Tata Power to set up 250 MW solar power plant in Maharashtra
TP Saurya Ltd (TPSL) has secured a contract from Maharashtra State Power Generation Co. Ltd (MAHAGENCO) to set up a 250 megawatt (MW) grid-connected solar power plant in Maharashtra. TPSL is a wholly-owned subsidiary of Tata Power. The solar project will be commissioned within 15 months from the date of execution of the Power Purchase Agreement (PPA). With this project, the total renewable capacity of Tata Power will reach 4,611 MW.
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HDFC Bank partners with Paytm to launch co-branded credit cards
HDFC Bank has partnered with digital payments app Paytm to launch a comprehensive range of credit cards powered by Visa. The credit cards will be customized to meet the distinct requirements of retail customers, from new-to-credit users to affluent users. It will offer best-in-class rewards and cashback for users. The launch is planned in October to coincide with the festive season to tap into potentially higher consumer demand for credit card offers and EMIs.
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L&T secures order from Petronet LNG for 2 storage tanks
L&T Hydrocarbon Engineering (LTHE) has secured a significant order (in the range of Rs 1,000-2,500 crore) from Petronet LNG. The contract is for the engineering, procurement, construction, and commissioning of two LNG storage tanks of 1.7 lakh cubic meters each for Phase III-B of the Dahej Expansion Project in Gujarat. LTHE is a wholly-owned subsidiary of Larsen & Toubro (L&T).
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Dabur India forays into face wash category under the Vatika brand
Dabur India is strengthening its presence in the personal care segment with the launch of the Dabur Vatika face wash range. The face wash range has been exclusively launched on Flipkart and is priced at Rs 170. The Vatika Face Wash will be available in a 150ml SKU and comes in three variants. Both Dabur and Flipkart have worked closely to understand the emerging trends in the natural ingredient-based face wash category to come up with this new range.
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Coal India signs pact worth Rs 1,880 crore for commercial extraction of coal bed methane
Bharat Coking Coal, a subsidiary of Coal India Ltd, has signed a contract worth Rs 1,880 crore with Prabha Energy for commercial extraction of coal bed methane (CBM). CBM is an unconventional form of natural gas found in coal deposits or coal seams. It will be extracted from Jharia Block-I under the leasehold area of Bharat Coking Coal. Coal India has selected Ranchi-based consultancy firm CMPDI as the principal implementing agency to oversee the project.
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Tata Communications offers ‘pay-as-you-go’ feature on Ethernet network services in India
Tata Communications Ltd has introduced a Bandwidth-on-Demand (BoD) feature on Ethernet network services in India. The feature enables enterprises to self-provision additional capacity on a ‘pay-as-you-go’ model to meet short-term bandwidth needs conveniently through a self-service customer portal. It delivers flexibility, improves the end-user experience, and brings cost-efficiency. The new BoD feature helps customers manage scalable and resilient Data Center (DC) connectivity.
VST Tillers Tractors launches new power tiller and range of brush cutters
VST Tillers Tractors Ltd has launched a new power tiller— VST 95 DI Ignito for the domestic market. It is a machine used in agricultural fields for cultivation, tillage, sowing, and weeding. The company has also launched brush cutters— VST 226 LD, VST 234 MD, and VST 242 HD for the domestic market. The products were launched for the benefit of the farming community after encouraging results from extensive field trials.
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RPP Infra Projects secures order worth Rs 158 crore
RPP Infra Projects Ltd has received a Letter of Acceptance (LoA) for a new project worth Rs 157.67 crore. The order is for the engineering, procurement, and construction of Bareilly Haat and Handicraft Centre with 1-year defect liability under Smart City Mission. Tamil Nadu-based RPP Infra Projects engages in construction and infrastructure development activities in India, Sri Lanka, and Mauritius.
Adani Ports gets CCI approval to acquire 10.4% stake in Gangavaram Port
The Competition Commission of India (CCI) has approved the acquisition of a 10.4% stake in Gangavaram Port by Adani Ports & Special Economic Zone Ltd (APSEZ). The equity shareholding will be acquired from the Government of Andhra Pradesh. Gangavaram Port owns, develops, and operates a deep-water port at Gangavaram, Andhra Pradesh.
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Vodafone Idea promoters to infuse capital equity into company: Report
According to a report from Fortune India, Vodafone Idea (Vi) may soon see an influx of capital from its promoters. The telecom company is set to receive capital in the form of equity from Vodafone Group and Aditya Birla Group. Vi’s promoters had previously not been willing to infuse additional capital for the debt-ridden company over concerns regarding its stability. With the government’s new relief package, the promoters have more confidence in the long-term standing of the support from the government.
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