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Indian Oil Corporation, Maruti Suzuki India and J Kumar Infraprojects to see some action today
Oct-15-2024

In a landmark step towards fostering sustainable energy solutions in India, Indian Oil Corporation (IOCL) has entered into a Joint Venture Agreement with EverEnviro Resource Management, a leading biofuels company in the country. This association will pave the way for the formation of a 50:50 joint venture company dedicated to advancing biofuel adoption across the country. The joint venture will focus on integrating advanced biogas technologies to convert organic waste into Compressed Biogas (CBG), a cleaner and renewable energy source. 

Embracing the festive fervour, Maruti Suzuki India (MSIL) has introduced the new Baleno Regal Edition. The new special edition version will be available across all variants of the New Age Baleno, including the automatic and CNG variants. The Baleno Regal Edition is tailored to elevate the appeal of the popular premium hatchback with enhanced cabin comfort and stylish design elements to lend a personalised touch. 

J Kumar Infraprojects has received work order for the project of Development of Mula river from Wakad bypass to Sangvi bridge (stretch 1,2,3) from Pune Municipal Corporation for the total contract cost amounting to Rs 297.83 crore (Excluding GST and Royalty).  

HCL Technologies (HCLTech) has raised its FY25 revenue growth guidance, expecting to grow between 3.5 per cent and 5 per cent. On consolidated basis, the company posted a net profit of Rs 4,237 crore for Q2 FY25, up 10.54 per cent year-on-year..

IFGL Refractories has entered into a Joint Venture Agreement with Marvels International Group Co of Seychelles and Marvel Refractories (Anshan) Company of P R China to set up a Joint Venture Company in India with limited liability for setting up green field facility for manufacture of (a) Basic Fired Magnesite Spinel Bricks, (b) Basic Fired Magnesite Bricks and (c) Fired Magnesia Chrome Bricks in India.

Kinetic Engineering is planning to invest Rs 30 crore in its subsidiary -- Kinetic Watts and Volts as it looks to focus on expanding research, development, and manufacturing capabilities of the new venture. This strategic infusion builds upon the company's initial investment of Rs 18.5 crore, raising the total investment to Rs 48.5 crore. The investment will enable the company to create efficient, reliable, and advanced electric mobility solutions for its customers in the Indian market. 

Atul Greentech, subsidiary of Atul Auto, has partnered with Jio Platforms to provide electric vehicle solutions globally. This collaboration leverages IoT technology for enhanced telematics and vehicle monitoring, positioning Atul Auto favorably in the growing electric vehicle market.

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