayed 2,000 MW Subansiri hydro project along Assam-Arunachal Pradesh border has suffered “minor damages” during the recent monsoon rains though the main structure remained unaffected, the company said on Thursday. The commissioning of the Subansiri Lower Hydro Electric Project has been further delayed till May 2026 from the earlier announced 2023-24 fiscal end, which was already more than 10 years late from the original completion schedule of December 2012, the NHPC said.

Dixon Technologies (India) has executed a joint venture agreement with Signify to enable formation of a joint venture company in India to carry on the OEM business of lighting products and accessories, and is subject to completion of customary conditions precedent. The share capital of the joint venture company will be held in the proportion of 50:50 by the Company and Signify.

In a separate disclosures, Birla Cable, Vidhya Telelinks and Universal Cables said that they have received communication with respect to Implementing Regulation (EU) 2025/1135 issued by the European Commission imposing a definitive Countervailing Duty (CVD) of 5.40 per cent on imports of optical fibre cables originating in India and amending Implementing Regulation (EU) 2024/3014 imposing a definitive anti-dumping duty on imports of optical fibre cables originating in India. The anti-dumping duty which was earlier determined at 6.90 [per cemt of CIF Union border price on the exports of single mode optical fibre cables under TARIC additional code 89CF has now been reduced to 2.90 per cent based upon the representation and submissions made by them. Accordingly, the combined CVD and antidumping duty of 8.30 per cent shall be imposed on the exports of single mode optical fibre cables by the Company to European Union.

The National Company Law Tribunal, Jaipur Bench, has sanctioned the Composite Scheme of Amalgamation and Arrangement between Udaipur Cement Works Ltd, Hansdeep Industries & Trading Company Ltd and Hidrive Developers and Industries Ltd, (transferor companies) with JK Lakshmi Cement Ltd. (transferee company).

NTPC informed the exchanges that based on achievement of approved norms and due approvals, Unit-3 of 660 MW capacity of Barh Super Thermal Power Project, Stage-1 (3x660 MW) has successfully completed trial operation and consequently included in the installed capacity of the company.

ICRA has entered into a definitive agreement to acquire Fintellix for $26 million.. Fintellix, a Bengaluru based product-led company, specialising in risk, supervisory, and data analytics solutions on its proprietary data platform. Fintellix enables global financial sector entities to meet regulatory requirements while efficiently managing data and providing superior analytics.

NBCC (India) has been awarded the new work of Navodaya Vidyalaya Samiti in four states - Arunachal Pradesh, Assam, Manipur and Telengana - for ₹518.49 crore.

Eurogrip, a global two-wheeler tyre brand from TVS Srichakra Ltd, has announced its official integration into the after-sales service network of Honda Taiwan Co., Ltd. This collaboration has further strengthened EUROGRIP’s presence in Asia’s fast-evolving mobility market.

The Board of Directors of Valiant Organics has, subject to receipt of applicable statutory/regulatory permissions, approved the proposal for raising funds of upto ₹50 crore through rights Issue. The Board of Directors, by way of circular resolution dated June 12, 2025, have, considering the recent regulatory changes and other strategic business funding needs, deemed it appropriate to withdraw the Rights Issue process for the time being, to enable the Company to contemplate the most suitable and cost-efficient approach to meet its funding requirements.

Talbros Automotive Components along with its JV’s secures multi-year orders worth ₹580 crore including orders ₹160 crore for EV segment; and ₹150 crores for Exports.

Published on June 13, 2025