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The contract is worth $5.61 million (minus GST) and will be executed as unit rates. Completion of the scope of work is anticipated by May 2026, in line with ONGC’s offshore growth plans.

The project is to be executed or completed in a time frame of 24 Months and is aimed to improve upon or bolster the railway infrastructure to handle a target of 3,000 MT of loading.

TKUIPL along with its parent company Thyssenkrupp Uhde will supply process expertise, licensing and technology for the plant.

The sale was approved by the Board of Directors at a meeting held on March 25, 2025. Post sale, JKBL ceases to be a subsidiary of Jyothy Labs.

This investment will further aid ABCDL, which is the key expander of all digital initiatives for the Aditya Birla Group in both Capex and Opex.

Top gainers in Sensex include IndusInd Bank, M&M, Power Grid Corp, Adani Ports.

The company bagged its first residential project in January 2024 with the launch of ‘Godrej Madison Avenue’ on Golden Mile Road, Kokapet, Hyderabad.

Ayana Renewable Power is an integrated renewable energy platform with an operational and under-construction portfolio of 4.1 GW across key resource-rich states.

The company reported that the contract was awarded by Waaree Energies Limited, the company’s promoter entity.

Price Waterhouse & Co LLP, Jain Jindal & Co, and Samarth Valuation Advisory LLP were the valuers in this transaction.