Bharat Petroleum
Limited Corporation (BPCL)

State-owned
Bharat Petroleum Limited Corporation Ltd (BPCL) has signed an agreement with
Brazilian national oil company Petrobras to help it diversify its crude oil
sourcing for energy security in India. The company gets a majority of its
supplies from west Asian nations such as Iraq and Saudi Arabia. Bharat
PetroResources Limited (BPRL), the upstream oil and gas exploration and
production subsidiary of BPCL, plans to invest $1.6 billion to develop an oil
block in Brazil. BPRL holds a stake in an ultra-deepwater hydrocarbon block in
Brazil, owned and operated by Petrobras.

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Coal India

State-owned
Coal India Limited will sign agreements with three public sector enterprises –
Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation Ltd (IOCL), and
GAIL India – to set up four surface gasification projects. The
government aims to achieve 100 million tonnes of coal gasification in the next
eight years to reduce the import of crude oil which is otherwise used to
produce syngas. Gasification is a process through which coal is converted into
syngas, a fuel gas, which can be used in the downstream production of
value-added chemicals.

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Nestle India

Global
food and beverages conglomerate Nestle SA is planning to invest Rs 5,000 crore
in India over the next three and a half years, Chief Executive Officer Mark
Schneider said. The investment will help the company to accelerate its core
business in the country and leverage new opportunities for growth. The
investment will be on capex (capital expenditure), setting up plants, and
expanding the product portfolio of the company. Nestle runs nine plants in
India and is looking at new locations to set up more manufacturing units.

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Harsha Engineers International

The
company will make its entry into the stock market on September 26. The offer
price has been fixed at Rs 330 per share.

Embassy Office Parks REIT

Blackstone
will sell a stake worth up to $400 million in Embassy Office Parks REIT,
India’s biggest real estate investment trust, through block deals. Abu Dhabi’s
sovereign wealth fund, one of the world’s largest, is likely to acquire at
least half of the stake that Blackstone is to sell, reported Reuters quoting
sources.

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Unichem Laboratories

Unichem
Laboratories has completed the sale of 19.97% equity shares in Optimus Drugs to
Sekhmet Pharmaventures. Accordingly, it has received payment towards the
completion of the sale of first tranche. 

Sterlite Technologies

Mihir
Modi has tendered his resignation from the chief financial officer (CFO) and
key managerial personnel position. He will be relieved from his duties with
effect from the close of business hours on Friday, October 14, 2022. 

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Britannia Industries

The
board of directors has appointed Rajneet Kohli as its chief executive officer.
He is currently president and chief business officer at Domino’s India. Varun
Berry was promoted to Executive Vice-Chairman and Managing Director of the
company.