NTPC has commissioned a 50 MW unit of Shajapur solar project in Madhya Pradesh, taking the group’s total installed and commercial capacity to 77,461.50 MW, a BSE filing said on Wednesday. “The second and last part capacity of 50 MW out of the 105 MW Shajapur Solar Project (Unit-I) in Shajapur Solar Park, M.P of NTPC Renewable Energy Limited (NTPC REL) is declared on commercial operation,” NTPC said in the filing.
Coromandel International Ltd has acquired a majority 53 per cent stake in agro chemical firm NACL Industries Ltd (earlier Nagarjuna Agrichem Ltd) for Rs 820 crore and will launch an open offer to buy an additional up to 26 per cent of equity. In a regulatory filing on Wednesday, Coromandel International said the board has “approved the acquisition of 10,68,96,146 equity shares of NACL Industries, representing 53.13 per cent of the paid-up equity share capital…” A share purchase agreement has been signed amongst Coromandel International, NACL Industries Ltd, the seller (i.e, KLR Products Ltd); K Lakshmi Raju (being a promoter) and Bright Town Investment Advisor Pvt Ltd (being a member of the promoter/promoter group of the target).
Zynext Ventures USA LLC (Zynext Ventures), the venture capital arm of Zydus Lifesciences (Zydus), has announced its investment in Illexcor Therapeutics (Illexcor), a biopharmaceutical company developing next-generation oral therapies for sickle cell disease (SCD). This investment underscores Zynext Ventures’ commitment to supporting disruptive healthcare innovations that address significant unmet medical needs.
Jubilant Pharmova’s subsidiary Jubilant Cadista Pharmaceuticals Inc., USA, (Jubilant Cadista)’s solid oral formulations facility at Salisbury, Maryland, US (Facility) has received the Establishment Inspection Report (EIR) with Voluntary Action Indicated (VAI) status from the US Food and Drug Administration (USFDA) following an inspection conducted in January 2025.
Carysil, a globally recognised manufacturer of Quartz Kitchen Sinks, has entered into an agreement with KARRAN INC., USA to supply Quartz kitchen sinks to fulfil the requirements of a new major US home retail chain. “We will dedicate a production capacity of 150,000 Quartz sinks p.a. commencing from May 2025, for this new tie-up. An initial investment of $5,10,000 (₹4.5 Ccore) is being allocated towards moulds, machinery, and utilities to support this production,” it said in a statement .
Rattanindia Power informed the exchanges that a single bench of the High Court of Delhi has dismissed a petition filed by the company against an interim award by an Arbitral Tribunal, which had awarded ₹115 crore (plus 18 per cent interest thereon) in favour of Bharat Heavy Electricals Ltd.
Bharat Electronics Ltd (BEL), has signed a contract with the Defence Ministry valued at ₹2,463 crore (excluding taxes) for supply and services of Ashwini Radars. These fully indigenous AESA radars developed jointly by DRDO and BEL have integrated IFF with electronic scanning in azimuth and elevation and are capable of 4D surveillance. These mobile radars with advanced ECCM features are deployable on all terrains and can automatically detect and track aerial targets ranging from fighter aircraft to slow-moving targets.
IT services firm Infosys on Wednesday announced the expansion of its long-standing strategic collaboration with Citizens, a financial institution in the US. Under the pact, Citizens will leverage Infosys’ domain expertise in financial services and technologies, including AI, cloud, and automation, to develop cloud-native domain platforms and achieve data centre exit.
BEML signed two Memorandums of Understanding (MoUs) to expand its presence in the rail and dredging sectors. The company entered into a non-binding MoU with Siemens, India, to jointly explore opportunities in the semi-high-speed and suburban passenger train segments, as well as metro and commuter rail markets.
National Company Law Tribunal (NCLT) has given an additional eight days to all parties to complete procedural issues for the ownership transfer of debt-ridden Reliance Capital (RCAP) to IndusInd International Holdings (IIHL). The Mumbai branch of NCLT heard the matter, and a joint status update was given by the committee of creditors, administrators, and IIHL on the implementation of the resolution plan
