Bharat Heavy Electricals (BHEL) has achieved yet another milestone in Bhutan with the successful commissioning of two units of the 6×170 MW Punatsangchhu-II Hydroelectric Project (PHEP-II). In a notice to the exchanges, the PSU major said PHEP-II is a greenfield hydro project located in the Wangdue district of Western Bhutan. Significantly, the Francis Turbine installed in the project is designed to operate at a rated head of 241 meters – the highest for any Francis Type Hydro Turbine in Bhutan. On commissioning of all six units, the expected annual power generation will be 4,357 gigawatt-hours. Unit 1 and 2 of the 6×170 MW PHEP-II were synchronised on December 16, 2024 and December 17, 2024, respectively.

PI Industries has received an Order from the Commissioner of Customs (NS-III), JCNH, Nhava Sheva. The order is related to classification dispute under the Customs Tariff for input material imported by the company during July 21, 2018, 24 November 2022. The Order is passed levying the liability as: differential customs duty of ₹38.91 crore along with interest; and p enalties on account of differential customs duty and redemption fine up to ₹43.91 crore.

Solex Energy Ltd has achieved an outstanding 103% revenue growth in the current financial year. The company reported consolidated revenue of ₹408 crore, reflecting an impressive 103% increase from the previous year for the same period. The company is set to achieve its highest-ever revenue, driven by robust performance across all business verticals.

Lupin has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (US FDA) for its Pithampur Unit-1 manufacturing facility that manufactures both APIs and finished products.

The Reserve Bank has lifted the business restrictions placed on Chennai-based Asirvad Micro Finance, and New Delhi-based DMI Finance with immediate effect. In October last year, the central bank ordered four NBFCs to cease and desist from sanction and disbursal of loans, on material supervisory concerns, including usurious pricing. Asirvad Microfinance is microlending arm of Manappuram Finance.

The board of Kellton Tech Solutions has approved raising of funds through issue and allotment of up to 55 lakhs warrants, convertible into one share of face value of ₹5 each, to certain promoter and non-promoter investors, on preferential basis, at ₹153.63 a warrant, aggregating up to maximum amount of about ₹84.50 crore.

The board of Kotak Mahindra Bank will meet on January 18 to consider, approve and take on record the consolidated and standalone unaudited financial results for the quarter and nine months ended December 31, 2024; and consider a proposal for raising funds by way of issuance of unsecured, redeemable, non-convertible debentures, on a private placement basis.

MOIL Ltd has received an order from the Collector of Balaghat imposing penalty of ₹16.77 crore in respect of excess production in Tirodi Mine beyond Environmental Clearance(EC)/consent to operate (CTO) during the years 1993-94 to 1995-96 and 2006-07 to 2008-09. The company will file an appeal before the appellate authority against the said order. There is no impact on the operations or other activities of the company due to the order, MOIL said in a release.

United Spirits has received a GST demand order worth ₹1.1 crore for September 2017 to March 2020 from the Office of the State Tax Officer, Taxpayer Service Circle, Alappuzha, Kerala.

The board of Zee Media Corporation is scheduled to be held on January 13 to inter-alia discuss and consider raising of funds, in one or more tranches, by issue of equity shares and/or any other instruments or eligible securities representing either equity shares and/or convertible securities linked to equity shares or through any other permissible mode or a combination thereof, including by way of further public issue, right issue, ADRs/ GDRs/ FCCBs, debt issue, preferential allotment, private placement, qualified institutions placement, or any other method.

Control Print Ltd has incorporated a wholly owned subsidiary, ‘Control Print MEA FZE’ in Hamriyah Free Zone, United Arab Emirates. The object of the proposed incorporation is strategic investment to have access to Global Market, it said.