RITES and HCL Sign MoU to Develop Critical Mineral Supply Chain
RITES, the leading Transport Infrastructure Consultancy and Engineering firm, today signed a Memorandum of Understanding (MoU) with Hindustan Copper (HCL), a CPSE under the Ministry of Mines, to jointly develop a rapid, reliable, and sustainable supply chain of metals and minerals, including critical minerals in India and overseas.The partnership will focus on exploration, extraction, refining, and production activities in India and overseas, leveraging the technical and financial strengths of both organisations. The collaboration includes participation in mineral block auctions and developmen..
Advanta Seeds Divests Serra Bonita Assets and Expands Ties in Brazil
Advanta Comércio de Sementes, a global seed company, part of UPL Group, announces that Serra Bonita Sementes, a Brazilian associate company in which Advanta holds a 33 per cent stake, has entered into an agreement for the sale of all its assets for a total consideration of $125 million, subject to closing adjustments.This strategic transaction reflects UPL’s continued focus on optimizing its asset portfolio and unlocking value. The sale proceeds will be received by Serra Bonita and are expected to be fully disbursed to its shareholders in the next few months.. Until the completion of this p..
MCX Launches Electricity Derivatives, Marking Energy Market Milestone
The Multi Commodity Exchange of India (MCX), India’s leading Commodity Derivatives Exchange, has received approval from the Securities and Exchange Board of India (SEBI) to launch Electricity Derivatives, marking a significant milestone in the evolution of India’s Energy trading landscape.This development underscores the strong commitment and support of the Regulators - SEBI and Central Electricity Regulatory Commission (CERC) - in enabling a dynamic and sustainable power market.The Electricity Derivatives Contracts to be introduced by MCX will enable generators, distribution companies, an..
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