The company’s Less than Container Load (LCL) business rose 10% from June to 774 cubic meters.
The Winger Plus is powered by a 2.2-litre Dicor diesel engine, delivering 100 hp and 200 Nm of torque.
The decision was approved at the board meeting of PG Technoplast on August 28, 2025.
The scope also includes setting up signalling towers and related infrastructure across the corridor.
The company said the purpose of acquiring the shares is to secure open access to renewable energy and increase its solar energy usage in Maharashtra.
In addition, Pallon S Mistry has been inducted to the company’s board, representing the next generation of the Shapoorji Pallonji family.
The move suggests Himatsingka may be looking to strengthen its balance sheet or support future expansion at a time of shifting market conditions.
The earlier three-month approval, granted on May 30, 2025, was due to lapse on August 31. At that time, the regulator had called it the “final extension” for the arrangement.
Together, these underscore Waaree’s growing presence in the American renewable energy market.
The IPO of Jio is expected to be one of the most closely watched listings in India’s capital markets, marking the next major milestone for Reliance in unlocking value across its businesses.
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