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Zen Technologies Limited said it has been awarded an order valued at approximately Rs 152 crore (inclusive of taxes) by the Ministry of Defence. The order is for the supply of Zen’s state-of-the-art Integrated Air Defence Combat Simulator (IADCS) for the L70 Gun. CG Power and Industrial Solutions, a leader in the electrical engineering industry, has launched ‘Fluxtron’ an advanced, high-efficiency medium voltage induction industrial motor.
Fluxtron range of motors set new industry benchmarks in reliability, energy efficiency and durability. The motors empower businesses to cut their carbon footprint while boosting productivity. Eight entities, including ICICI Prudential Mutual Fund (MF), Morgan Stanley and Societe Generale, on Thursday collectively bought a 1.
6 per cent stake in Max Financial Services for ₹611.60 crore through open market transactions. DSP MF, Kotak Mahindra Life Insurance, Copthall Mauritius Investment, and Oxbow Master Fund were also among the entities who picked up 55 lakh shares or 1.
59 per cent stake in Max Financial Services, as per the block deal data on the NSE. The shares were picked up by these eight entities at an average price of ₹1,112 apiece, taking the aggregate transaction value to ₹611.60 crore.
Meanwhile, Max Financial Services’ promoter entity, Max Ventures Investment Holdings, offloaded the same number of shares at the same price on the National Stock Exchange (NSE). Adani Energy Solution Ltd, the electricity transmission unit of the billionaire Gautam Adani-run conglomerate, on Thursday announced the acquisition of intra-state transmission project Mahan Transmission Ltd. In a stock exchange filing, the company said it has “executed Share Purchase Agreement (SPA) with REC Power Development and Consultancy Limited (RECPDCL) for acquiring 100 per cent equity shares of Mahan Transmission Limited (MTL)“.
MTL is a ₹2,200-crore intra-state transmission project. Leading contract manufacturer Dixon Technologies signed an agreement with Signify to form a 50:50 JV for manufacturing lighting products and accessories. “Dixon Technologies (India) has entered into a binding term sheet with Signify Innovations India to form a joint venture for carrying out the OEM (original equipment manufacturer) business of lighting products and accessories, subject to signing of definitive agreements, receipt of applicable statutory approvals and completion of customary conditions precedent,” Dixon said in an exchange filing.
The Ministry of Defence on Thursday signed a deal with Force Motors Ltd & Mahindra & Mahindra Ltd for around 5,000 light vehicles for the armed forces at a total cost of around ₹700 crore. Punjab & Sind Bank announced the closing of its Qualified Institutions Placement on March 27. It raised ₹1,219.
39 crore through the issue by allotting 31.77 crore shares to eligible qualified institutional buyers at Zaggle Prepaid Solutions informed the exchanges that it has acquired a 45.3% stake in point of sales (PoS) software company Effiasoft for ₹36.
7 crore, Besides, its board passed a resolution to increase its shareholding in Effiasoft by another 5.67 per cent through either a cash or share swap, which will be decided at a later date for ₹4.59 crore.
Sandhar Technologies has executed a Share Purchase Agreement with South Korea-based Jinyoung Electro-Mechanics Co. for the sale of its entire stake in the joint venture, Jinyoung Sandhar Mechatronics (JSM). The decision to exit the joint venture, which the company formed in 2017, aligns with the company’s strategic objective of streamlining its business operations and concentrating on its core competencies, it said in an exchange notice.
Jio Financial Services informed the exchanges that it has subscribed to 8.5 crore equity shares of Jio Payments Bank for ₹85 crore. Post this investment, the company’s stake in Jio Payments Bank will increase from 82.
17% to 85.04%. Separately, the company has also acquired 1.
73 crore shares of its subsidiary Jio Finance for ₹1,000.24 crore. CESC The Uttar Pradesh Electricity Regulatory Commission has approved the Power Purchase Agreement between Dhariwal Infrastructure and Noida Power Company, subsidiaries of CESC, for the supply of power with a contracted capacity of 25 Megawatt for three years, effective April 1.
