Board of TeleCanor Global approves exploring development of industrial park

Board of TeleCanor Global approves exploring development of industrial park


At meeting held on 25 March 2026

The board of TeleCanor Global at its meeting held on 25 March 2026 has approved exploring the development of an industrial park project on a land parcel admeasuring approximately 72 acres owned by the Company, situated in Rambilli Mandal, Anakapalli District, Andhra Pradesh, in a short distance from the proposed Google AI hub. The proposed project is aligned with the Company’s strategy to explore value creation opportunities from its existing land assets and to diversify its business operations over the long term.

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First Published: Mar 25 2026 | 3:31 PM IST



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Board of TeleCanor Global approves exploring development of industrial park

MOTHERSON enters into JV with Hellmann in Dubai


Samvardhana Motherson International (Motherson) has signed a joint venture agreement with Hellmann Worldwide Logistics (MESA) Holding (Hellmann), one of the largest family-owned international logistics providers.

The JV company, which is to be incorporated in Dubai, will provide integrated supply chain solutions tailored to the global automotive industry. The joint venture will deliver innovative, efficient and sustainable logistics solutions tailored to the global automotive industry’s evolving supply chain needs.

By combining Hellmann’s global logistics network and technology capabilities with Motherson’s deep automotive supply chain expertise, the partnership will provide access to more than 30,000 global suppliers and trusted OEM relationships. The JV will also help deliver greater stability, predictability, and efficiency across global logistics operations and spending. Both companies are committed to carbon net-zero targets and will leverage their expertise and technologies to support industry-wide sustainability initiatives.

 

The joint venture will support Motherson’s growing global manufacturing footprint and the broader automotive ecosystem while strengthening Hellmann’s global automotive logistics capabilities.

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First Published: Mar 25 2026 | 2:04 PM IST



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Board of TeleCanor Global approves exploring development of industrial park

Pound stays pressured against dollar; UK inflation comes in at 3% on year in February


The British pound continues to gain traction from a four month low but still is seen pressured against dollar even as UK inflation came in line with expectation. UK headline Consumer Price Index (CPI) rose 3.0% over the year in February, compared to a rise of 3.0% in January, the data released by the Office for National Statistics (ONS) showed on Wednesday. The core CPI (excluding volatile food and energy items) climbed 3.2% year-over-year in the same period, compared to Januarys 3.1% print and came in above the forecast of 3.1%. Meanwhile, the monthly UK CPI arrived at 0.4% in February versus a decline of 0.5% reported in January, in line with the market consensus. Currently GBP/USD is trading at $1.3383, almost flat on the day but reducing some losses. Despite a hawkish outlook by BoE amid firm inflation levels, geopolitical risks in play is keeping greenback supported amid safe-haven demand. Also, bets for rate hikes by the Federal Reserve (Fed) amid inflation fears weighs on the GBP/USD pair. On the NSE, GBP/INR futures are seen quoting at 125.80, down 0.38% on the day.

 

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First Published: Mar 25 2026 | 1:31 PM IST



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Board of TeleCanor Global approves exploring development of industrial park

Central Mine Planning & Design Institute IPO ends with 1.05 times subscription


The offer received bids for 8.37 crore shares as against 7.97 crore shares on offer.

Central Mine Planning & Design Institute received bids for 8,37,16,560 shares as against 7,97,89,500 shares on offer. The issue was subscribed 1.05 times.

The issue opened for bidding on 20 March 2026 and it closed on 24 March 2026. The price band of the IPO is fixed between Rs 163 and 172 per share.

The qualified institutional buyers (QIBs) portion was subscribed 3.48 times, the non-institutional investors (NII) category was subscribed 0.35 times and the retail individual investors category was subscribed 0.33 times.

The issue had comprised an offer for sale of 107,100,000 equity shares of Rs 2 face value by the promoters of the company, i.e., Coal India. The offer, being only for sale, did not result in any proceeds accruing to the company apart from listing benefits.

 

Central Mine Planning & Design Institute (CMPDI), a wholly owned subsidiary of Coal India, is a leading mining consultancy firm in India, providing end-to-end services across exploration, mine planning, environmental management and geomatics. The company plays a key advisory role to the Ministry of Coal and holds a dominant market share of around 61%, with a strong order book of about Rs 925 crore as of December 2025.

