AESL Wins Rs 8.65 Billion O&M Contract From Vedanta
Vedanta has awarded a Rs 8.65 billion integrated service contract to Asian Energy Services Limited (AESL) for field development and operations and maintenance (O&M), according to an announcement made by AESL on Sunday.The contract, which includes GST, will be implemented over a 57-month period. In its regulatory filing, AESL noted that the agreement strengthens its strategic focus on integrated O&M services—an area that remains a key driver of its growth.“We are honoured to receive the Integrated Service Contract for field development and O&M from Vedanta, one of our valued and..
TDP MPs Propose Defence Hubs Across Andhra Pradesh
TDP Members of Parliament met Defence Minister Rajnath Singh in New Delhi on Friday to submit a proposal from Andhra Pradesh Chief Minister N. Chandrababu Naidu for the establishment of multiple defence manufacturing units across the state.The delegation—comprising Lavu Sri Krishna Devarayulu, Magunta Srinivas Reddy, and Daggumalla Prasada Rao—presented an ambitious vision to transform Andhra Pradesh into a strategic defence and aerospace production hub under the Atmanirbhar Bharat mission.The letter included two communications dated 19 May from the Chief Minister outlining a comprehensive..
Poonawalla Fincorp Eyes Over 40% AUM Growth in FY26
Poonawalla Fincorp, a leading financial services firm, is aiming to surpass 40 per cent growth in its asset under management (AUM) for FY26, driven by expansion into new product lines, including gold loans.“We have issued AUM growth guidance of 35–40 per cent for this year. Given the strong traction of new product lines, we expect to exceed this target,” said Arvind Kapil, Managing Director and CEO of Poonawalla Fincorp.The company reported a 53 per cent year-on-year growth in AUM, reaching Rs 412.7 billion at the end of Q1 FY26. With 13 business verticals under its umbrella, Poonawalla ..
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