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and Aegis Vopak Terminals (AVTL), its associate Company have executed a Framework Agreement wherein AVTL will acquire specialised storage terminal for Ammonia at Pipavav Port with a static capacity of 36,000 MT constructed and developed by the Company. The company will receive the sum of Rs 157.50 crore from AVTL upon execution of Framework Agreement.
HINDALCO
’ wholly owned subsidiary -- A.V. Minerals (Netherlands) N.V. has acquired 100% stake in a company namely ‘Aditya Holdings LLC’, thereby making it a step-down wholly owned subsidiary of the Company. The acquisition of Aditya Holdings LLC as a step down wholly owned subsidiary is a strategic move designed primarily to expand the company’s global footprint for its downstream portfolio.
PCBL
Chemical's subsidiary -- Nanovace Technologies has incorporated its wholly owned U.S. subsidiary, Nanovace Inc. in the state of Delaware. The company is exploring entering the highly lucrative battery chemicals market in USA. The subsidiary in USA will facilitate easier access to the North American markets. A local subsidiary in USA would further help to gain strategic market access, proximity to customers and understand regulatory and incentive landscape.
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Ravindra Energy has completed the divestment by way of sale of its stake held in the its subsidiaries -- Kumbhari Solar Project 10 and Rel Wardha Solar Project 4 for consideration of Rs 219.30 lakh and Rs 19.80 lakh respectively. The sale is completed on June 19, 2025.#WatchOutFor#StockInNews#TechnicalViews#HiddenGems#EquityResearch
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