The company has recently acquired 8.2 acres of land in North Bengaluru via its subsidiary Anthurium Developers Limited
In a regulatory filing, the company stated that the inspection resulted in five procedural observations, which it plans to address within the required timeframe.
This project is supported by the UK Government with £500 million and is set to safeguard 5,000 jobs and dramatically cut the carbon emissions from the site.
CONCOR stated that the transaction does not fall under related party transaction regulations of SEBI, as it is between two public sector enterprises.
In the National Stock Exchange, shares of LG Electronics is currently trading at ₹79,700 which is a 0.38% gain than the previous close.
At the operating level, EBITDA jumped 57.6% YoY to ₹657.3 crore, as against ₹417.2 crore in same quarter last year.
With an estimated ₹600 crore in total revenue, the new project, which is located in Sanand, will be a boon for the companies, as per the company’s regulatory filing.
The contract is for manufacturing and supply of single phase coupling transformers and single-phase transformers for transmission projects under the TBCB Model
The program is focused on utilizing next-generation AI solutions to assist airlines in managing Demand Volatility and enhancing operational efficiency.
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