Torrent Power, GPT Infraprojects and SJVN to see some action today

Torrent Power has incorporated a Wholly Owned Subsidiary (WOS) namely ‘Torrent PSH 3’ (TPSH3) on December 29, 2023. TPSH3 is incorporated with object to carry on the business of generation, transmission, distribution, purchase, procurement, sale, trading, import, export, storage of power or otherwise deal in all forms of conventional, nonconventional, renewable, green, hydro power, or any other sources of energy or Power including electrical power and energy and pumped storage, battery storage or any other combination of storage technologies in all aspects.

GPT Infraprojects has been declared L1 (First Lowest) in order valued at Rs 267 crore on December 29, 2023 by MORTH, Government of India through Office of Superintending Engineer National Highway Circle No II, Public Works (Roads) Directorate. The order is for Construction of 4 lane Raniganj Bypass of length 5.261 km on NH-60 (new NH-14) from km 275.20 of NH 60 to km 478.18 of NH-2 (New NH 19) in Paschim Bardhaman, West Bengal in EPC Mode (Job No 014-WB-2022-23/514).

SJVN has secured Rs 10,000 crore construction finance facility to fund its renewable energy projects from a group of leading domestic and international lenders. The construction finance facility is a unique and first-of-its-kind transaction undertaken by a PSU entity and Public Sector Banks. SJVN Green Energy (SGEL), a wholly-owned subsidiary of SJVN, undertook this initiative in association with SBI Capital Markets (SBI CAPS).

Bondada Engineering has received approval for acquisition of substantial stake of 60% in the paid up equity share capital of Atpole Technologies (ATPOLE). Consequent to the acquisition upto 60% of equity stake by the company, ATPOLE will become subsidiary Company of Bondada Engineering. The Board of Director of the company at their meeting held on December 29, 2023 has approved the same. 

Tata Steel’s subsidiary -- Tinplate Company of India (TCIL) is all set to invest Rs 1,787 crore for setting up a 3-lakh-tonnes-per-annum manufacturing facility in Jharkhand's Jamshedpur. The facility, an expansion project, is scheduled for commissioning in 2026. The facility will not only enhance Tinplate's manufacturing capabilities with advanced technology and automation, but also contribute significantly to both domestic and export markets, bolstering the state's industrial growth.

ACC has successfully commissioned Cement Manufacturing unit with a capacity of 1.0 MTPA at Village Ametha, District-Katni, Madhya Pradesh and commenced the commercial production and dispatch of ‘Cement’ with effect from December 28, 2023. Earlier, the company had commenced commercial production of Clinker at its new cutting-edge Ametha Cement Plant, nestled in the heart of Katni district of Madhya Pradesh.