Rail Vikas Nigam, Trident and Waaree Renewable Technologies to see some action today

Rail Vikas Nigam has received Letter of Acceptance (LoA) from SER HQELECTRICAL/South Eastern Railway for Design, Supply, Erection, Testing and Commissioning for upgradation of Electric traction system from 1 x 25 KV to 2 x 25 KV traction system for Kharagpur (Excl.)- Bhadrak (Excl.) section of Kharagpur division of South Eastern Railway to meet 3000 MT loading Target. Cost of work is Rs 148.27 crore including applicable taxes.

Trident has successfully commissioned the additional capacity of 5.9 MWp rooftop Solar Power Project at Budhni, Madhya Pradesh. The total installed capacity of Solar Power Plant at Budhni facility, Madhya Pradesh has reached 40.9 MWp. The power generated from Solar Power Project shall be consumed captively for manufacturing facilities located at Budhni, Madhya Pradesh, resulting in considerable reduction of carbon footprint for the company.

Waaree Renewable Technologies has received a Letter of Intent (LoI) for the execution of Engineering, Procurement and Construction (EPC) works for solar power project of 700 KW DC capacity on turnkey basis along with One Year Operation & Maintenance Service. The project is scheduled to be completed in the financial year 2024- 25, in various tranches as per the terms of the order.  

Standard Capital Markets has partnered with a leading fintech company to provide educational loans to individuals seeking higher education. This collaboration aims to make education more accessible and affordable for students, empowering them to pursue their academic goals. Through this strategic partnership, Standard Capital Markets will leverage the fintech company's innovative platform and expertise in student financing to offer competitive loan options tailored to the needs of students. The loans will cover tuition fees, living expenses, and other educational costs, ensuring that financial constraints do not hinder students from receiving a quality education.

Tata Motors’ passenger vehicles and passenger electric mobility subsidiaries -- Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) have tied up with Bajaj Finance for to extend supply chain finance solutions to its passenger and electric vehicle dealers. Under a Memorandum of Understanding (MoU), the participating companies will come together to leverage Bajaj Finance's wide reach to help dealers of TMPV and TPEM access funding with minimal collateral. The partnership with Bajaj Finance will further strengthen the access of the dealer partners to increased working capital. 

Centrum Capital has received approval for raising of funds up to Rs 1,000 crore by way of issue of Non-Convertible Debentures (NCDs); and for raising of funds through issue of securities either by way of rights issue or by way of a private placement (including but not limited through a qualified institutional placement) in accordance with the provisions of the applicable law. The Board of Directors of the company at its Meeting held on May 17, 2024, approved the same. 

United Breweries (UBL) has launched new brand viz., ‘Queenfisher Premium Lager Beer’ in Assam and Meghalaya markets in the ‘Lager Beer Mild’ segment category. Encouraged by the overwhelmingly positive response from consumers in Goa, it is thrilled to extend this celebration of nurturing sisterhood bonds to new markets. The beer launch was held on May 18, 2024 at Exotica Green in Guwahati. Initially launched on March 11, 2024 in Goa, the beer garnered significant interest from the public.