Oil and Natural Gas Corporation Ltd. (ONGC) has reported a gas discovery from a deepwater well in the Mahanadi Basin, around 43 km off the Odisha coast.
Oil and Natural Gas Corporation Ltd. (ONGC) has reported a gas discovery from a deepwater well in the Mahanadi Basin, around 43 km off the Odisha coast.
Waaree Energies Ltd. has received an order to supply 2 GW of solar modules to a leading solar developer. The modules are scheduled to be supplied during FY27 and FY28.
Bank of Baroda has incorporated a new subsidiary in the pension fund management business, according to a regulatory disclosure dated September 22. The development adds another specialised financial-services entity to the bank’s group structure.
Jaiprakash Power Ventures Ltd. has reached an agreement with the National Asset Reconstruction Company Ltd. (NARCL) to settle claims linked to its insolvency proceedings. The company will pay Rs.511 crore as a full and final settlement.
Lemon Tree Hotels Ltd.’s subsidiary Fleur Hotels has acquired a land parcel in Mumbai and incorporated a wholly owned subsidiary in the Maldives. The move adds to the group’s ongoing expansion of its hospitality platform.
Apollo Pipes Ltd.’s subsidiary Apollo Ceramics has acquired a 76% stake in Mazzini Tiles for Rs.40.4 crore. The transaction marks Apollo Pipes’ entry into the ceramic tiles business and expands its presence beyond its traditional piping operations.
NTPC Green Energy Ltd. has commenced commercial operations of the third phase of its subsidiary’s renewable-energy project in Kutch. The newly commissioned phase has a capacity of 9.45 MW.
Federal Bank Ltd. has established a $500 million Medium-Term Note Programme. The programme provides the bank with a framework to access international debt markets as and when funding conditions are suitable.
Canara Bank Ltd. has raised Rs.2,042 crore through the issuance of Tier-I bonds. The fundraising forms part of the bank’s capital-management programme and strengthens its regulatory capital base.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) was in focus after developments at its 50th annual general meeting. The company announced the appointment of a new managing director and also disclosed a dividend-related update.
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