The Indian government announced plans on Tuesday to divest up to a 2% stake in Coal India Limited through an offer for sale (OFS), as detailed in an exchange filing. This divestment, being orchestrated by the Ministry of Coal, will proceed via the OFS window on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in accordance with Securities and Exchange Board of India (SEBI) regulations. The base offer involves the sale of up to 6.162 crore shares, equivalent to 1% of Coal India’s paid-up equity capital, with an option to sell an additional 6.162 crore shares. The sale will occur across two trading sessions, starting on May 27, when the OFS window will be available exclusively for non-retail investors. Retail investors, along with employees (with a quota of 25,000 shares), can participate on May 29, sharing the window with non-retail investors who wish to carry forward unallocated bids from the first day.
In another development, Zee Entertainment Enterprises announced on Tuesday that it is in discussions with the Fédération Internationale de Football Association (FIFA) regarding the broadcasting and streaming rights for the FIFA World Cup 2026 matches in India. Additionally, the company revealed the launch of Unite8 Sports, a dedicated suite of sports channels aimed at enhancing its foothold in the sports broadcasting sector. “Unite8 Sports will include emerging formats, prestigious properties, and high-engagement content,” stated Zee in a release.
Indian Metals & Ferro Alloys Ltd. (IMFA) has acquired a 26% equity stake in renewable energy firm EG Urja Strot Private Limited for approximately ₹110.18 crore. The firm has entered into a 29-year Power Purchase Agreement (PPA) with EG Urja Strot under the captive consumer framework outlined in the Electricity Act of 2003 and related rules, to ensure renewable energy supply for its ferro chrome operations. This acquisition will secure 65 MW of hybrid renewable energy through a long-term captive arrangement, with an indicative project completion timeline set for June 2027.
Tata Elxsi has introduced ViTel, a Material Intelligence solution designed for medical device manufacturers. This initiative was co-developed with Viridium AI, a platform specializing in material intelligence. ViTel will be formally showcased at DeviceTalks Boston 2026, where Tata Elxsi will present its latest advancements in AI-driven medical technology engineering and compliance.
Solar panel manufacturer Saatvik Green Energy Ltd has secured orders valued at ₹171.45 crore from a domestic independent power producer and an engineering, procurement, and construction (EPC) firm for the supply of solar photovoltaic (PV) modules.
GPT Infraprojects Ltd has been awarded a contract worth ₹72 crore by PCMM, Eastern Railway, for the delivery of Pre-Stressed Concrete (PSC) sleepers. This order entails the supply of sleepers across various divisions of Eastern Railway and is set to be executed over 730 days from the date appointed.
Published on May 27, 2026.
