News Overview

The company said the development will cater to rising demand for modern offices and premium hospitality in the city’s busy IT corridor.

With this, the Hyderabad-based company has become one of the first in India to introduce the new G12R N-Type technology.

Alongside, Devki Nandan Sharma has been appointed as an Additional Director and Whole-Time Director of the company.

According to its audited accounts, MCIL posted revenue of ₹182.15 crore in FY25. This is up from ₹174.03 crore in FY24 and ₹159.42 crore in FY23.

The move is subject to shareholder approval and regulatory clearances, including permission from the regional director under the Ministry of Corporate Affairs.

According to the company, the vessels are being built for GRSE and will be deployed by the Geological Survey of India (GSI) as research ships for coastal exploration.

JNK India clarified that the transaction qualifies as a related-party deal but has been finalised on an arm’s-length basis.

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.