When markets resume trading today, TVS Motor Company, Info Edge, NTPC, NHPC, Coal India, Sammaan Capital, Som Distilleries & Breweries will be in focus due to various related developments.
TVS Motor Company, Info Edge, NTPC, NHPC, Coal India, Sammaan Capital, Som Distilleries & Breweries
TVS Motor Company
TVS Motor Company has launched the Apache RTR 310 in Morocco, expanding its presence in Africa’s premium motorcycle segment. The track-inspired streetfighter brings performance, advanced technology and strong global appeal, building on the Apache brand’s success across multiple international markets.
Info Edge
Info Edge (India) Ltd will invest up to Rs 250 crore in an alternative investment fund (AIF) to back early-stage deep-tech companies in the country. According to a regulatory filing, the company has entered into a contribution agreement with A88 Fund I, a scheme by SEBI-registered A88 Trust. The objectives of the Scheme (A88 Fund I) will be to generate long-term growth for the contributors and support the Indian entrepreneurial ecosystem by investing in early-stage deep tech companies in India (or primarily focused in India).
NTPC
NTPC said its subsidiary NTPC Green Energy Ltd has declared commercial operations (COD) for additional solar capacities—75 MW at the 500 MW Bhadla project in Rajasthan and 105 MW at the 1,200 MW Khavda-II project in Gujarat. Following this, the NTPC group’s total installed capacity has reached 88,889 MW, with commercial capacity at 87,809 MW.
NHPC
NHPC said its subsidiary NHDC Limited has received an income tax demand notice of Rs 231.78 crore, including Rs 45.31 crore in interest, from the Income Tax Department. Separately, NHPC has increased its stake in Ratle Hydroelectric Power Corporation Ltd to 51% from 49.72% following additional equity infusion, making it a majority-owned subsidiary.
Sammaan Capital
The company said that it has received all regulatory approvals for Avenir Investment RSC Ltd’s proposed acquisition of a controlling stake in Sammaan Capital Ltd. The investor, backed by International Holding Company PJSC, plans to invest about Rs 8,850 crore via a preferential issue. Post-issue, it will hold around 41.2% stake, which could rise to 63.3% after the open offer. The company and investor are now working to complete the transaction at the earliest.
Ahead of this, Moody’s upgraded the company’s credit rating to B1 from B2 with a positive outlook, citing improved asset quality, stronger capital position, and better funding access. The company expects further rating upgrades after the deal is completed and IHC comes in as promoter.
Coal India
Coal India Limited has received a Letter of Award (LOA) from Telangana Power Generation Corporation Limited for Setting up of 750 MWh (187.5 MW for 4 hours) BESS Plant at Choutuppal. The time period by which the order(s)/contract(s) is to be executed is 18 months from signing of BESPA. The estimated project cost is Rs 1,057.09 crore.
Som Distilleries & Breweries
The company said there is no change in the status of its licence suspension since February 5 and it is working to resolve the issue. While a Single Bench of the Madhya Pradesh High Court did not grant relief, a Double Bench has allowed its associate company to participate in the country liquor tender process. The final court order is awaited.
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