1 / 11Adani Group stocks | The Group’s Founder and Chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying $265 million (₹2,200 crore) in bribes to secure lucrative solar power contracts.
2 / 11Zomato | The company’s shareholders have approved a proposal to raise capital through a Qualified Institutions Placement (QIP) to raise ₹8,500. The approval was granted via a special resolution passed through a postal ballot conducted through remote e-voting. The fundraising is meant to strengthen the balance sheet at this point, the company said in a filing.
3 / 11HDFC Life Insurance Company | Private general insurer ICICI Lombard General said it has acquired a 0.19% equity stake in the company for ₹233 crore. The transaction, executed during market hours on November 22, 2024, was made through cash consideration.
4 / 11Power utility firm CESC | Its unit Eminent Electricity Distribution has received a letter of intent (LOI) for the acquisition of 100% shares in a distribution company responsible for the electricity distribution and retail supply in the union territory of Chandigarh. The deal, valued at ₹871 crore and expected to be executed within 30 days.
5 / 11Rail Vikas Nigam | The company has received a Letter of Acceptance (LoA) from Eastern Railway for an infrastructure project involving earthwork, bridge construction, and railway track laying. The contract is for a value of ₹837.67 crore. RVNL is leading the project through its joint venture with SCPL, holding a 74% share, while SCPL holds 26%.
6 / 11RITES | The company has received revised estimates for its railway electrification project in the Lumding-Badarpur (LMG-BPB) section of the Lumding division, under Northeast Frontier Railway (NFR). The revised total cost for the turnkey project stands at ₹531.77 crore, excluding GST, which marks an increase from the original cost of ₹288.44 crore.
7 / 11Cochin Shipyard | The company entered into a MOU with Seatrium Letourneau USA, Inc. (SLET) for the design and critical equipment for jack-up rigs for the Indian Market. This collaboration combines CSL’s extensive expertise in ship construction and engineering with SLET’s renowned design capabilities in offshore drilling technology.
8 / 11VST Industries | The company said it has completed the sale of an immovable property located in Panjagutta, Banjara Hills, Hyderabad, to ViNS Bioproducts Ltd and others. The transaction, valued at ₹101.7 crore, involves the sale of approximately 2.7 acres of land along with existing structures.
9 / 11Mahindra Lifespace Developers | The company’s unit Mahindra World City Developers Ltd (MWCDL) has announced the second phase of its industrial parks project, Origins by Mahindra, in Tamil Nadu. The agreement entails an investment of ₹225 crore by MWCDL and Sumitomo in Mahindra Industrial Park Chennai Ltd (MIPCL) in proportion to their shareholding.
10 / 11HG Infra Engineering | The company signed a Letter of Award (LoA) with NTPC Vidyut Vyapar Nigam Ltd under the tariff-based global competitive bidding process. Under the LoA, HG Infra will handle 185 MW/370 MWh of the total capacity at a tariff rate of ₹2,38,000 per MW per month. The project is valued at approximately ₹1,110 crore and has a completion timeline of 1.5 years.
11 / 11Prakash Industries | The company has finalised the mining lease for the Bhaskarpara commercial coal mine in Surajpur district, Chhattisgarh. The lease, executed by the state government on November 21, 2024, has been registered today, granting the company coal mining rights for 30 years. Operational activities are set to begin with overburden removal next month, followed by coal extraction in the subsequent quarter.
