Dalmia Cement (Bharat) Limited, a wholly owned subsidiary of Dalmia Bharat Limited, has signed a share subscription and shareholders agreement to acquire a 26 per cent equity stake in Solis Urja Energy Private Limited for Rs 17.5 million. The acquisition involves 1,750,000 equity shares worth Rs 17.5 million to be acquired in one or more tranches. With this acquisition, the company will source solar power as a captive consumer for a capacity of up to 7 MWp.
Changing Dynamics: Draft telecom bill covers much ground, but several gaps remain
The draft of the India Telecommunications Bill of 2022, which has been released for public consultation with a deadline of October 20, 2022, has been long awaited. There is no doubt that three of the […]
AG&P Pratham and THINK Gas announce merger
AG&P Pratham and THINK Gas have announced the merger of brand identities under a single brand, THINK Gas. The merged entity will now operate in 50 districts across 10 states, covering around 10 per cent […]
Positive Prospects: Policy support fuels sector growth
Continued policy support has strongly contributed to the growth of the oil and gas sector. Upstream initiatives have improved domestic production in the past few years. Meanwhile, the city gas distribution (CGD) network has expanded […]