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Tata Power: Collaborates with Suzlon to Develop 838 MW Wind Energy Projects

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Tata Power Renewable Energy Limited (TPREL) has partnered with Suzlon to co-develop wind energy projects with a combined capacity of 838 MW. This collaboration will support TPREL’s renewable energy expansion across multiple states and contribute to India’s goal of achieving 500 GW of renewable energy capacity by 2030. The projects are scheduled for completion over the next few years.

Strategic Alliance for Renewable Growth

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has entered into an agreement with Suzlon Group for the supply of wind turbine generators totaling 838 MW. This alliance underscores TPREL’s commitment to India’s green energy transition. The wind turbines will support multiple projects in different states, with completion anticipated over the next few years.

Expanding Wind Energy Portfolio

This initiative strengthens TPREL’s role in achieving India’s renewable energy targets. TPREL’s wind energy portfolio exceeds 3.9 GW, including over 1 GW already operational and additional capacity under development across Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu. The partnership highlights TPREL’s focus on scaling up reliable, dispatchable, and economically viable wind-led clean energy projects.

Comprehensive Solution by Suzlon

Under the agreement, Suzlon will provide an end-to-end solution for these wind energy projects, leveraging their expertise in the wind energy sector. This marks the third strategic collaboration between TPREL and Suzlon, building upon a strong partnership established over a decade.

Tata Power’s Clean Energy Commitment

This collaboration supports Tata Power’s objective of achieving 100% clean energy by 2045. Currently, Tata Power’s renewable energy portfolio totals 15.7 GW, with 6.9 GW sourced from clean energy. This initiative further solidifies Tata Power’s commitment to sustainable energy solutions.

Source: BSE

Larsen & Toubro: Secures Major Order from NPCIL for Nuclear Power Project

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Larsen & Toubro’s Heavy Civil Infrastructure (HCI) business has secured a significant order from the Nuclear Power Corporation of India Ltd (NPCIL) for the Kudankulam Nuclear Power Project (KKNPP – 5 & 6). The project involves the mechanical package, including reactor and turbine systems. This win underscores L&T’s expertise in nuclear power infrastructure projects. The contract value falls within the ₹1,000 to ₹2,500 crore range.

Significant Order Secured

Larsen & Toubro (L&T) has announced that its Heavy Civil Infrastructure (HCI) business vertical has secured a substantial order from Nuclear Power Corporation of India Ltd (NPCIL). The official announcement was made on September 16, 2025. This significant order underscores L&T’s strong position in the nuclear power infrastructure sector.

Project Details

The order pertains to the 2X1000 MWe Kudankulam Nuclear Power Project (KKNPP – 5 & 6) located in Tamil Nadu. The scope of work includes the mechanical package for the project. This encompasses the installation of the nuclear reactor and turbine systems (including generator and condenser), sea water systems, polar and trestle cranes, and other related equipment. It also includes accessories, piping, supports, structural steelwork, painting, anti-corrosion coating, insulation, and full testing across various buildings and structures on the site.

Financial Significance

According to L&T’s project classification guidelines, this order falls under the ‘Significant’ category, which denotes projects valued between ₹1,000 to ₹2,500 crore. This win boosts L&T’s order book and reinforces its track record in delivering complex projects.

Strategic Impact

This order further reinforces L&T’s track record and proven expertise in delivering complex and large-scale nuclear power infrastructure projects for India’s clean energy mission. It highlights L&T’s commitment to contributing to the growth of India’s nuclear energy sector.

Source: BSE

Suzlon: Secures 838 MW Order from Tata Power Renewable Energy for FY26

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Suzlon Group has secured its largest order for FY26, an 838 MW project, from Tata Power Renewable Energy Limited (TPREL). The project encompasses 266 wind turbines across three states. This deal highlights the growing significance of wind energy in India’s renewable sector and marks Suzlon’s second-largest order, boosting its commitment to sustainable energy solutions.

Significant Order Details

Suzlon Group has announced its largest order for FY26, totaling 838 MW, from Tata Power Renewable Energy Limited (TPREL). This project is part of TPREL’s Firm and Dispatchable Renewable Energy (FDRE) initiative.

