Page 877 - Company News

Waaree Energies bags 220 MW solar module supply order from Sprng Energy

It will supply the modules for Sprng Energy's upcoming project in Gujarat, Waaree Energies said in a statement

HAL posts double-digit growth with record revenues of Rs 29,810 cr for FY24

The company signed an export contract with Guyana Defence Forces for supply of two Hindustan228 aircrafts which were delivered within a month of singing the contract

Despite the challenges, credit quality of India Inc improves in FY24: ICRA

According to the agency, the Credit Ratio in FY24 stood at 2.1 times, with the rating agency upgrading two entities for every entity downgraded, continuing the trend from the last two financial years

NTPC adds nearly 4GW capacity in FY24; total installed capacity at 76GW

With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation

Ambani-Adani collaboration: RIL picks 26% stake in Adani Power project

'This development brings between two corporates an exclusive arrangement for 500 MW of power purchase by Reliance Industries on a long-term basis.'

Tata International appoints Rajeev Singhal as its managing director

"We are confident that under his leadership, Tata International will scale to greater heights into its next phase of growth," said Noel N Tata, Chairman of Tata International

Toyota Kirloskar sees highest-ever monthly sales at 27,180 units in March

For the 2023-24 fiscal the company reported the highest-ever wholesales of 2,63,512 units, an increase of 48 per cent as against 1,77,683 units in 2022-23

Aurobindo Pharma commissions 4 plants in Andhra including Pen-G facility

The Rs 2,400 crore Pen-G plant is expected to start trial production in April and commercial production in a couple of months and the ramping up of the production will happen during the second quarter

Coal India likely to report production of around 773.7 MT in FY24

Coal offtake is expected to stay restricted to 753 million tonnes, nearly 90 per cent of the target of 780 million tonnes, company sources said

Paytm employees stare at 'voluntary resignations', firm denies layoff buzz

Paytm said the company is undergoing a routine appraisal process involving performance assessments which may lead to 'role adjustments'

HDFC Bank proposes to sell 100% stake in its subsidiary HDFC Education

The transaction will be undertaken through the Swiss challenge method, HDFC Bank said in a regulatory filing on Saturday

Full throttle ahead: FY24 roars to 4.23 mn PV sales, 4.15 mn in retail

Overall automobile registrations rose 10% in FY23; Hybrids caught up with EVs in FY23; Consumer preference for cleaner fuels grew

Royal Orchid Hotels to add up to 35 properties with 2,000 rooms in FY25

The company, which operates hospitality properties under the Royal Orchid and Regenta brands, is also looking to expand its wedding destination portfolio by adding four to five locations every year

Clear skies ahead: IndiGo sets the course for strong growth altitudes

Airline maps out its FY25 route, powered by double-digit pax growth, 11-13% year-on-year capacity boost, and expansion into 10 new destinations

Infosys to receive Rs 6,329 crore tax refund from I-T department

It also informed the stock exchanges about tax demand to the tune of Rs 2,763 crore, citing various assessment orders

NTPC records highest-ever power generation of 422 bn units in FY24

During 2023-24, the NTPC coal stations recorded a plant load factor (PLF, or capacity utilisation) of 77 per cent, NTPC said in a statement

Torrent Group's Mehta family pledges Rs 5,000 crore for social causes

The donation, spanning five years, will be directed to the UNM Foundation, focusing on healthcare, education, ecology, and social well-being initiatives

Hindustan Construction Company divests entire equity shareholding in HREL

The consideration received from sale stood at Rs 10 lakh. HCC had reported a consolidated profit of Rs 233.22 crore in the December quarter

Airtel arm Telesonic Networks penalised for irregularity in claiming ITC

According to the filing, the penalty has been levied for "alleged irregular input tax credit claimed during the financial year 2018-19" on the company's subsidiary Telesonic Networks

Torrent Group's Mehta family pledges Rs 5,000 cr to UNM Foundation

Torrent Group celebrated the birth centenary of its founder late Uttambhai Nathalal Mehta (January 14, 1924 to March 31, 1998)