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RailTel Corporation, Vikran Engineering and Jindal Saw to see some action today

Transworld Shipping Lines has signed a MOA for sale of one vessel, M.V. SSL Gujarat to Avana Logistek

RailTel Corporation of India has received the Letter of Acceptance (LoA) from Eastern Coalfields for Provision of MPLS-VPN, Internet Leased Line (ILL), Video Conferencing (VC) & Managed Bandwidth Services (MBS) for Eastern Coalfields. The estimated size of order as per LoA is Rs 145.47 crore (Including Tax).  

Vikran Engineering has executed a Share Purchase Agreement (SPA) for acquisition of 49% equity stake in NOPL Solar Projects (Target Entity), subject to customary conditions precedent as agreed between the parties. The acquisition is in line with the company’s strategy to expand its presence in the renewable energy sector. It will enable business diversification and support long-term growth through participation in solar energy projects. 

Jindal Saw has received approval to set up an additional plant in KSA (Kingdom of Saudi Arabia) for LSAW facility to address the increased demand of pipes through its joint venture Jindal Saw & Buhur Altavision Co. The board of directors of the company in its meeting held on April 27, 2026 has approved the same.

Transworld Shipping Lines has signed a Memorandum of Agreement (MOA) for sale of one vessel, M.V. SSL Gujarat to Avana Logistek for consideration of $3,500,000.

Bajaj Holdings & Investment has acquired 20,90,050 equity shares of Bajaj Finserv, (BFS), an associate of the Company, from Bajaj Auto Holding (BAHL), a wholly owned subsidiary of the Company, through a block deal, for an aggregate consideration of Rs 370.53 crore.

Gujarat Kidney and Super Speciality has received approval for incorporation of a Wholly Owned Subsidiary (WOS). The proposed WOS company shall provide medical and healthcare services in Bharuch District which shall be in addition to the current medical care facilities provided by the company in Districts like Vadodara, Dahod, Ahmedabad, Godhara. The Board of Directors of the company at their meeting held on April 27, 2026 inter alia, consider and approved the same. 

Info Edge (India) has received approval to invest an amount of about Rs 5 crore in Startup Investments (Holding) (SIHL), a wholly-owned subsidiary of the Company. The present investment would help SIHL to explore investment opportunities including contribution to AIF(s) and other general purposes. The Committee of Executive Directors of the company in its meeting held on April 27, 2026 has approved the same.