Bondada Engineering, Exide Industries and Orient Tradelink to see some action today

Bondada Engineering has received a Letter of Award from NLC India for Balance of System (BOS) work for setting up 600MW Grid Connected Solar Power Project including the O&M for three years after SCOD at Khavda, Gujrat amounting to Rs 939 crore (Including GST).

Exide Industries (EIL) has invested Rs 75 crore by way of subscription in the equity share capital of its wholly owned subsidiary, ‘Exide Energy Solutions’ (EESL), on rights basis. With this investment, the total investment made by the company in EESL stands to Rs 2,452.24 crore. EESL is in the process of setting up a green field plant at Bengaluru for manufacturing & selling lithium-ion battery cells, modules and pack business. The equity investment in EESL on a rights basis is to fund the above green field project and meet its various funding requirements. With the current investment, EIL shareholding in EESL remains unchanged at 100%.

Orient Tradelink has ventured into the merchandising business, acquiring significant content rights over the past three years. The company now holds marketing rights to more than 2,000 hours of Spiritual & Sports software and 44 books. This new endeavor involved substantial expenditure on acquiring these rights. The company's R&D team has developed extensive merchandising inventories, including the Shirdi Sai Baba Samadhi box, featuring mantras narrated by Shri Aushim Khetarpal. Additionally, the Samadhi box, along with the books ‘Sai Vibhuti’ and pen drives containing various talk shows like ‘Sai Ke Mahima’ and ‘Sai Mantras and Mantras for the Soul,’ have been released and are available on digital platforms worldwide. This new business venture is expected to increase turnover by 30% in 2024-25. 

Redtape has commenced online operational activity from its newly constructed Warehouse situated at Mallik Bagan, Howrah, West Bengal, with effect from June 12, 2024. This newly constructed Warehouse having storage capacity area of 62,500 square feet. This new warehouse facility will help the company to fulfil delivery of the company's products more efficiently to the online shopping customers.

Integra Essentia has secured significant orders for its Agro and Infrastructure business segments. The total aggregated value of these orders is about Rs 21 crore. In the Infrastructure business segment, the company has secured significant orders for High-Tensile TOR Steel. These orders will contribute to the consistent growth in the company's footprint in the infrastructure business.  In the Agro segment, the company received fresh orders from the renowned and regular customers including Sarveshwar Foods and Sarveshwar Overseas. 

PNB Housing Finance is planning to raise funds up to Rs 10,000 crore through issuance of Non-Convertible Debentures (NCDs) on private placement basis in one or more tranches. A meeting of the Board of Directors of the Company is scheduled on June 18, 2024, to consider the same.

Gensol Engineering has emerged as a successful bidder for 250 MW/500 MWh standalone Battery Energy Storage Systems (BESS) project from Gujarat Urja Vikas Nigam (GUVNL). The project will supply electricity on an On-Demand basis to Gujarat State's DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling Energy Storage Purchase Obligations, and enhancing grid resilience. The project will deliver 250 MW/500 MWh energy for two charge/discharge cycles per day.