Nazara Technologies, KEC International and Indraprastha Gas to see some action today

Absolute Sports (Sportskeeda), a material subsidiary of Nazara Technologies, has signed definitive agreements, subject to closing conditions, to acquire a 73.27% stake in Pro Football Network LLC (PFN), a premier source of coverage and analysis of the NFL (United States’ most watched sport) and college football. This marks the first acquisition for Absolute Sports in the US Sports Media market as it looks to bolster its existing user base and offerings in the US.

KEC International has secured new orders of Rs 1,560 crore for Transmission & Distribution (T&D) projects in India, from Power Grid Corporation of India (PGCIL) under Tariff Based Competitive Bidding (TBCB) route.

Indraprastha Gas (IGL) has signed a Memorandum of Understanding (MoU) with Bharat Heavy Electricals (BHEL) for Joint collaboration for development, manufacturing & deployment of Type-IV Cylinders (CNG and/or Hydrogen), Hydrogen blending in City Gas Distribution (CGD) and Fuel cell based power backup system. The company has signed a MoU on March 22, 2023.

Hero MotoCorp is going to make an upward revision in the ex-showroom prices of its select motorcycles and scooters, effective from April 1, 2023. The price revision has been necessitated mainly due to cost increases on account of OBD 2 transition. The company will continue to provide innovative financing solutions in order to cushion the impact on the customers. The price revision will be around 2% and the exact quantum of increase will vary by specific models and markets.

Coromandel International has received an approval from its board to expand its operations in Crop Protection Chemicals and foray into Contract Development & Manufacturing Organisation (CDMO) business. The Board further approved the plan to diversify into new growth areas namely Speciality and Industrial Chemicals. This is in line with the company’s strategy to establish a sizeable presence in the Crop Protection Chemicals business and leverage its deep technical capabilities and best in class infrastructure to enter into adjacencies like CDMO, Speciality and Industrial Chemicals.

Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, entered into an Electrolyzer Manufacturing Binding Agreement with McPhy Energy, a France-based leading electrolyzer technology and manufacturing company, for a long-term partnership to explore the opportunities unfolding in the emerging Green Hydrogen market.

The leading manufacturer of printing inks, innovative packaging solutions, and allied material in the country, DIC India, part of DIC group, Global Leaders in printing and packaging Inks , inaugurated its advanced and latest Toluene free plant 'Optima' for Liquid Ink manufacturing at Saykha in Bharuch district, Gujarat. Spread across a vast area of 92,500sqm, the plant has the capacity to manufacture over 10,000+ Tonnes of TF, KF/NTNK (Toluene Free/ Ketone Free) liquid inks in two shifts in phase-I. The plant will be further augmented to produce value added and specialty products for domestic and export markets.