Ahead of the IPO of Central Mine Planning & Design Institute on 19 March 2026, the company raised Rs 469.74 crore from anchor investors by allotting 2.73 crore shares at Rs 172 each to 22 anchor investors.

For the nine months ended 31 December 2025, the firm recorded a consolidated net profit of Rs 425.36 crore and sales of Rs 1,489.65 crore.

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Board of TeleCanor Global approves exploring development of industrial park

ITCONS E-Solutions gains after bagging Rs 2-cr order from Ministry of Defence


ITCONS E-Solutions rose 1.15% to Rs 269 after the company announced that it has secured a manpower outsourcing services contract worth Rs 1.71 crore from the Directorate General of Defence Estates under the Ministry of Defence.

The contract involves the deployment of 45 personnel for a period of one year and is valued at Rs 1.71 crore, inclusive of all applicable taxes and duties.

The agreement is scheduled to commence on 1 May 2026 and will remain in force until 30 April 2027, with a provision for extension upon mutual consent.

The company stated that the order marks a significant milestone and reflects continued trust from government agencies.

 

ITCONS further clarified that its promoters and promoter group entities have no interest in the awarding authority, and the contract does not fall under related-party transactions as per regulatory norms.

ITCONS E-Solutions is engaged in the business of recruitment and staffing services.

On a standalone basis, the company’s net profit advanced 115.50% to Rs 2.78 crore on 129.13% surge in net sales to Rs 40.19 crore in H1FY26 over H1FY25.

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First Published: Mar 25 2026 | 11:31 AM IST



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Board of TeleCanor Global approves exploring development of industrial park

Tata Power commissions South East UP Power Transmission Company (SEUPPTCL) project


Comprising of seventeen 765 kV and 400 kV corridors spanning 1,517 circuit kilometres

Tata Power today announced the successful commissioning of two transmission lines – 400 Kilovolt (Kv) Tanda-Gonda and 400kV Gonda-Basti double circuit spanning 154 circuit kilometres (Ckm) in Uttar Pradesh. With this milestone, the Company’s has now successfully commissioned all Extra High Voltage (EHV) transmission lines and substations under South East UP Power Transmission Company (SEUPPTCL) project. The network now comprises three 765 kV lines comprising 951 Ckm, fourteen 400 kV lines comprising 566 Ckm, and three 765/400 kV substations with 3460 MVA Transformation capacity across the state.

The commissioning of four transmission assets namely 765 kV Mainpuri-Bara Single Circuit Line, 765 kV Mainpuri-Unnao Single Circuit Line, 400 kV Tanda-Gonda and 400Kv Gonda Basti double circuit line will enable the safe and reliable evacuation of over 4,000 MW of thermal power generated within Uttar Pradesh. The project will support the state’s growing electricity demand while enhancing grid stability and ensuring long-term energy security.

 

SEUPPTCL is part of Resurgent Power Ventures, a joint venture led by Tata Power along with ICICI Bank and global investors. The project was acquired as part of the resolution of stressed assets in the power sector.

The project commissioning of 765 kV Mainpuri-Bara Single Circuit Line (380 Ckm), 765 kV Mainpuri-Unnao Single Circuit Line (194 Ckm), 400 kV Tanda-Gonda and 400kV Gonda Basti double circuit spanning 154 circuit kilometres (Ckm) involved extensive planning and execution, including: Deployment of over 45,000 metric tonnes of tower steel; Stringing of more than 8,600 kilometres of conductors; Execution of 139 critical crossings, including existing transmission lines, railway tracks, gas pipelines, highways, and rivers; Construction across forest areas in full compliance with environmental and statutory norms.

The successful completion of these projects marks a significant step in strengthening Uttar Pradesh’s transmission infrastructure and ensuring reliable and efficient power supply across the region.

With the commissioning of these seventeen 765 kV and 400 kV corridors spanning 1,517 circuit kilometres, Tata Power’s total operational transmission network has expanded to 5,466 circuit kilometres, with an additional 1,863 circuit kilometres currently under construction. This growing portfolio highlights the company’s strengthening role in building and modernising India’s high-voltage transmission backboneat a time when robust grid capacity is essential to sustaining the country’s economic growth.

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