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Adani group firm Kutch Copper raises Rs 6,071 cr for one mn tonne unit 3

Kutch Copper, a subsidiary of Adani Enterprises, is setting up a greenfield copper refinery project to produce one MTPA (million tonnes per annum) in two phases. The firm has achieved financial closure of RS 6,071 crore for the first phase.

SBI, other PSU banks commit Rs 6,071 cr to Adani Group for copper business

Ports-to-energy conglomerate Adani Group has forayed into copper manufacturing with tying up of finances from public sector lenders for a 1 million tonnes a year unit at Mundra in Gujarat. "Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd (AEL), is setting up a greenfield copper refinery project for production of refined copper with 1 million tonnes per annum in two phases," the company said in a statement.

Adani, L&T among 18 firms to show interest in BSES smart meter tender

The five million smart meter tender issued by Reliance Infrastructure’s BSES Limited has received interest from close to 18 companies, company executives have said. Among the firms that have come forward during the Expression of interest (EoI) round are leading Indian companies such as HPL, Secure Meters, Adani Transmission, L&T. Finland-based Wirepas, EDF France, Enel Italy, Bosch Germany and Itron and Exeleron from the US are among international companies to have evinced interest.

Yes Bank-Dish TV battle set to move to SC; Goel camp to appeal HC order

The legal tussle between YES Bank and the promoters of satellite TV broadcaster Dish TV India is set to move to the Supreme Court as the Subhash Goel family plans to appeal against the Bombay High Court order which resulted in the family losing the top management positions. A new restructured board of Dish TV is necessary for YES Bank to sell its stake to a rival satellite TV broadcaster, say sources. “The bank wants to sell its 24.7 per cent stake in the company but the acquirer wants to buy the stake without any legacy legal issues,” said a legal source close to the development.

Infosys gave capital return of over Rs 24,100 cr in FY22: Nandan Nilekani

Infosys gave a capital return of over Rs 24,100 crore in 2021-22 and it made a share buyback of more than Rs 11,000 crore, said Nandan Nilekani, chairman of the IT services company, on Saturday. The board has recommended a final dividend of Rs 16 per share: that along with an interim of Rs 15 per share amounts to a total of Rs 31 per share in Financial Year 2021-22 (FY22), Nilekani told shareholders at the 41st annual general meeting of Infosys.

Hindustan Copper board to consider raising Rs 500 cr via debentures

State-owned Hindustan Copper Ltd's board will meet next week to consider a proposal to raise up to Rs 500 crore by issuing debentures. "A meeting of the board of directors of Hindustan Copper Ltd (HCL) will be held on 30th June 2022 to inter alia, consider and recommend resolutions seeking approval of the shareholders of the company to authorise the board of directors...to offer, issue and allot secured or unsecured non-convertible debentures or bonds on a private placement basis up to Rs 500 crore," the PSU said in a BSE filing.

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