Project Scope and Components

The project will utilize 266 of Suzlon’s S144 wind turbines, each with a rated capacity of 3.15 MW. These turbines will be strategically located across:

  • Karnataka (302 MW)
  • Maharashtra (271 MW)
  • Tamil Nadu (265 MW)

This order is also Suzlon’s second-largest to date following a 1,544 MW order from NTPC Green Energy.

Strategic Importance

This project reinforces Suzlon’s role in India’s transition to reliable, grid-stable clean power. Suzlon aims to provide energy solutions that are both reliable and cost-efficient, integrating smoothly into India’s One Grid system.

Executive Commentary

Girish Tanti, Vice Chairman of Suzlon Group, stated that this order supports Tata Power Renewable Energy’s strategic goal to achieve 100% clean power by 2045. He highlighted the partnership, spanning over a decade, and emphasized the shared commitment to India’s energy transition. JP Chalasani, CEO of Suzlon Group, added that TPREL’s standards for technology and execution drive the industry forward, ensuring wind energy plays a vital role in delivering dispatchable clean power.

Source: BSE

IndusInd Bank: Head of Digital Banking & Strategy Resigns

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IndusInd Bank announces that Charu Sachdeva Mathur, Head of Digital Banking & Strategy, has resigned from her position, effective December 14, 2025. She is leaving to pursue new opportunities. The bank has formally acknowledged her resignation, as communicated via email on September 15, 2025. Her responsibilities will be transitioned as the bank moves forward with its digital strategy.

Management Change

Charu Sachdeva Mathur, who served as the Head of Digital Banking & Strategy at IndusInd Bank, has tendered her resignation. The effective date of her departure is December 14, 2025.

Reason for Departure

Ms. Mathur is resigning to explore new opportunities outside of the bank. The bank received her resignation via email on September 15, 2025. During her tenure, she oversaw digital banking initiatives and strategy.

Impact and Transition

The bank is taking steps to ensure a smooth transition following Ms. Mathur’s departure. The leadership team will be working to minimize any disruption to ongoing projects and strategic goals within the Digital Banking division.

Source: BSE

TBO Tek Limited: Investor Presentation on Global Travel Market Opportunity

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TBO Tek Limited has released an investor presentation detailing the company’s position within the global travel market. The presentation highlights key industry trends, TBO’s strategic advantages, and recent performance metrics. TBO is now among the top four global B2B travel distributors. The company reported ₹8,119 Cr in GTV for Q1’FY26, with revenue reaching ₹511 Cr.

Global Travel Market Overview

The presentation emphasizes the growing global outbound travel market, particularly within the premium segment. The global travel market is valued at approximately US $1.9 trillion. The premium outbound travel market is estimated at US $912 billion. The company aims to capitalize on this expansion through its technology platform.

TBO’s Strengths and Strategy

TBO Tek is focusing on the premium outbound travel segment. TBO’s technology platform connects travel buyers and suppliers globally. The company’s platform offers real-time access to a global travel inventory of over 1 Million+ hotels and 750+ airlines. TBO reported 30,000+ destinations sold. The platform supports 16 languages and facilitates transactions in various local currencies.

Financial Performance

The investor presentation included details on recent financial performance. For Q1’FY26, TBO Tek reported GTV of ₹8,119 Cr, a 2% YoY growth. Revenue reached ₹511 Cr. The number of active agents reached 39,030, a +10% increase and active bookers reached 50,369, a +12% increase.

Strategic Vectors for Growth

The company highlighted several strategic vectors for future growth, including expanding into new geographies, growing buyer segments, and diversifying its lines of revenue through new product lines.

Source: BSE

Zee Entertainment: Samrat Ghosh Resigns as Chief Cluster Officer

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Zee Entertainment Enterprises Limited announced the resignation of Mr. Samrat Ghosh from his position as Chief Cluster Officer – East, North & Premium Cluster, effective September 15, 2025. Mr. Ghosh resigned due to personal reasons. The company expressed gratitude for Mr. Ghosh’s contributions and wished him success in his future endeavors.

Key Management Change

Mr. Samrat Ghosh has resigned from his position as Chief Cluster Officer – East, North & Premium Cluster at Zee Entertainment Enterprises Limited, effective September 15, 2025. The resignation is due to personal reasons.

Acknowledgement of Contribution

Zee Entertainment acknowledged Mr. Ghosh’s contributions to the company and expressed their best wishes for his future endeavors.

