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Adani Ports and Special Economic Zone (APSEZ) has signed a concession agreement to develop Berth 2 at Haldia Dock Complex (HDC) in Bengal. APSEZ will operate, design, finance, maintain and manage the bulk terminal. The capacity of 3.74 million tonnes per annum. The estimated cost of this project is Rs 298 crore. RBL Bank and Indiabulls Housing Finance are also added to NSE’s F&O ban list.
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The UPL announced a joint venture with CleanMax Enviro Energy Solutions (‘CleanMax’). Establish a hybrid solar wind power plant in Gujarat, a Mumbai-based renewable energy company. The project will result in UPL using renewable energy to fulfil 30 per cent of its total power consumption needs. The captive project will lead to a carbon reduction of 1.25 Lakh tonnes CO2 equivalent per annum.
Also, the private lender IndusInd Bank had a board meeting to reappoint Sumant Kathpalia as the managing directorate and CEO for three more years, subject to the RBI’s approval given by the BOD of the bank at a board meeting.
On Thursday, Indian Hotels Company announced the signing of a Vivanta hotel in Haridwar, Uttarakhand. Featuring 129 rooms and suites, the Vivanta hotel will be strategically located within SIDCUL – the State Industrial Development Corporation of Uttarakhand Limited, a vibrant industrial township, and BHEL.
On the other hand, Tata Metaliks inaugurated phase-I of the expansion project of the ductile iron (DI) pipe plant at Kharagpur. The project will expand the capacity to 4 lakh tonnes per annum in two phases worth Rs 600 crore. Introduce one new DI pipe plant with a high level of automation & robotics to make the mission safe and efficient. This will also help for the fast-growing water infrastructure space owned by the government of India, named the Jal Jeevan Mission scheme.