Servotech Renewable Power System has said that it has been granted a patent by the Indian Patent Office for its proprietary innovation - System and Method for Peak Shaving. The patent is effective for a period of 20 years from its original filing date. Flex America, S.
A. de C.V.
, Mexico, a step-down subsidiary of Uflex, has commenced the commercial operation of its new cast polypropylene (CPP) films production line, with an installed capacity of 18,000 MTPA. Zensar Technologies has informed that it has been selected by Tesco Insurance and Money Services (Tesco IMS), a UK-based insurance company, for digital transformation agenda. Zensar will modernise Tesco IMS’s end-to-end infrastructure, network and application hosting services and contact centre.
The company will also partner with Tesco IMS to facilitate, build, and achieve technology carve-out from Tesco Bank, following the sale of Tesco Bank’s banking operations to Barclays UK. Adani Green Energy Ltd (AGEL) on Thursday said its renewable energy generation capacity has increased to 13,487.8 MW with commissioning of new capacities.
In a filing, AGEL said it has operationalised an aggregate 396.7 MW power projects at Khavda in Gujarat through its wholly-owned step down subsidiaries. With commissioning of these projects, its total operational renewable generation capacity has increased to 13,487.
8 MW, AGEL said. BEML Ltd has secured a significant contract from Bengaluru Metro Rail Corporation Limited (BMRCL). The contract involves the design, manufacture, supply, installation, testing, and commissioning of standard gauge metro cars, along with personnel training and comprehensive maintenance for up to 15 years.
Bharat Electronics Ltd (BEL) has secured additional orders worth ₹1,385 crore since the last disclosure on March 12, 2025, according to a stock exchange filing. These orders cover radar spares, radar upgradation, electronic voting machines, simulators, advanced land navigation systems, stabilisers for tanks, fire control systems for ship-based decoys, and communication equipment, among others. Asian Paints Ltd.
’s subsidiary, Asian Paints (Polymers) Pvt., plans to set up a chemical manufacturing facility in Dahej, Gujarat, at a cost of ₹3,250 crore, as per an exchange filing on Thursday. The facility, originally estimated to cost ₹2,560 crore, will manufacture Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM) while also housing an ethylene storage and handling unit.
Coforge Ltd, a digital services and solutions provider, has enhanced its collaboration with Microsoft to bring AI-integrated developer productivity solutions to its engineering services including legacy application modernisation and for new code development for clients. Under this association, Coforge has trained over 10,000-plus developers on GitHub Copilot, built AI tools leveraging GitHub Copilot to forward engineer legacy applications to modern technology codes and engaged with clients in the use of GitHub Copilot in different development ecosystems across industries. “Coforge enhances collaboration with Microsoft to boost developer productivity,” the company said in a release.
Jindal Steel & Power (JSPL) has won the Saradhapur Jalatap East coal block in the latest commercial coal auctions conducted by the Ministry of Coal. The mine, which holds an estimated 3,257 million tonnes of coal, is located just 11 km from JSPL’s Angul steel plant, making it a strategic addition to the company’s resource base. UltraTech Cement, an Aditya Birla Group company, has commissioned two cement mills — one with a capacity of 3.
35 mtpa and the other with a capacity of 2.7 mtpa — at its existing plant at Maihar in Madhya Pradesh. The second grinding mill is expected to be commissioned in the June quarter.
The company has completed the brownfield expansion of a grinding unit at Dhule in Maharashtra with a capacity of 1.2 mtpa. It has also commissioned the brownfield expansion of a grinding unit of 0.
60 mtpa at Durgapur in West Bengal. HCL Technologies Ltd (HCLTech) has been awarded as a Design Solution Partner (DSP) in Samsung Advanced Foundry Ecosystem (SAFE), the announcement dated March 27. This partnership is dedicated to accelerating semiconductor innovation leveraging HCLTech’s engineering and R&D services capabilities.
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