From Exide Industries investing ₹200 crore in its wholly owned subsidiary to BPCL’s plan to raise up to ₹5,000 crore through Non-Convertible Debenture…
1/7Exide Industries | The firm has invested ₹200 crore in its wholly owned subsidiary Exide Energy Solutions Ltd (EESL), stepping up funding for the greenfield multi-gigawatt lithium-ion cell manufacturing facility being developed in India. The investment was made on August 18, through subscription to 5.71 crore equity shares of EESL on a rights basis, at a face value of ₹10 per share and a premium of ₹25 per share.
2/7Balkrishna Industries Ltd | Off-highway tyres major said it has approved raising up to ₹550 crore through non-convertible debentures (NCDs) on a private placement basis.
3/7Bharat Petroleum Corporation Limited | State-owned refiner BPCL on Tuesday (August 18) said it will raise up to ₹5,000 crore through Non-Convertible Debentures (NCDs) after the company’s Board of Directors approved the fundraising proposal.
4/7Highway Infrastructure Ltd | The firm said it has secured an ₹80.17 crore toll operations contract from the National Highways Authority of India (NHAI) for Palayam Fee Plaza in Tamil Nadu.
5/7Shilpa Medicare Ltd | Drug firm said it had initiated a voluntary recall of 27,923 vials of Pemetrexed Injection 100 mg/10 mL and 500 mg/50 mL (Pemetri RTU) in the United States due to atypical discolouration of the drug product.
6/7ONGC | Oil and Natural Gas Corporation has commissioned gas evacuation facilities at Khoraghat GGS-1 in Assam’s Golaghat district, enabling surplus associated natural gas from the Upper Assam Shelf to be processed and evacuated through the North East Gas Grid (NEGG). The grid has been developed by Indradhanush Gas Grid Ltd (IGGL).
7/7Atlanta Electricals Ltd | The Gujarat-headquartered transformer manufacturer said that it has received a Letter of Intent (LOI) worth ₹193.92 crore, including GST, from Transmission Corporation of Andhra Pradesh Ltd (APTRANSCO) for the design, manufacture, testing and supply of 12 units of 160 MVA, 220/132 kV auto transformers.
