The borrowing has been divided equally between the two lenders and will be used to finance the company’s PDH and PP project at Dahej, Gujarat.
This work relates to the Varnam Phase 1 development coming up under the One Bangalore Luxury Project in Devanahalli, located in the Bengaluru Rural region.
The acquisition supports TCS long term strategy of building an AI first organisation focused on agent driven and data led digital transformation.
The firm said the acquisition will help it grow across a few sectors that are currently seeing steady activity in the region.
Here are some of the stocks that may see significant price movement today: Rama Steel Tubes, Piramal Pharma, GAIL, etc.
The announcement comes a few months after both sides signed the initial share purchase agreement in July 2025.
After the acquisition, Tata Steel will take over the 50.01 percent stake and Lloyds Metals and Energy Ltd will retain its 49.99 percent share.
NBCC has also received a new order from SAIL Bokaro. The order is for desilting of cooling pond No. 1, covering both the hot and cold water chambers.
Piramal Pharma said the remarks largely point to areas where internal procedures can be strengthened.
Nexus currently holds between 80 and 90 percent stake in Surya Mines SARL along with eight other entities in the Democratic Republic of Congo

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