Actions that will be in action today (January 4)

Sanjeev Churiwala joins Tata power as new CFO as of January 1. Ramesh Subramanyam, the former CFO, takes on a new role within the Tata Group.

The advice of Hindouja Global Solutions Ltd will meet on January 6 to rule on the declaration of an interim dividend, if applicable, for the 2021-2022 financial year, and the proposal to declare the allocation of free capital shares.

Dilip Buildcon received a letter of acceptance as part of the call for tenders issued by South Eastern Coalfields Ltd (SECL), for the elimination of excessive charges in Madhya Pradesh. The call for tenders is for “the rental of HEMM and related equipment for overload removal, loading on dump bodies, transport and unloading of excavated material and silt, dumping, push-back , scrapping / removal of all strips, preparation / maintenance of the haul road, sprinkling of water and spreading of excavated material on the indicated site and leveling of landfills according to instructions from the management / engineer in charge for a period of 1,795 days at Amadand OCP, Jamuna Kotma region. “

The advice of Ashirwad Steels and Industries decided in principle to replace the “business transfer agreement” signed and executed with SHV Energy Pvt Ltd covering the sale and transfer of the company’s LPG bottling plant located at the industrial growth center of Uluberia, in Howrah. Instead, the company will sign two separate new agreements with SHV Energy – (a) one for the sale, transfer and assignment of lease rights to the entire plant land (leased from WBIIDC ) and (b) a separate agreement for the sale of other movable property (factories and machinery, electrical and hydraulic installations and fire fighting equipment, etc.) to the company for a combined total consideration of Rs 16 crore.

Earum Pharmaceuticals signed a digital memorandum of understanding with Gujarat to make an investment of around Rs 50 crore in establishing a finished pharmaceutical / API formulation manufacturing unit. The proposed expansion is subject to regulatory and legal authorizations / registrations / approvals and authorizations. The company will announce any such development as a concrete decision is made.

Ajmera Realty & Infra India: The company will build high-end residences in Juhu in Mumbai, focusing on urban rejuvenation. Funded by a mixture of debt and equity, this project is expected to generate a sales value of Rs 150 crore.