Ashok Leyland to fully acquire OHM India to infuse Rs 300 cr

16 Aug 2023 CW Team

On Monday, Ashok Leyland, the parent company of the Hinduja Group, announced that it would entirely purchase OHM Global Mobility Pvt Ltd from OHM International Mobility Ltd and invest Rs 300 crore in the newly acquired company. According to a regulatory filing by Ashok Leyland, OHM Global Mobility Pvt Ltd (OHM India) is a fully-owned subsidiary of OHM International Mobility Ltd UK (OHM UK).

The promoter, Hinduja Automotive Ltd, directly owns 20% and indirectly, through other subsidiaries, owns 43.23 percent of OHM UK. The purchase is a component of the company's EV plan to operate in the eMaaS (e-Mobility as a Service) market. It was suggested that this would probably lead to an improvement in operational efficiency and synergy.

OHM India intends to engage in business in the areas of transportation, logistics management and operation, and eMaaS.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..