Hindustan Foods Limited, a leading contract manufacturer in the FMCG and consumer goods sector, announces a significant move to bolster its sports shoe manufacturing business by acquiring a sports shoe manufacturing unit in Kundli, Haryana. This strategic development is facilitated by its wholly owned subsidiary, KNS Shoetech Private Limited (KNS), and is formalized through a Business Transfer Agreement (BTA). The acquisition, valued at approximately Rs. 30.72 crores (subject to closing adjustments), marks a pivotal step in the company’s expansion efforts within the sports shoes segment. In alignment with its earlier announcement in October, where the company unveiled plans to invest up to Rs. 100 crores in the sports shoes manufacturing domain, Hindustan Foods had also disclosed the acquisition of 100% shareholding in KNS. This move underscores the company’s commitment to fortifying its presence in the ever‐expanding sports shoe market. The Indian sports shoe market has experienced substantial growth in recent times, driven by heightened consumer awareness regarding fitness and sports, coupled with an escalating demand for sports footwear that seamlessly combines comfort and style. According to a recent report in a leading newspaper, prominent brands like Puma, Decathlon, Adidas, Skechers, and Asics have exhibited remarkable year‐on‐year growth ranging from 35% to 60% since 2021.
Suzlon Group, India’s largest renewable energy solutions provider, today announced a new order win for the development of a 100.8 MW wind power project for Mahindra Susten Private Limited, the clean‐teach arm of the Mahindra Group. Suzlon will install 48 units of their S120 140m wind turbine generators (WTGs) with a Hybrid Lattice tubular (HLT) tower and a rated capacity of 2.1 MW each in Maharashtra. Suzlon will execute the project with a full scope of supply, installation, and commissioning. Additionally, Suzlon will also undertake post‐commissioning operation and maintenance services.
Suzlon Group, India’s largest renewable energy solutions provider, today announced a new order win for the development of a 100.8 MW wind power project for the Indian subsidiary of a leading Nordic Energy Company. Suzlon will install 32 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each. The project is located in Karnataka. This is the repeat order from the customer for the company’s largest turbine rated 3.15 MW, S144140m from the 3 MW series. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and supervise the project including commissioning. Suzlon will also undertake comprehensive operations and maintenance services post‐commissioning.
Aurobindo Pharma Limited announced that its wholly-owned subsidiary company, Eugia Pharma Specialities Limited, has received …