UP, Railways Partner to Boost Logistics Infra
In a bid to strengthen Uttar Pradesh’s industrial and logistics ecosystem, Invest UP and the Lucknow Division of Northern Railway signed a memorandum of understanding (MoU) on Wednesday at Lok Bhawan.The agreement, signed by Invest UP CEO Vijay Kiran Anand and Rajneesh Kumar Srivastava, Senior Divisional Operations Manager of Northern Railway, aims to offer railway land to investors at a concessional lease rate of 1.5 per cent of the prevailing industrial or circle rate for a period of 35 years.According to the official statement, this initiative will allow investors to develop warehousing a..
Jindal Family Trust to Sell Rs 12 Bn in JSW Infra Shares
The Sajjan Jindal Family Trust is reportedly preparing to divest shares worth up to Rs 12 billion in JSW Infrastructure via a block deal, as part of efforts to meet regulatory requirements on public shareholding.The floor price for the sale has been fixed at Rs 288 per share, with as many as 42 million shares on offer.According to the latest exchange filings, the Trust currently holds an 80.72 per cent stake in the company, while total promoter ownership stands at 85.62 per cent.In an earlier regulatory disclosure, JSW Infrastructure confirmed that the Sajjan Jindal Family Trust, through its t..
Reliance Infra Postpones Q4 Results to 23 May
Anil Ambani-led Reliance Infrastructure has postponed the announcement of its financial results for the January–March 2025 quarter. The company informed exchanges that the board meeting, initially scheduled for Friday, 16 May, has now been rescheduled to Friday, 23 May.The delay was attributed to the postponement of board meetings for its key subsidiaries—BSES Yamuna Power and BSES Rajdhani Power—due to a lack of quorum following the unavailability of joint venture partner nominees.Reliance Infrastructure, a BSE SmallCap-listed firm with a market capitalisation of Rs 107.65 billion, is i..
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