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 Transport

29 Oct 2025

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday. Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state. Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening d..

HUDCO, JNPA sign Rs 50 billion deal for port development

In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for an investment of Rs 50 billion to revamp and develop port infrastructure. The non-binding agreement is intended to strengthen cooperation on both existing and upcoming infrastructure projects, with a focus on development, financing, and refinancing of port facilities at the Jawaharlal Nehru Port. The MoU was formalised with the signatures of Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Shar..