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Shriram Automall enters into Rs.500 billion stressed assets management industry.India’s largest physical & online bidding platform for pre-owned vehicles and equipment, Shriram Automall (SAMIL) has acquired majority stake in Augeo Assets Management (Augeo). The ...

Shriram Automall enters into Rs.500 billion stressed assets management industry.India’s largest physical & online bidding platform for pre-owned vehicles and equipment, Shriram Automall (SAMIL) has acquired majority stake in Augeo Assets Management (Augeo). The company is a premium service provider in the asset disposal, transaction advisory and custodial services. It also conducts e-auction for diversified assets including real estate, plant and machinery, equipment, commodities, natural resources, minerals, mines, salvage, scrap, surplus and miscellaneous assets through its electronic market place 123done.in, which hosts e-selling, e-procurement and e-listing services. A new journeyThis acquisition fosters the vision of Shriram Automall to enter into industrial auction in addition to its existing automobile industry.  Sameer Malhotra, Director and CEO, Shriram Automall, said, “We are growing exponentially on a year-on-year basis and have been exploring new industries to add up to our existing vehicle auction business to grow multifold in the coming years. We found the industrial equipment and commodities industries as most complimentary in the auction business, which aptly suits our 10 million customer base at Shriram Group and CarTrade Group. Thus, we found 123done.in, which is a right fit to match our vision. We are excited to find the right kind of leadership in 123done.in to be part of our growth story.”

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Infrastructure Energy

Kosol Energie Unveils 730 W G12 TOPCon Solar Panel

Kosol Energie unveiled a high-efficiency 730 W G12 TOPCon solar panel for commercial and utility-scale applications at the Renewable Energy India (REI) 2025 exhibition. According to the company, the panels use high-transparency glass and POE encapsulants to enhance durability and improve light transmission. These innovations are designed to reduce the bill of materials by 2 to 3 per cent while improving overall plant performance through greater power output and lower transportation costs. The panels are currently undergoing certification, with commercial production expected to begin by April..

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Infrastructure Energy

Premier Energies To Build Rs 59.4 Billion Solar Complex in AP

In a major boost to Andhra Pradesh’s clean energy ambitions, Premier Energies is set to establish a Rs 59.4 billion fully integrated solar manufacturing complex at Naidupeta Industrial Park in Nellore district. The announcement was shared by Minister for IT Nara Lokesh on his X handle, describing the project as a testament to the State’s speed, clarity, and investor-first approach. Framed as a founder-style journey, Lokesh detailed how rapid execution, strategic port-led logistics, and proactive incentives helped India’s second-largest integrated solar company anchor its next growth ph..

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Infrastructure Energy

Manaksia To Set Up Rs 420 Million Solar Project In Gujarat

Manaksia Coated Metals & Industries Limited, a leading coated steel manufacturer and exporter, has announced plans to set up a 7 MWp DC ground-mounted solar power project under the Open Access mechanism in Gujarat. The initiative follows an agreement with Prozeal Green Energy Limited, one of India’s leading renewable energy EPC and IPP companies. The Rs 420 million project will be executed by Prozeal Green Energy and is scheduled for commissioning in the first quarter of FY27. It will use Mono Bifacial N-Type TOPCon modules paired with a Single Axis Tracker system—technologies designed to..

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