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By EquityPandit

EquityPandit

EquityPandit
INDIA

Vande Bharat Train to Run Between Delhi to Khajuraho Soon

Union Minister of Railways Ashwini Vaishnaw has announced the operationalization of the Vande Bharat Express train between Khajuraho in Madhya Pradesh’s Chhatarpur district and Delhi, media reported.

The Railways Minister, during his visit to the Bundelkhand region of Madhya Pradesh, said that two rake points had been approved at Chhatarpur and Khajuraho. In addition to this, he informed that rail tickets can now be obtained from 45,000 post offices.

“Soon Rail Over Bridge /Road Under Bridge (ROB/RUB) will be constructed at important places,” he said while mentioning the operation of Bharat Gaurav trains like Ramayana Express, the electrification of which is to be completed by August.

“By that time, Vande Bharat will also start rolling out. The vision of Prime Minister Narendra Modi’s government is to serve the people and has to be followed in spirit while doing development of the region,” he added.

Additionally, Vaishnaw reviewed the works done in the Pradhan Mantri Gram Yojana in the Bundelkhand region. He took stock of the development projects of the Maharaja Chhatrasal Convention Center area.

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BUSINESS

United Spirits Sells Malabar Hill Property for Rs 172 Crore

Dhruva Kulkarni

United Spirits has approved the sale of its Malabar Hill property in Mumbai for Rs 172 crore, including furniture and fittings.

The buyers, Ajaykumar Dineshkumar Vaghani and Manisha Ajay Vaghani have no links to the company’s promoters or group companies and will bear all applicable stamp duty, registration fees, and taxes.

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The agreement does not grant any special rights, such as appointing directors or influencing the capital structure.

The transaction was conducted at arm’s length and does not qualify as a related party transaction. United Spirits disclosed the deal under SEBI’s Listing Regulations, 2015, as per Regulation 30.

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BUSINESS

Govt Approves Rs 62,700 Cr Deal for 156 Light Combat Helicopters from HAL

Dhruva Kulkarni

The government has approved a record Rs 62,700 crore deal to procure 156 Light Combat Helicopters (LCH) from Hindustan Aeronautics Ltd (HAL), strengthening the Indian Army and Indian Air Force (IAF).

These helicopters will be manufactured at HAL’s Bengaluru and Tumkur plants, creating jobs and enhancing India’s aerospace sector.

Under the agreement, 90 helicopters will be delivered to the Army and 66 to the IAF for deployment along the China and Pakistan borders.

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The LCH, known as Prachand, is the world’s only attack helicopter capable of operating at 5,000 meters, making it ideal for high-altitude warfare in Siachen Glacier and Eastern Ladakh. Armed with air-to-ground and air-to-air missiles, it can effectively neutralise enemy air defence systems.

HAL received the tender in June 2024, and the Cabinet Committee on Security (CCS) approval paved the way for the mass production of these advanced helicopters.

Additionally, the CCS has sanctioned a Rs 7,000 crore deal for 307 Advanced Towed Artillery Gun Systems (ATAGS), with orders shared between Bharat Forge and Tata Group, further advancing India’s indigenous defence manufacturing.

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BUSINESS

Haldiram’s Signs Agreement with Singapore’s Temasek

Dhruva Kulkarni

Haldirams has partnered with Singapore-based investment firm Temasek, which will acquire an equity stake to support the brand’s expansion in India and globally.

PwC Investment Banking acted as the exclusive financial advisor, while Khaitan & Co provided legal counsel for the deal. The transaction is subject to regulatory approvals and is expected to close soon.

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A Haldirams spokesperson welcomed Temasek’s investment, emphasising its expertise in the consumer sector.

PwC India Chairperson Sanjeev Krishan called the deal a milestone, highlighting PwC’s long-term advisory role and noting that it is India’s largest private equity consumer deal, reflecting the global rise of domestic businesses.

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BUSINESS

Godrej Properties Sold Homes Worth Rs 1,000 Crore 

Ali Waghbakriwala

Godrej Properties Ltd. announced on Tuesday, 25 March, that it has sold homes in its Godrej Madison Avenue project in Kokapet, Hyderabad, which occupied over 0.84 million square feet and brought in over Rs 1,000 crore. The corporation began the project in January 2025.

The Golden Mile Road project offers access to shopping, schools, hospitals, and other lifestyle amenities. It also provides access to key areas such as the Financial District, Gachibowli, HITEC City, and the Outer Ring Road.

“We are thrilled with the response to our first project in Hyderabad,” said Gaurav Pandey, MD & CEO of Godrej Properties. “This success reiterates the huge growth opportunity available to Godrej Properties in Hyderabad and the strong demand for premium residential developments in Kokapet. This strengthens our commitment to expanding in Hyderabad where we will be launching a second project shortly.”

Additionally, the real estate firm revealed last week that it has acquired roughly 10 acres of land in the Yelahanka suburb of Bengaluru, which could generate Rs 2,500 crore in revenue.

The project’s estimated 1.5 million square feet of developable potential is mostly made up of high-end residential flats and high-street shops.

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BUSINESS

Larsen and Toubro Signs MoU with Cockerill Energy

Ali Waghbakriwala

Larsen and Toubro said on Monday, 24 March that L&T Energy Green Tech Ltd, its wholly-owned subsidiary, has entered into a Memorandum of Understanding (MoU) with John Cockerill Energy to investigate solutions in thermal energy storage and concentrated solar power.

The company’s exchange filing states that the MoU seeks to find and create strategic partnership prospects in production, component supply, and technology solutions.

L&T Energy Green Tech offers integrated green energy solutions through collaborations, advanced technology, and research and development on a development, production, and EPC basis. John Cockerill, who has over 200 years of experience in both industry and energy, has been developing technological solutions to help with the energy transition.

Subramanian Sarma, the whole-time director and president (energy), L&T, said, “Ensuring round-the-clock availability of renewable power is crucial for driving the global energy transition. Our collaboration with John Cockerill marks a significant step in this direction, combining L&T’s end-to-end expertise in manufacturing, EPC and services with John Cockerill’s global leadership in energy.”

“With our expertise and references, including five solar thermal receivers for concentrating solar power plants in the UAE, China, Chile and South Africa, we are confident this partnership will enable us to deliver these offerings to companies in India that are actively pursuing low carbon energy solutions,” John Cockerill Energy’s CEO Thomas Bohner said.

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