Project includes setting up a 765/400kV switching station at Vataman in Ahmedabad district, three 765kV D/c transmission lines in Gujarat, and extension works at Navsari and Halvad substations.
The board of the company approves both appointments in its meeting on Tuesday
Optare serves as the holding company for Switch Mobility Limited and Switch Mobility Automotive Limited, both subsidiaries of Ashok Leyland.
BSE-listed companies' market capitalization rises from Rs 346.47 lakh crore to Rs 348.64 lakh crore in initial Wednesday deals
The estimated project cost is Rs 4,800 crores, to be invested in phases over 5 to 6 years, primarily funded by internal accruals and additional debt
Sapphire Foods Mauritius, the company's other promoter, held 29.28% of the shares in the September quarter.
Norges Bank has acquired 0.77% of Honasa Consumer on behalf of The Government Pension Fund Global.
Expansion aims to accommodate upcoming fossil fuel and battery-operated models in both personal and commercial segments.
For speedy response, the business has sent 46 tow trucks from surrounding cities and activated 34 Maruti Road Side Assistance cars.
Stanley Lifestyles, a Bengaluru-based home solutions provider, has also received an observation letter from SEBI for its IPO.

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