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REC Limited Board to Consider Interim Dividend on October 17, 2025

The Board of Directors of REC Limited is scheduled to meet on October 17, 2025, to consider and approve the unaudited financial results for the quarter and half-year ended September 30, 2025. The board will also consider declaring a 2nd interim dividend for the financial year 2025-26, if any. The trading window for REC’s equity shares will open on October 20, 2025.

Board Meeting Announcement

A meeting of the Board of Directors of REC Limited will take place on Friday, October 17, 2025. Key items on the agenda include:

  1. Consideration and approval of unaudited financial results (standalone & consolidated) for the quarter and half-year ended September 30, 2025.
  2. Possible declaration of a 2nd Interim Dividend for the financial year 2025-26.

Trading Window Closure

As per the company’s code of conduct, the trading window for dealing in REC’s equity shares was closed from October 1, 2025, and will remain closed until October 19, 2025. The trading window will reopen on October 20, 2025.

Important Dates

  • Board Meeting Date: October 17, 2025
  • Trading Window Closure: October 1 – October 19, 2025
  • Trading Window Re-opens: October 20, 2025

Source: BSE

Bharti Airtel Partners with Google to Launch India’s First Mega AI Hub

Bharti Airtel has partnered with Google to establish India’s first mega AI hub and data center in Visakhapatnam. Google plans to invest approximately $15 billion (USD) over five years (2026-2030) in the project. Airtel and Google will jointly establish a purpose-built data center and a state-of-the-art Cable Landing Station. This partnership aims to boost digital infrastructure and innovation across India.

Strategic AI Partnership

Bharti Airtel and Google have announced a strategic partnership to set up India’s first Artificial Intelligence (AI) hub in Visakhapatnam, Andhra Pradesh. This initiative aims to accelerate the adoption of AI across India and strengthen the country’s digital infrastructure.

Investment and Infrastructure

Google’s investment in the AI hub is approximately $15 billion (USD) over five years (2026-2030). This includes gigawatt-scale data center operations, supported by a subsea network and clean energy sources.

Airtel and Google will jointly establish a purpose-built data center in Visakhapatnam, along with a Cable Landing Station (CLS) to host Google’s new international subsea cables. Airtel will also develop an intra-city and inter-city fiber network as part of this project.

Expected Outcomes

The high-capacity, low-latency network is expected to deliver faster experiences to Google users and customers, enhance the resilience of India’s digital backbone, and promote digital inclusion and transformation across the country. This initiative aims to bring the benefits of AI to more people and businesses nationwide.

Executive Commentary

Gopal Vittal, Vice Chairman and Managing Director of Bharti Airtel Limited, stated that the partnership with Google is a defining moment in India’s digital future. He emphasized that combining world-class AI infrastructure with the nation’s talent will lay the foundation for India to become a leader in the AI-driven era.

Thomas Kurian, CEO of Google Cloud, mentioned that meeting the demands of India’s AI Mission requires cutting-edge infrastructure, computational power, and connectivity. He added that working with Airtel will deliver next-generation AI services and create the essential digital backbone needed to power inclusive growth across India.

Source: BSE

Akums Drugs Certificate on Depositories and Participants Regulations Compliance

Akums Drugs and Pharmaceuticals has received a certificate confirming compliance with SEBI’s Depositories and Participants Regulations for the quarter ending September 30, 2025. The certificate, received from MUFG Intime India, Registrar & Share Transfer Agent (RTA), confirms that the company has adhered to the regulations regarding dematerialization of securities.

Compliance Confirmation

Akums Drugs and Pharmaceuticals has received confirmation of compliance with the Depositories and Participants Regulations. This relates to the handling of securities for dematerialization.

Key Highlights

The certificate, provided by MUFG Intime India Private Limited, the Registrar & Share Transfer Agent (RTA), covers the period ending September 30, 2025.

MUFG Intime’s Confirmation

MUFG Intime confirms that securities received for dematerialization during the quarter were properly handled. This includes confirming acceptance/rejection to the depositories, ensuring listed securities, and proper cancellation/mutilation of certificates after verification.

Source: BSE

Hexaware Technologies Allotment of Equity Shares to Employees

Hexaware Technologies has announced the allotment of 9,000 equity shares to identified employees. The shares have a face value of Rs. 1 each and are part of the Hexaware Employees Stock Option Plan 2015. This allotment has been approved by the Board of Directors. The information is available on the company’s website.

Equity Share Allotment

Hexaware Technologies has approved the allotment of equity shares to its employees, as confirmed in an official announcement dated October 14, 2025.

Details of the Allotment

The Board of Directors of the Company have approved the allotment of 9,000 equity shares. Each share has a face value of Rs. 1. These shares were allotted to identified employees as part of the Hexaware Employees Stock Option Plan 2015, and also includes employees of Subsidiary Company.

