1 / 6JSW Infrastructure | The company said it has emerged as the winning bidder for the development of an all-weather, deep-water, greenfield port at Keni in Karnataka on a Public-Private Partnership basis. As per the request for the proposal document, the estimated cost of the project is ₹4,119 crore with an initial capacity of 30 MTPA.
2 / 6Brigade Enterprises | Realty firm formalised a joint development agreement with Krishna Priya Estates Private Ltd and Micro Labs Ltd to develop around 2 million square feet of residential housing. The collaboration aims to develop approximately 2 million square feet of residential housing in Yelahanka, North Bengaluru, boasting a Gross Development Value of ₹2,100 crore.
3 / 6SJVN | State-run power producer on Thursday inked a power purchase agreement for a 200 MW grid-connected wind power project with Solar Energy Corporation of India Ltd (SECI). SGEL secured the 200-MW project at an attractive tariff of ₹3.24 per unit on a build own and operate (BOO) basis, emerging victorious in the open competitive tariff bidding process.
4 / 6JSW Steel | Sajjan Jindal-led company said it has decided to withdraw its application for the final mine closure plan of the Jajang iron ore block submitted before the Indian Bureau of Mines. The company had initially submitted a notice for the surrender of the mining lease on September 1, 2023, citing uneconomic operation as the primary reason.
5 / 6Axis Bank | The Reserve Bank of India (RBI) has taken stringent action against Axis Bank Ltd, imposing a monetary penalty of ₹90.92 lakh. The penalty, issued through an order dated November 2, 2023, is a consequence of Axis Bank's non-compliance with specific directives outlined by the RBI.
6 / 6Manappuram Finance | The Reserve Bank of India imposed a monetary penalty of ₹42.78 lakh on Manappuram Finance. The penalty, issued through an order dated October 31, 2023, is a consequence of the company's non-compliance with certain provisions outlined in the 'Non-Banking Financial Company — Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016.'
