Chaudhary mentioned in his letter addressed to the board that the company dynamics were not in line with effective governance principles and independent oversight.
The company said that its board announced a final dividend of ₹2 per share with a face value of ₹5 each for the financial year 2024-25.
These contracts add to BHEL’s expanding order pipeline, coming just days after it announced a ₹7,500-crore deal from Gujarat State Electricity Corporation Ltd (GSECL).
The company said that it will execute the deal through a special purpose vehicle jointly established by Tega and Apollo Funds.
For the June quarter (Q1FY26), net profit nearly halved to ₹30 crore, compared with ₹59.8 crore a year earlier.
Mutual fund AUM in August was impacted by tepid markets and outflows from liquid funds
The agreement also includes license fee payments and a minimum guarantee commitment.
Following the transaction, AHLL will become a 99.42% subsidiary of Apollo, with only 0.58% held under the ESOP plan.
Larsen & Toubro said that the scope of work includes design, supply, construction, testing, and commissioning of track-works.
Mutual fund folios grew 21.7% yoy; with the pace of growth slackening in August 2025
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