GAIL (India) Limited, has invited an Expression of Interest (EOI) for acquiring up to 26% stake in a US LNG (liquefied natural gas) project and a 15-year gas sourcing contract. Gail issued a tender on Friday asking for offers on a stake in a project that would be commissioned by 2030 at the latest. The company also wants to buy 1 mpta of LNG from a US liquefaction plant on a free-on-board basis over a firm 15-year period with the option to extend this by five or 10 years.
HomeFirst Finance, a technology-driven affordable housing finance company, announced recently the successful completion of QIP, garnering strong participation from leading global and domestic institutional investors. The transaction underscores investor confidence in HFFC’s robust growth trajectory, and commitment to empower affordable homeownership in India. The Board has approved the allotment of 1.28 crore Equity Shares to qualified institutional buyers (QIBs) at ₹970 per share (, raising ₹1,249.99 crore. The shares were issued at a discount of ₹49.25 per share (4.83%) to the SEBI-determined floor price of ₹1,019.25. The institutional placement, which opened on April 8 and closed on April 11 saw strong demand, increasing the company’s paid-up equity share capital from ₹18.01 crore to ₹20.59 crore.
Transrail Lighting Ltd, a prominent EPC player in the Transmission & Distribution (T&D) segment, with expertise in Civil, Railways, and Poles & Lighting, has secured new orders worth ₹1,085 crore in the domestic market.
Reliance Industries Ltd has acquired an additional 10% equity stake in Nauyaan Shipyard Private Ltd (NSPL), furthering its commitment to the sector. The stake was purchased by Nauyaan Tradings Private Ltd (NTPL), a step-down wholly owned subsidiary of Reliance, for ₹51.72 crore from Welspun Corp Ltd.
HCLTechnologies Ltd has earned three new Google Cloud Partner specialisations — in generative AI services, cloud migration services, and infrastructure modernisation services — bringing its total to seven. The recognitions were awarded under the Google Partner Advantage programme.
The real estate tycoons Abhishek Lodha, who leads Macrotech Developers, and Abhinandan Lodha, the head of the plotted development company House of Abhinandan Lodha (HoABL), have “amicably resolved all outstanding disputes under the guidance of their parents.” The siblings had a dispute over the use of the “Lodha” brand. According to the release, Macrotech Developers will be the exclusive owner of the name ‘Lodha’ and ‘Lodha Group’. “Abhinandan Lodha is the owner of and has the exclusive right to use the brand name ‘House of Abhinandan Lodha’ . In a separate message, Macrotech Developers said that it has acquired 10 land parcels last fiscal to develop housing projects with a total sales value of nearly Rs 24,000 crore, as it seeks to expand business amid strong demand.
Ahluwalia Contracts has won an order from Mumbai-based real estate developer Godrej Properties Ltd for Godrej Riverine project . The order, worth ₹396.5 crore, excluding GST, will have to be executed in the next 25 months.
Godrej Industries’ Chemicals Business has completed the acquisition of the Food Additives Business of Savannah Surfactants, according to a statement. “As a leading player in Oleochemicals, Surfactants, Specialities and Biotech sectors, this transaction will help the company expand its product offerings to the Food & Beverages Industry globally,” the Godrej Group firm said in the statement on Monday. Located in Goa, Savannah Surfactants has a manufacturing capacity of 5,200 MTPA of finished products.
Tata Power Renewable Energy Ltd (TPREL) has signed a power purchase agreement (PPA) with NTPC Ltd to develop a 200 MW clean power project. With this project, its total renewable utility capacity has reached 10.9 GW,” TPREL, a Tata Power subsidiary, said in a statement on Monday. The Firm and Dispatchable Renewable Energy (FDRE) project, spread across multiple locations in India, is set to be completed within 24 months and is expected to generate approximately 1,300 million units (MUs) of electricity annually, TPREL said.
Persistent Systems Ltd has secured approval from the National Company Law Tribunal (NCLT), Mumbai, for the merger of its wholly-owned subsidiary, Capiot Software Private Limited. The merger will simplify corporate operations, eliminate redundancies, and unlock synergy benefits across the organisation, said Persistent Systems. Capiot Software specialises in software development and related services.
Zydus Lifesciences has announced the incorporation of a wholly owned subsidiary, Zydus MedTech (France) SAS, in France. This move is a significant step in the company’s previously announced strategy to acquire a controlling stake in Amplitude Surgical SA, a French orthopedic firm.
The board of J K Cement Ltd, will meet on May 24 to consider raising up to ₹500 crore through private placement of non-convertible debentures (NCDs).
Vedanta has said that State Pollution Control Board, Odisha, has asked it to deposit a compensation of Rs 71.1 crore for unauthorised disposal of fly ash. Fly ash is a fine, powdery waste material created when coal is burned in power plants. “The issue pertains to allegation for unauthorised disposal of fly ash. The Member Secretary… requested the company to deposit the environmental compensation of Rs 71,16,53,320,” Vedanta has said in a filing to BSE.
Drug makers Glenmark Pharma Sun Pharma and Zydus are recalling products in the US for manufacturing issues, the US Food and Drug Administration (USFDA) said in its latest Enforcement Report. As per the US health regulator, Mumbai-based Glenmark is recalling over 25 products in the US market due to Current Good Manufacturing Practice (CGMP) deviations. The New Jersey-based Glenmark Pharmaceuticals Inc is recalling affected lots of medications like Propafenone Hydrochloride extended-release capsules and Solifenacin Succinate Tablets in America, the USFDA said.
NHPC on Saturday started commercial operation of 107 megawatt solar capacity at Bikaner in Rajasthan, a filing said. The capacity is part of the 300 MW Karnisar Solar Power Plant in the state, NHPC said in the exchange filing.
TARC Ltd’s sales bookings fell 4 per cent to Rs 1,235 crore in the January-March quarter but pre-sales more than doubled to Rs 3,722 crore in the full 2024-25 fiscal on strong housing demand. In a recent regulatory filing, TARC Ltd said the company achieved its “highest-ever annual sales of Rs 3,722 crore and of which sales of Rs 1,235 crore has been achieved in Q4 (January-March) of 2024-25”.
Axiscades on Friday announced the appointment of K P Mohanakrishnan as Deputy CEO & President of its aerospace vertical. In a statement, the company said its board has appointed D Murali Krishnan as Chief Operating Officer & President — Electronics, Semiconductors and Artificial Intelligence (ESAI). Mohanakrishnan steps into the role following a career of over three decades spanning across aerospace and defence, automotive, and general engineering.
Published on April 15, 2025