Source: BSE

[MCX]: Baiju V. Budhwani Appointed Head of Department

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Multi Commodity Exchange (MCX) has announced the appointment of Mr. Baiju V. Budhwani as the Head of Department – Inspection and Audit, effective September 15, 2025. Mr. Budhwani will also serve as a Key Managerial Personnel. He brings over 24 years of experience in regulatory compliance and risk management.

Leadership Change at MCX

The Multi Commodity Exchange (MCX) has appointed Mr. Baiju V. Budhwani as Head of Department – Inspection and Audit, effective September 15, 2025. He will also take on the role of Key Managerial Personnel within the organization.

Experience and Expertise

Mr. Budhwani has extensive experience, with over 24 years in Regulatory Compliance, Operational Risk Management, Internal Audit/Controls, and Stakeholder & Regulatory liaison.

Previous Roles

Prior to joining MCX, Mr. Budhwani served as Vice President – Internal Controls and Compliance Officer at Axis Securities Ltd. He also brings experience from companies such as Vodafone Idea Ltd, Vodafone M-Pesa Ltd., HDFC Securities Ltd., and Aneja Associates.

Educational Background

Mr. Budhwani holds a Master’s degree in Management Studies in Finance, a Bachelor of Law (LLB), and a Bachelor of Commerce degree.

Source: BSE

Multi Commodity Exchange: Appoints Kavita Shrivastav as Chief Human Resource Officer

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Multi Commodity Exchange (MCX) has announced the appointment of Ms. Kavita Shrivastav as Chief Human Resources Officer, effective September 15, 2025. She will also serve as a Key Managerial Personnel. Ms. Shrivastav brings 23 years of experience across Fintech, Financial Services, Retail, and F&B sectors, previously working with Hitachi Payment Services and other large conglomerates.

New Leadership Announcement

Multi Commodity Exchange of India (MCX) is pleased to announce the appointment of Ms. Kavita Shrivastav to the position of Chief Human Resources Officer. The appointment takes effect on September 15, 2025. Ms. Shrivastav will also hold the role of Key Managerial Personnel within the organization.

Professional Background

Ms. Shrivastav holds an MBA Degree in Human Resources and has also completed the Strategic Human Resource course from IIM, Ahmedabad. She brings with her approximately 23 years of professional experience. Her expertise extends across a range of sectors including Fintech, Financial Services, Retail, and F&B.

Prior Experience

Before joining MCX, Ms. Shrivastav served as Director – Human Resources at Hitachi Payment Services. She also has experience working with Piramal Capital, Tata Capital, and Raymond Limited.

Source: BSE

Karur Vysya Bank: Participation in BFSI Investors Conference

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Karur Vysya Bank (KVB) announced its participation in the “BFSI yatra” Investors Conference, a physical group meet organized by ICICI securities. The conference is scheduled to take place on September 19, 2025, in Chennai. During the event, the bank will utilize publicly available documents for discussions, with no unpublished price-sensitive information (UPSI) expected to be shared.

Investors Conference Participation

Karur Vysya Bank (KVB) will be participating in the “BFSI yatra” Investors Conference, scheduled for September 19, 2025. The event is a physical, group meet being organized by ICICI securities in Chennai.

Information Disclosure

During the conference, KVB intends to use only publicly accessible documents for discussions. The bank has confirmed that no unpublished price-sensitive information (UPSI) or any other confidential material will be disclosed during interactions at the conference.

Conference Details

The “BFSI yatra” Investors Conference will provide an opportunity for investors and analysts to interact with the management of Karur Vysya Bank.

Source: BSE

ACC Limited: A K Anand’s Tenure as Nominee Director Concludes

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ACC Limited announces the conclusion of Mr. A K Anand’s tenure as the Nominee Director of Life Insurance Corporation of India (LIC), effective September 15, 2025. This follows the completion of his term, as communicated in a letter from LIC dated August 28, 2025. Mr. Anand’s role ended at the close of business hours on the specified date.

Nominee Director Transition

Mr. A K Anand’s tenure as the Nominee Director representing the Life Insurance Corporation of India (LIC) on the Board of ACC Limited has officially ended on September 15, 2025. This change is based on the completion of his term, as per the official communication received from LIC on August 28, 2025.

Details of the Change

The cessation of Mr. Anand’s role was effective from the close of business hours on September 15, 2025. The company has confirmed that further details and related documents are available on its website.

Source: BSE