NTPC Green Energy’s subsidiary NTPC Renewable Energy has bagged a 500 MW solar project from Solar Energy Corporation Of India (SECI). The auction, held on Monday also includes the establishment of Energy Storage Systems (ESS) with a total capacity of 1,000 MW/4,000 MWh.

HDFC Bank has leased 416,000 sq ft of office space in the Gigaplex complex, located in the Mindspace property of K Raheja Corp in Airoli, Navi Mumbai, for a period of 10 years. , for a total contractual value of more than ₹320 crore for 10 years.

Adani Ports and SEZ said it will use its own resources to fund a Sri Lankan port project and not seek US funding. The company said the project “is on track for commissioning by early next year” and added that the company will fund the ongoing project through “internal accruals”, aligning with its capital management strategy.

Reliance Power has announced setting up its renewable energy business arm Reliance NU Energies and appointed Mayank Bansal as Chief Executive Officer and Rakesh Swaroop as Chief Operating Officer of the subsidiary.

Indian Overseas Bank said it had received an order confirming a refund of Rs 1,359.29 crore for the assessment year 2015-16, including interest under Section 244A.

HG Infra Engineering  has received a letter of acceptance from the Ministry of Road Transport and Highways (MoRTH) for upgrading the newly-declared NH-227B Bahuvan Madar Majha to Jagarnathpur, known as ’84 Kosi Parikrama Marg,’ in Uttar Pradesh.

BEML Limited on Tuesday said it has secured a contract from the defence ministry to supply a 50-tonne Trailer valued at Rs 83.51 crore. The order highlights BEML’s strength and capability in delivering advanced, indigenous products to enhance India’s defence infrastructure, the public sector undertaking under the Ministry of Defence said in a statement. The heavy-duty Trailer is specifically designed for the transportation of battle tanks and features 12 twin wheels for durability and stability in challenging terrains.

Bajaj Auto on Tuesday said it is conducting a comprehensive investigation into an incident of “smoke emission” from a component of its electric scooter Chetak at Chhatrapati Sambhajinagar (erstwhile Aurangabad) in Maharashtra on December 5 to determine the root cause. The company also said that as a manufacturer, it is “committed” to maintaining high-quality products to ensure customer safety. An incident involving a Chetak electric scooter was reported in the afternoon hours of December 5 at Chhatrapati Sambhaji Nagar. As soon as this was brought to our attention, the dealer partner took swift action by moving the vehicle to the service centre for a thorough investigation,” Bajaj Auto Ltd said in a statement.

Auto parts maker Shriram Pistons & Rings Ltd (SPRL) has announced plans to acquire a 100 per cent stake in TGPEL Precision Engineering at an enterprise value of Rs 220 crore on debt-free cash-free basis. The deal, subject to regulatory approvals, is expected to be completed this month and will be a step further towards the company’s focus to consolidate and strengthen its position in the manufacturing of high-precision injection moulded components, Shriram Pistons & Rings said.