NHPC, IndoStar Capital Finance and Tata Consumer Products to see some action today

NHPC has incorporated a joint venture (JV) firm Ratle Hydroelectric Power Corporation for implementing 850 MW Ratle project in the union territory of Jammua and Kashmir. The company has incorporated this JV firm with Jammu and Kashmir State Power Development Corporation (JKSPDCL) with equity participation of 51:49 respectively. The project will have an installed capacity of 850 MW in the Chenab river basin and any other project that may be entrusted to the company in the Union Territory of Jammu & Kashmir.

IndoStar Capital Finance has raised Rs 75 crore through Series XLIII AA- Rated Unsecured, Listed, Redeemable, Non-Convertible, Debentures (NCDs) and allotted 750 NCDs having face value of Rs 10 lakh each, for cash, at par on Private Placement basis.

Tata Consumer Products has entered into the premium roast and ground coffee segment with the launch of brand 'Sonnets By Tata Coffee'. Through 'Sonnets By Tata Coffee', the company is targeting the customers seeking a special coffee experience. These are microlot coffees that are limited edition offerings and are processed on the estates in a distinctive manner. This launch strengthens Tata Consumer's product portfolio and marks its entry into the premium coffee segment. Besides, with 'Sonnets By Tata Coffee', the company is also entering the direct-to-consumer space in the coffee segment as it would be sold online only.

Based on various consumer insights and feedback from Qmin users, the gourmet delivery platform from Indian Hotels Company (IHCL) has introduced INNERgise, a new range of curated meals with focus on strengthening immunity. The menu features fresh and home-grown ingredients packed with antioxidants and immunity boosting superfoods. These affordable menus are available across seven cities and eleven hotels.

Orient Abrasives’ board has approved the acquisition of 10,000 equity shares of Orient Advanced Materials (formerly known as KMM Consultancy) (OAMPL) from the existing shareholders of OAMPL, thereby making it a wholly-owned subsidiary of the company. ln order to expand its business, the company is in process of developing a separate product line, hence acquired OAMPL which is a mineral based company. The Executive Committee of Board of Directors of the company at its meeting held on June 5, 2021 has approved the same.

Force Motors has reported the production, sales and export of the products manufactured during the month of May 2021. The company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 866 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 440 units.

Gujarat State Fertilizers & Chemicals’ (GSFC) Sardar Brand Agri products are now available on AgroStar, an exclusive agri inputs e-commerce platform, to help farmers by providing a complete range of agri solutions. Continuous improvement in company's product portfolio along with success in creating solutions for farmers has led to the Company's unique position in the agri-business. To further support the farmers and ease their purchasing experience, Sardar Brand agri inputs will now be available on the AgroStar Website and App.