📢 Update – 25th Feb 📝 New Orders & Contracts - GENSOL ENG: Plans to sell its US subsidiary, Scorpius Trackers, for ₹350 crore, transferring global IP rights (except India) to a US renewable firm. Proceeds will be redeployed to expand Scorpius' operations in India and support Gensol’s clean energy initiatives. - PONNI SUGAR: Wins ₹4.6 crore bid for a 50 TCD jaggery unit in Erode from Canara Bank under SARFAESI, aiming for product diversification. - JYOTI STRUCTURES: Wins ₹389.36 crore contract from Adani for the 765 kV DC transmission line project (Boisar-Pune), with an 18-month timeline for completion. - ZAGGLE PREPAID: Wins an agreement with Honasa Consumer Limited to provide the Zaggle Zoyer Platform. - POWER MECH: Secures ₹165 crore order from BHEL for EPC works at DVC Koderma TPS Phase-II. - FAALCON CONCEPT: Wins ₹1.74 crore order. - BHAGYANAGAR IND: Wins ₹245 crore order for a 53 MW solar project in Maharashtra under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, with an 18-month timeline. - CLN ENERGY: Wins a $5M (₹43 crore) export order for lithium-ion batteries from a Singapore MNC. 📈 Acquisitions - CAMLIN FINE: To acquire 78.68% of Vinpai at €3.60 per share, and invest €3.3M in convertible bonds, increasing its stake to 83.82%. - TATA MOTORS: Board approves IPO of equity shares, with a fresh issue of up to 23 crore shares and OFS by existing shareholders. - TATA MOTORS: "Tesla rival" Avinya electric SUV expected to be priced around ₹25 lakh, as per sources. 📊 Leadership Changes & Appointments - PRISM JOHNSON: Mr. Anil Suresh Kulkarni, Executive Director & CEO (RMC), resigns effective February 28, 2025, for career growth.