Shripad Naik, Minister of State for Power and New & Renewable Energy, has inaugurated a 45 kW On-Grid Solar Power System at a water pumping station in North Goa district as part of IREDA’s CSR initiative. This project is projected to generate approximately 60,000 units annually, achieving 100% solarisation of the pumping load. It aims to demonstrate the sustainable potential of renewable energy in powering public water distribution systems.
HCL Infosystems Ltd has initiated arbitration proceedings against the Unique Identification Authority of India (UIDAI) to recover dues related to its Managed Service Provider (MSP) services from August 7, 2019, to August 6, 2021. The monetary relief awarded amounts to ₹102.81 crore, which includes interest at 10% per annum until the date of the award, along with future interest at the same rate until full recovery.
Infosys has partnered with Telenor Shared Services (TSS) to standardize HR processes and enhance employee productivity and experience through the implementation of the Oracle Cloud Human Capital Management (HCM) solution. TSS is a global business services organization providing systems, services, and support to the Telenor Group.
Avenue Supermarts (DMart) has successfully raised ₹200 crore through the issuance of Commercial Paper with a tenure of 82 days and a coupon rate of 6%. This Commercial Paper has been assigned a credit rating of ICRA A1+.
Tamilnad Mercantile Bank (TMB) announced a strategic partnership with Wegofin Digital Solutions Pvt Ltd to enhance digital banking and financial services for businesses across India. Wegofin Digital Solutions is a next-generation financial technology platform provider offering integrated solutions for banking, payments, accounting, and compliance. Under this collaboration, Wegofin will act as a Technology Service Provider for TMB.
Varun Beverages has acquired a 26% equity stake in Jager Renewables Two, a special purpose vehicle aimed at generating and supplying solar power to consumers in Rajasthan. The investment of ₹26,000 will facilitate solar power supply for Varun Beverages’ facilities located in Kota, Alwar, Jaipur, Jodhpur, and Bhiwadi, contributing to environmental sustainability and reducing power costs.
Krystal Integrated Services Ltd (KISL), a prominent provider of integrated facility management solutions, has secured contracts valued at approximately ₹157 crore from the Directorate of Education. These contracts encompass sanitation and security services to be executed over a two-year period beginning October 16, 2025, and concluding on October 15, 2027.
The Kendadih Mining Lease Deed has been formalized between Hindustan Copper Ltd (HCL) and the District Commissioner of Jamshedpur, effective October 4, 2025, for a duration of 20 years. This agreement is a pivotal step toward the reopening and commencement of copper ore production at the Kendadih Copper Mine, which is crucial for enhancing copper production in the region.
Bansal Wire Industries has reported a fire incident at its plant on NTPC Road in Gautam Buddh Nagar, which has temporarily disrupted operations in C Shed. The company confirmed that there were no injuries or fatalities associated with the incident.
JSW Energy Ltd has successfully commissioned 114 MW of renewable energy capacity in September, comprising 21 MW of solar capacity and 93 MW of wind capacity, raising its total installed capacity to 13,211 MW.
Ceigall India has received a Letter of Award from Maharashtra State Electricity Distribution Co. Ltd dated October 2, 2025, to establish solar photovoltaic power plants with a total capacity of 147 MW (AC) under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. The project, including construction and operation under a long-term Power Purchase Agreement (PPA), is estimated at ₹597 crore (including GST).
Ravindra Energy has obtained two Letters of Award from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to develop and operate decentralized feeder-level photovoltaic solar projects totaling 120 MW (AC). These projects, distributed across 23 substations, will be governed by a 25-year PPA with MSEDCL.
Insolation Green Energy Pvt Ltd, wholly owned by Insolation Green Energy, has established five new wholly owned subsidiaries: EGRJ Green Infra Private Ltd, GJPN Green Infra Private Ltd, JGVR Green Infra Private Ltd, HGJP Green Infra Private Ltd, and PDGN Green Infra Private Ltd on October 3, to serve as special purpose vehicles for developing solar power plants.
Panorama Studios International’s subsidiary, Panorama Studios Inflight LLP, has signed an Airborne License Agreement with Solaris Pictures. This agreement grants exclusive Airborne Rights for the Hindi language film “Kuch Sapney Apne,” featuring Mona Ambegaonkar and Shishir Sharma, and directed by Sridhar Rangayan and Saagar Gupta. Panorama Studios International continues to operate primarily in Entertainment, Media & Film Production.
As part of its growth strategy, Kranti Industries Ltd executed a Memorandum of Understanding with KORES GROUP on October 4 to establish a new joint venture company in Halol, Gujarat. Kranti Industries will hold a 35% stake in the proposed JV, which will focus on machining critical casting components.
Published on October 6, 2025
