Coal India Ltd 

The company and its subsidiaries are not facing any cash crunch even as their outstanding dues were provisionally pegged at Rs 15,293.17 crore as of February 28, the Ministry of Coal said on March 16. While the gross debt of Coal India and its subsidiaries continues to remain high, it has come down significantly from Rs 22,165.85 crore as of March 31, 2021.

Bajaj Finserv

Sanjiv Bajaj has been re-appointed as the managing director of Bajaj Finserv for a 5-year period.

Adani Power 

The company has completed the acquisition of Essar Power’s 1,200 MW thermal power project in Mahan, Madhya Pradesh. The cost of acquisition of Essar Power MP Ltd, which is undergoing insolvency resolution, is over Rs 4,250 crore.

Hindustan Petroleum Corporation (HPCL) 

The company has bagged 14 coveted Awards at PRSI National Awards 2021 at the virtually held Award ceremony.

JSW Energy Limited 

The company informed in a March 16 regulatory filing that the reorganisation of the company’s green (renewable) business and grey (thermal) business is now complete.

Yasho Industries 

The speciality and fine chemicals maker has received board approval for a capital expenditure of Rs 350 crore in Phase 1 for its greenfield project at Pakhajan (Dahej), Gujarat. The company intends to manufacture lubricant additives and rubber chemicals with a total capacity of 15,500 MT per annum in phase 1 at this new facility. Post expansion, the total manufacturing capacity will increase from 11,000 MTPA to 26,500 MTPA with a revenue potential of Rs 500 crore to Rs 550 crore in Phase 1 at full capacity utilisation. The project is expected to be completed in 24 months after receiving all necessary governmental approval.

Godrej Industries (GIL) 

The company has made further investment in Godrej Capital, it’s subsidiary on March 16, 2022. Consequently, the company now holds 87.11% of the total paid-up share capital of Godrej Capital.

Indiabulls Housing Finance 

The board on March 22 will consider raising funds via bonds, in one or more tranches, on a private placement basis.

IOL Chemicals and Pharmaceuticals 

The company has incorporated a wholly-owned subsidiary company namely ‘IOL-Foundation’ under Section 8 of the Companies Act, 2013 on is March 15, 2022. The Company has invested Rs 10 lakh by subscribing to 1,00,000 equity shares of Rs 10 each in IOL-Foundation-directly 99,994 equity shares and 6 equity shares through its nominees.

Om Infra 

The company secured two prestigious contracts from Public Health Engineering Department, Region Churu (Rajasthan).

Housing and Urban Development Corporation (HUDCO) 

The company is planning to raise funds through the issue of bonds/debentures, as may be permitted by the regulatory authorities from time to time, during the financial year 2022-23 up to a maximum of Rs 7000 crore.

Oil India 

The firm said subsidiary Numaligarh Refinery will invest Rs 6,555 crore for the implementation of the petrochemical project at Numaligarh, Assam. The board also approved the formation of a joint venture company between Assam Gas Company (AGCL) and Oil India (OIL) for the three geographical areas offered by the Petroleum and Natural Gas Regulatory Board [PNGRB].

Tech Mahindra 

The company has collaborated with Cisco, the worldwide leader in technology that powers the Internet, to drive the infrastructure modernization of optical transport networks with the introduction of Cisco routed optical networking.

GlaxoSmithKline Pharmaceuticals

The company has completed the transaction for the sale of its trademarks pertaining to ‘lodex’ and ‘Ostocalcium’ brands in India to GlaxoSmithKline Asia Private Limited.

Torrent Power 

The company has inked agreements to acquire 51% equity of Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Ltd.

Voltas

The company will enter into a joint venture arrangement with Highly International (Hong Kong), a wholly-owned subsidiary of Shanghai Highly (Group) Company. With this JV, the company will engage in the business of design, development, manufacture, marketing, sale and service of inverter compressors for room air-conditioners, motors for inverter compressors, and their associated parts including sourcing of raw materials & components required for manufacturing these products.