VRL Logistics, Ratna Cements signs MoU to transfer Wind Power

22 Apr 2022 CW Team

VRL Logistics added 5.55% to Rs 545 after the company signed a Memorandum of Understanding (MoU) with Ratna Cements to transfer the wind power sale on a slump sale basis.

Under the MoU, VRL will transfer the Sale of Power undertaking, with all underlying assets and liabilities as a going concern on a slump sale basis for Rs 48 crore.

Ratna Cements placed a token advance of Rs 2 crore before signing the MoU and has a time of up to 31 July 2022 to complete the transaction with all required approvals, with the remittance of the balance sales consideration.

The Wind Power Undertaking of the company initially had 34 wind turbine generators with a capacity of 42.5 MW. The project comprises 32 wind turbine generators with a 40 MW capacity. These turbines have been installed at Kappatgudda, Karnataka.

The windmill division recorded a revenue of Rs 17.57 crore with 0.99% standalone revenue of the company, with earnings before interest and taxes (EBIT) of Rs 80.83 lakhs.

VRL Logistics is India's largest and leading transportation and logistics company. Its net profit rose 52.2% to Rs 60.49 crore, with a 20.4 % increase in net sales to Rs 678.39 crore in the third quarter (Q3) of FY22 over Q3 FY21.

Image Source

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..