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The company’s board has approved the appointment of Kalpana Unadkat as independent director and chairperson with effect from April 1. The second term of the current Chairman Chandrashekhar Bhave will end on 16 May 2026 and he will step down from the post of Chairman with effect from 31 March 2026.

The company will set up a 10 GW capacity integrated ingot and wafer manufacturing plant in Nagpur, Maharashtra. About Rs 6,200 crore will be invested in this project.

On March 12, the State Tax Department has started the inspection process in the matter related to GST records of Maharashtra in the company’s Mumbai office. At present it has no significant impact on the financial performance or operations of the company.

Also, the company’s Head – Digital Gyan Shankar Pandey has resigned with effect from March 13.

The company has been declared the preferred bidder for the New Umrangso Limestone Block in Assam. This mining area is spread over approximately 200 hectares.

The company has received LoA from Delhi International Airport (DIAL) for the upgrade and operation of Cargo Terminal-1 of Indira Gandhi International Airport. This project will be for 2036 and revenue sharing is estimated to be around Rs 340 crore in the first year.

The company’s passenger traffic increased by 0.3% to 1.02 crore passengers in February.

The company’s shareholders have approved the appointment of Rakshit Hargave as CEO and Managing Director for five years. His tenure will be effective from December 15.

The company and the consortium of Supreme Hydro Pvt Ltd have received the contract from ONGC for operation and maintenance of “Samudra Sevak” ship for the period 2026–2028. The total value of this order is around Rs 410.74 crore.

The company has imposed fuel charges on domestic and international flights from March 14 following a sharp increase in fuel prices due to geopolitical tensions in the Middle East. According to IATA, jet fuel prices in the region have jumped by more than 85%.

The company has received the road project worth Rs 160.2 crore from Odisha Bridge and Construction Corporation (OBCCL). This project is related to the construction of diversion road of Duduka-Gopalpur-Toparia Road in Sundergarh.

The company has received an order worth Rs 288 crore from the Indian Meteorological Department (IMD). Under this order, the company will supply 32 units of Doppler weather radar. After this news, positive movement can be seen in the stock.

The company has entered into a concession agreement with Maharashtra Industrial Development Corporation (MIDC) to develop a hi-tech pharmaceutical park at Dighi Port Industrial Area in Raigarh. The estimated cost of this project is Rs 3,000 crore and will be developed under the PPP model.

The company has won an EPC contract worth over Rs 700 crore from Maharashtra State Electricity Transmission Company (MSETCL). Under this, 400/220 KV AIS substation and its associated transmission line will be built in Saswad, Pune.

On media reports about stopping the sale of aluminum products due to the Iran war, the company has clarified that it has not closed its aluminum extrusion unit. The share of this segment in the company’s total production is less than 0.1% and the rest of the operations are continuing normally.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.