Thermax, M&M and RITES to see some action today

Thermax has concluded an order of Rs 522 crore for utility boilers and associated systems for a grass root refinery and petrochemical complex in Rajasthan, India. The order includes two units of 260 TPH high pressure utility boilers along with allied auxiliaries to be designed and manufactured by Thermax Babcock & Wilcox Energy Solutions (TBWES), a wholly-owned subsidiary of Thermax. The package will be a part of the customer's Captive Power Plant (CPP), and will facilitate their steam and power requirements.

Mahindra & Mahindra (M&M) has partnered with CSC Grameen eStore, a government initiative, for its Small Commercial Vehicle (SCV) range of products. The partnership will harness CSC Grameen's digital platform to facilitate Mahindra vehicle enquiries and real time online lead transfer to M&M from deep rural pockets. Through this association, the CSC Village Level Entrepreneur (VLE) network will serve as M&M touchpoint in over seven lakh villages across the country.

RITES has entered into a memorandum of understanding (MoU) with Tata Steel to synergise their expertise. RITES and Tata Steel would collaborate to offer services in the areas of railway rolling stock exports and enhance infrastructural capabilities for buildings, airports, urban engineering, and information technology. They would also explore capacity enhancement for urban mass rapid transport, including metro railway systems, for domestic and overseas markets.

Shriram City Union Finance is aiming to grow its gold loan book to Rs 15,000-20,000 crore over the next five years. As of December 31, 2021, the non-banking finance company's gold loan book stood at Rs 4,110 crore. Demand for gold loans has risen for the last two years. Its portfolio has contributed 13 per cent of the assets under management (AUM) as of December 2021 against 10 per cent in the previous year.

With the Assamese New Year around the corner, Vodafone Idea (Vi) has come up with something special to get customers into the festive spirit. Vi in partnership with Hungama Music, has curated special playlists of Assamese songs that herald the New Year. These playlists are available to all Vi customers on Hungama Music on the Vi App.

Tata Steel has completed acquisition of the entire equity stake of Steel Authority of India (SAIL) (50%) held in S&T Mining Company (S&T Mining). On completion of the acquisition, S&T Mining (presently a Joint Venture between SAIL and the Company), has become a wholly owned subsidiary of the Company.

Multi Commodity Exchange of India (MCX) and Chittagong Stock Exchange (CSE), Bangladesh, have signed a consultancy agreement to collaborate for establishment of the country’s first commodity derivatives platform in Bangladesh. Under this consultancy agreement, MCX shall assist and provide consultancy services in the areas of products, clearing and settlement, trading, warehousing, regulatory aspects, etc.