Additional Information

Further information can be found on the company’s website.

Source: BSE

Hexaware Executive Leadership Changes Announced

Hexaware has announced changes to its senior management, effective October 14, 2025. Mr. Hariharan Srinivasan is appointed interim Chief People Officer, replacing Ms. Nita Nambiar. Mr. Siddharth Dhar will head AI Practice alongside his role as President of Digital IT Operations. Mr. Eravi Gopan has been appointed as President and head of Hi-Tech Vertical, effective October 20, 2025.

New Interim Chief People Officer

Mr. Hariharan Srinivasan has been appointed as the interim Chief People Officer (CPO), effective November 16, 2025. He will be replacing Ms. Nita Nambiar, whose last day as CPO will be November 15, 2025. Mr. Srinivasan brings 30 years of HR experience and will focus on workforce planning and employee engagement.

AI Practice Leadership

Mr. Siddharth Dhar, President and head of Digital IT Operations (DITO), will now also lead the AI Practice, effective October 14, 2025. With over two decades of experience in technology and digital transformation, Mr. Dhar will integrate AI and agentic AI Ops into Hexaware’s service offerings.

Hi-Tech Vertical President Appointed

Mr. Eravi Gopan has been appointed President and head of the Hi-Tech Vertical, effective October 20, 2025. Mr. Gopan has over 25 years of experience in the technology and SaaS sectors and will focus on driving revenue growth and scaling high-growth businesses.

Source: BSE

Adani Enterprises Google Partnership for India’s Largest Data Centre Campus

Adani Enterprises and Google have partnered to develop India’s largest AI data centre campus in Visakhapatnam. The project includes next-generation data centre development and green energy infrastructure. Google’s investment is approximately USD 15 billion over five years. The data center will be supported by clean energy and a robust subsea cable network. This initiative aims to drive AI advancements in India.

Strategic AI Data Centre Collaboration

Adani Enterprises, through AdaniConneX, and Google are collaborating to build India’s largest AI data centre campus in Visakhapatnam, Andhra Pradesh. This partnership focuses on developing a next-generation data centre campus and green energy infrastructure, fostering AI-driven growth in India. The announcement was made on October 14, 2025.

Google’s Investment and Vision

Google’s AI hub in Visakhapatnam represents an investment of approximately USD 15 billion over five years (2026-2030). The project includes gigawatt-scale data centre operations, supported by a robust subsea cable network and clean energy solutions. This infrastructure aims to support demanding AI workloads across India. Key ecosystem partners include AdaniConneX and Airtel.

Infrastructure and Sustainability Commitment

The Google AI hub developed with AdaniConneX will feature purpose-built AI data centre infrastructure in Visakhapatnam, significantly increasing compute capacity to advance India’s AI capabilities. The project includes co-investments in new transmission lines, clean energy generation, and innovative energy storage systems in Andhra Pradesh, enhancing grid resilience and capacity. The data centre will utilize green energy sources.

Statements from Leadership

Mr. Gautam Adani, Chairman of the Adani Group, stated, “The Adani Group is proud to partner with Google on this historic project that will define the future of India’s digital landscape… This partnership is a testament to our shared vision of nation-building and our commitment to empowering every Indian.”

Mr. Thomas Kurian, CEO, Google Cloud, added, “To unlock India’s massive potential in the AI age, we are investing in the Google AI hub… Working with Adani, we will bring our cutting-edge resources closer to communities and customers alike.”

Economic Impact and Job Creation

The AI hub and connectivity gateway are expected to drive economic growth in Visakhapatnam and Andhra Pradesh. The development aims to promote digital inclusivity and create tens of thousands of jobs in technology, construction, and clean energy sectors.

Source: BSE

Bharti Airtel Partners with Google to Launch India’s First Mega AI Hub

Bharti Airtel and Google have partnered to establish India’s first mega AI hub and data center in Visakhapatnam. Google will invest approximately $15 billion (USD) over five years (2026-2030). The collaboration aims to boost India’s digital infrastructure, drive innovation, and promote digital inclusion nationwide, leveraging Airtel’s network and Google’s AI capabilities.

Strategic AI Hub Partnership

Bharti Airtel (Airtel) has announced a strategic partnership with Google to launch India’s first Artificial Intelligence (AI) hub in Visakhapatnam, Andhra Pradesh. This initiative aims to accelerate the adoption of AI across India, strengthen digital infrastructure and bring Google’s AI services closer to Indian businesses.

Google’s Multi-Billion Dollar Investment

Google will invest approximately $15 billion (USD) over five years (2026-2030) in Visakhapatnam. The investment supports gigawatt-scale data center operations, a robust subsea network, and clean energy solutions. The project will also involve close collaboration with ecosystem partners like Airtel and AdaniConneX.

