Polaris

The divestiture comes at a time when Polaris is looking to streamline operations as it grapples with weak consumer demand and tariffs

Polaris Dawn is hoping to launch on August 26. The spacecraft will orbit the Earth at around 435 miles (700 kilometres), taking the crew farther from Earth than any mission since the Apollo era

Polaris Smart Metering on Monday said it has secured two smart meter projects totalling Rs 5,200 crore in Uttar Pradesh. "Madhyanchal Vidyut Vitran Nigam Limited (MVVNL) has awarded the contracts for installing over 5.1 million smart meters in the important clusters of Lucknow and Ayodhya/Devipatan, which the company plans to install over the next 27 months," Polaris Smart Metering said in a statement. As per the agreement, Polaris Smart Metering will supply, commission, install and maintain smart meters for consumers and system metering across the consumer base in these clusters for the next 10 years, it said. These smart meters will be equipped with state-of-the-art technology, enabling prepaid billing, real-time energy monitoring, accurate metering, and improved grid management capabilities. This contract comes under a Design-Build-Finance-Operate-Own-Transfer (DBFOOT) agreement. Meanwhile, Polaris has also received Letter of Awards (LOAs) from West Bengal and Manipur worth over

Funds raised will primarily be used to acquire, execute and finance large smart metering contracts across India

Company now gets around 60% of its unit sales in country from off-road vehicles

The combination is expected to help Virtusa provide end-to-end global banking and financial services