News Overview

Kivoro’s HTA has been developed to improve heat transfer efficiency in corrugated manufacturing.

The business said that this will also fuel the company's broader push for developing AI-first, India-made solutions for the global hospitality sector.

By linking RateGain’s AI-powered direct booking tools with PayU’s payment network, hotels can offer guests a smoother and more reliable payment experience.

The development features modern towers designed to offer privacy, comfort and contemporary interiors.

According to brokerages, about 14.92 Crore or 2% of the company’s outstanding equity will become eligible for trading once the lock-in period ends.

The collaboration will also include work on advanced semiconductor packaging technologies, an area critical to building a complete domestic chip ecosystem.

The total consideration for the transaction is ₹1,212 crore, according to the company’s disclosure.

The board cleared the proposal on December 8, 2025, at its meeting in Muscat, Oman.

The company expects the greenfield unit to create strong strategic synergies across its businesses, further supporting India’s broader goal of enhancing self-reliance in defence production.

EPIC, which is listed in Saudi Arabia, has entered into a contract with the Saudi Water Authority for the manufacturing and supply of steel pipes.