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.
Centre allocates funds for three rail projects in Jharkhand
The central government has allocated funds worth Rs 11.47 billion for three rail projects in Jharkhand. The first is the redevelopment of Ranchi railway station, which has been allocated Rs 4.44 billion. The second is […]
Cube Highways InvIT acquires two road assets from NIIF worth Rs 41.84 billion
Cube Highways InvIT has entered into an SPA with the NIIF to acquire two road assets valued at Rs 41.84 billion. The deal signed includes the purchase of a 100 per cent stake in Athaang […]