Joint Development of Data Center and Cable Landing Station

Airtel and Google will jointly establish a purpose-built data center in Visakhapatnam, along with a state-of-the-art Cable Landing Station (CLS) to host Google’s new international subsea cables. Airtel will also develop a robust intra-city and inter-city fiber network as part of the project. This network aims to deliver faster experiences to Google users and customers.

Executive Perspectives

Gopal Vittal, Vice Chairman and Managing Director of Bharti Airtel Limited, stated that this partnership marks a defining moment in India’s digital future. He added that it combines world-class AI infrastructure with India’s talent to make India a leader in the AI-driven era.

Thomas Kurian, CEO of Google Cloud, emphasized the importance of cutting-edge infrastructure and computational power for India’s AI Mission. He also stated that the collaboration with Airtel will deliver next-generation AI services and create the essential digital backbone required for inclusive growth across India.

Source: BSE

KEC International Secures New Order Worth ₹1,064 Crore in International T&D

KEC International Ltd. has secured a new order worth ₹1,064 crore for a Design, Supply, and Installation of a 380 kV Transmission line in Saudi Arabia. This new order strengthens KEC’s international T&D business and increases the company’s YTD order intake to over ₹15,000 crore. The Middle East continues to be a strategic growth driver for the company.

International T&D Order Secured

KEC International Ltd., a global infrastructure EPC major, announced on October 14, 2025, that it has secured a new order valued at ₹1,064 crore. The order specifically pertains to the Design, Supply, and Installation of a 380 kV Transmission line project located in Saudi Arabia. This win underscores the company’s robust capabilities in the international market.

Strategic Growth in the Middle East

According to Mr. Vimal Kejriwal, MD & CEO of KEC International Ltd., the company is pleased with the continuous inflow of orders, especially in the T&D business. The wins in Saudi Arabia, combined with earlier wins in the Middle East, have strengthened the international T&D order book. He also noted that the Middle East region remains a strategic growth driver for KEC International. This order brings the company’s Year-to-Date (YTD) order intake to over ₹15,000 crore.

Source: BSE

Indian Renewable Energy Development Agency Interim Financial Results, September 2025

Indian Renewable Energy Development Agency (IREDA) has released its consolidated interim financial results for the period ended September 30, 2025. The report details the company’s financial performance, assets, liabilities, and equity. It reflects financial gains and strategic decisions impacting the renewable energy sector financing. The audit was conducted by Shiv & Associates and Rao & Emmar, Chartered Accountants. Full details on key financial indicators are provided.

Financial Performance Overview

Indian Renewable Energy Development Agency (IREDA) reported a total income of ₹4,017.69 crores for the half-year ended September 30, 2025. This includes revenue from operations and other income, showcasing the company’s financial activities in the renewable energy sector.

Key Financial Metrics

  • Revenue From Operations: ₹4,004.88 crores
  • Other Income: ₹12.81 crores
  • Total Expenses: ₹3,016.46 crores
  • Profit Before Tax: ₹1,001.23 crores
  • Total Equity: ₹12,922.15 crores

Asset and Liability Details

As of September 30, 2025, IREDA’s financial position includes:

  • Total Financial Assets: ₹85,143.78 crores
  • Total Non-Financial Assets: ₹2,652.13 crores
  • Total Financial Liabilities: ₹72,242.05 crores

Emphasis of Matter

The report includes emphasis of matter related to loan classifications and risk weight assignments, with details on interest income recognition and credit risk assessments, along with their impact on the financial statements. The statutory disclosures have been made accordingly.

Auditor’s Opinion

The auditors’ report indicates that the consolidated interim financial statements provide a true and fair view in conformity with accounting standards and principles generally accepted in India. The audit was conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act.

Source: BSE

Usha Martin Achieves EcoVadis Bronze Medal for Sustainability

Usha Martin has been awarded the Bronze Medal by EcoVadis, recognizing the company’s commitment to sustainability. This achievement places Usha Martin among the top 35% of companies assessed by EcoVadis globally. The company achieved an overall score of 63 out of 100, reflecting its performance in environmental, social, and ethical practices. The rating was communicated to Usha Martin on October 13, 2025.

EcoVadis Bronze Recognition

Usha Martin has been recognized for its sustainability efforts, receiving the Bronze Medal from EcoVadis. This award acknowledges Usha Martin’s performance as a responsible and sustainable organization.

Sustainability Rating Details

The Bronze Medal reflects Usha Martin’s dedication to incorporating sustainable practices within its operations. EcoVadis has recognized Usha Martin as being within the Top 35% of companies rated by them. Usha Martin received an overall score of 63. This rating was communicated to the company on October 13, 2025.

Source: BSE