Published : 8 September 2023
By : Sachin Gupta
Exide Industries Ltd. announced on Thursday that it had invested more than Rs 100 crore in Exide Energy Solutions Ltd., a fully owned subsidiary that produces advanced chemistry battery cells.
Exide Industries reported making the investment through a subscription in the equity share capital of Exide Energy Solutions Ltd (EESL) on a rights basis in a regulatory filing.
REC Ltd said on Wednesday that it has inked a $100 million foreign currency term loan deal with the Export Import Bank of India (EXIM Bank).
The money would be raised as a part of REC's larger market borrowing program, which has a budget of Rs 1.20 lakh crore for 2023–2024.
Birla Corporation, the flagship firm of the MP Birla Group, has developed a plan to increase its capacity for producing cement from the current 20 million tonnes to 25 million tonnes by the fiscal year 2025–2026.
The cement manufacturer intends to increase capacity utilization at its Mukutban facility in Maharashtra, establish a second clinker unit in Maihar in Madhya Pradesh, and build new grinding units in order to achieve its projected production.