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Tata Power bags NHPC's solar project worth Rs 1,731 cr in Rajasthan

Tata Power Solar Systems on Monday said it has bagged 300 MW solar project worth Rs 1,731 crore from state-owned NHPC.

"Tata Power Solar Systems, one of India's largest integrated solar companies and a wholly-owned subsidiary of Tata Power, bagged an order of 300 MW solar project worth Rs 1,731 crore, inclusive of tax from NHPC," a company statement said.

According to the statement, the project site, located in Rajasthan, will be developed under the CPSU (Central Public Sector Undertaking) scheme of IREDA (Indian Renewable Energy Development Agency).

Capgemini acquires Chappuis Halder to boost financial services biz

Technology services major Capgemini on Monday said it has acquired Chappuis Halder & Cie (Chappuis Halder), a global strategy and management consulting firm, for an undisclosed sum.

Headquartered in Luxembourg in Europe, Chappuis Halder is a nearly 150- people consulting firm, with main offices in North America, Europe, and South-East Asia, with reputation for its financial services leading expertise.

With Chappuis Halder's specific industry focus, the acquisition will help Capgemini strengthen its capabilities to advise banking, wealth management and insurance clients in North America, Europe and South-East Asia, the company said in a statement.

Bharat Forge consolidated net profit surges 9.3% to Rs 232 crore in Q4FY22

Auto components major Bharat Forge Ltd on Monday reported a 9.3 per cent increase in its consolidated net profit at Rs 231.86 crore in the fourth quarter ended March 2022, driven by higher revenue.

The company had posted a consolidated net profit of Rs 212.12 crore in the same period of the preceding fiscal, Bharat Forge said in a regulatory filing. Revenue from operations during the quarter under review stood at Rs 3,573.09 crore as against Rs 2,082.85 crore in the year-ago period, it added.

Share India Securities Q4 PAT jumps over two-fold to Rs 76 crore in Q4FY22

Technology-driven financial services company Share India Securities Ltd on Monday reported more than two-fold jump in its profit after tax at Rs 76.02 crore for the quarter ended March 2022.

In comparison, the company had posted a PAT (Profit After Tax) of Rs 35.82 crore in the same quarter of preceding fiscal, Share India Securities said in a statement. It registered 52 per cent rise in its revenue at Rs 294.82 crore for the January-March quarter of FY22 from Rs 194.35 crore in the same period of previous fiscal.

Holcim to use proceeds from India sale for lower carbon acquisitions

Holcim will use cash raised from the sale of its Indian business for acquisitions focused on building products and solutions, Chief Executive Jan Jenisch said on Monday, with the cement-maker currently eyeing 10 potential targets.

Holcim agreed to sell its Indian business to Adani Group for 6.4 billion Swiss francs ($6.38 billion), its largest divestment in years, as it seeks to lower its carbon profile and raise funds for takeovers

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