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Market News

Greenzo Energy secures a major hydrogen project in Tamil Nadu, boosting its order book to Rs 1,200 crore, enhancing India’s green initiatives.

Greenzo Energy secures a major hydrogen project in Tamil Nadu, boosting its order book to Rs 1,200 crore, enhancing India’s green initiatives.

Greenzo Energy has announced a significant multi-crore hydrogen project in Tamil Nadu, boosting its total order book to Rs 1,200 crore. The contract, awarded by the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO), entails establishing a hydrogen generation plant capable of producing 20 normal cubic meters of hydrogen per hour. This initiative will take ...

Market News

NCLAT grants Supertech’s suspended director two weeks to propose a settlement, while looming insolvency threatens the halted real estate project.

NCLAT grants Supertech’s suspended director two weeks to propose a settlement, while looming insolvency threatens the halted real estate project.

The National Company Law Appellate Tribunal (NCLAT) has given Ram Kishore Arora, suspended director of Supertech Township Projects, an additional two weeks to share a settlement proposal with lenders and homebuyers. This decision comes as Arora aims to resolve ongoing insolvency proceedings connected to the company’s real estate project, which has faced delays. NCLAT suggested ...

Market News

JSW Group commits to its Rs 40,000 crore EV project in Odisha, amid rumors of relocating to Maharashtra, despite delays.

JSW Group commits to its Rs 40,000 crore EV project in Odisha, amid rumors of relocating to Maharashtra, despite delays.

The JSW Group has confirmed it is not withdrawing its proposed Rs 40,000 crore electric vehicle (EV) and battery project from Odisha, despite media reports suggesting a shift to Maharashtra. Ranjan Nayak, an executive from the company, emphasized their commitment to the original plan, which includes setting up a significant manufacturing facility and related units ...

Market News

Amidst Odisha’s achievements, police brutality allegations and tribal protests overshadowed PM Modi’s project launch, raising questions on women’s empowerment.

Amidst Odisha’s achievements, police brutality allegations and tribal protests overshadowed PM Modi’s project launch, raising questions on women’s empowerment.

On September 17, Prime Minister Narendra Modi and Odisha Chief Minister Mohan Charan Majhi launched several new projects in Bhubaneswar, marking a significant moment for the region. Meanwhile, CM Majhi was addressing a gathering in Puri to discuss his achievements during his first 100 days in office, notably the introduction of the Subhadra scheme aimed ...

Market News

Gaurs Group prepares for an IPO amid soaring demand, fueled by a record-breaking luxury housing project launch.

Gaurs Group prepares for an IPO amid soaring demand, fueled by a record-breaking luxury housing project launch.

Gaurs Group is set to launch its Initial Public Offering (IPO) within the next 18 months, aiming to expand its operations in response to strong consumer demand. The company’s Chairman, Manoj Gaur, announced plans to grow its housing project development across the Delhi-NCR region. Following the successful launch of a luxury housing project in Ghaziabad ...

Market News

RBI embarks on a monumental 4-5 year project to revolutionize currency management, ensuring safety, efficiency, and eco-friendliness for India’s economic future.

RBI embarks on a monumental 4-5 year project to revolutionize currency management, ensuring safety, efficiency, and eco-friendliness for India’s economic future.

The Reserve Bank of India (RBI) is planning a major overhaul of its currency management system over the next 4-5 years to meet the growing cash needs of the economy. This modernization will include building new currency management centers, automating warehouses, and improving security and inventory systems. The RBI noted that while the growth rate ...

Market News

JSW Energy secures a 600 MW wind-solar project, boosting its capacity to 18.2 GW, while eyeing carbon neutrality by 2050.

JSW Energy secures a 600 MW wind-solar project, boosting its capacity to 18.2 GW, while eyeing carbon neutrality by 2050.

JSW Energy’s subsidiary, JSW Neo Energy, has secured a 600 MW wind-solar hybrid power project from Maharashtra State Electricity Distribution Company (MSEDCL). This new project boosts JSW Energy’s total locked-in generation capacity to 18.2 GW, which includes a hybrid capacity of 3.8 GW. The company aims to increase its installed generation capacity to 10 GW ...

Market News

Signature Global embarks on a ₹1,144 crore luxury housing project in Gurugram, achieving record pre-sales in mere days.

Signature Global embarks on a ₹1,144 crore luxury housing project in Gurugram, achieving record pre-sales in mere days.

Signature Global has awarded a construction order worth Rs 1,144 crore to Ahluwalia Contracts for their luxury housing project, ‘De-luxe DXP,’ located in Gurugram’s Sector 37D along the Dwarka Expressway. Spanning 16.65 acres, this ambitious project will feature 1,008 residential units and a total developable area of 28.12 lakh square feet. Construction has already begun, ...

Market News

Prestige Estates raises ₹5,000 crore amid declining profits, expanding into Mumbai and Delhi-NCR markets despite project launch delays.

Prestige Estates raises ₹5,000 crore amid declining profits, expanding into Mumbai and Delhi-NCR markets despite project launch delays.

Prestige Estates Projects Ltd, a major real estate developer, has successfully raised Rs 5,000 crore through a Qualified Institutional Placement (QIP) aimed at institutional investors. The share allocation consisted of nearly 29.9 million equity shares priced at Rs 1,674 each, reflecting a 4.62% discount from the floor price. With a strong presence in southern India, ...

Market News

Massive 6,790 MW Hydro Power Project Agreement Signed in Maharashtra

Massive 6,790 MW Hydro Power Project Agreement Signed in Maharashtra

THDC India has partnered with the Maharashtra government to develop six pumped hydro power storage projects, totaling 6,790 MW, with an investment of over Rs 33,600 crore. This agreement aims to streamline the process for project surveys, investigations, and the preparation of Detailed Project Reports (DPRs), ensuring compliance with central and state regulations. The six ...

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