The proposal is subject to shareholder approval and necessary regulatory clearances.
Eris had acquired the rights from Novartis AG, Switzerland, through an assignment deed dated November 27, 2019.
The notice, issued on August 21, 2025, directs the steelmaker to clear the dues within 15 days.
Earlier this month, the company announced its results for the quarter ended June 2025. It posted a consolidated net profit of ₹217.30 Crore.
Top gainers in Sensex include M&M, Bharat Elec, Maruti Suzuki, Sun Pharma.
Novigo’s revenue grew at a compound annual growth rate of 44% for over 3 years with 25% EBITDA margin and healthy cash flow, stated the company in its filing.
The vote may have been for status quo, but the FOMC is now getting increasingly divided over rate action
This latest update related to the project comes after the company commissioned the first phase of 142.20 MW project on June 28, 2025.
Niranjan will take charge of Ritesh Tiwari’s position. Ritesh shall join the HUL Board from November 1, 2025, subject to necessary approvals.
The refinancing extended by IRFC is expected to lower financing costs for BRBCL, strengthening its financial position and reducing the cost of electricity supplied to Indian Railways
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