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Birla Corpn.

Birla Corporation announced that the credit rating assigned to the Commercial Paper of RCCPL, Wholly-Owned Material Subsidiary of the Company has been re-affirmed at CRISIL A1+.

G S F C

Gujarat State Fertilizers & Chemicals has received affirmation in credit ratings from India Ratings and Research for bank loan facilities and commercial paper at IND AA+; Stable/ IND A1+.

Supreme Inds.

Supreme Industries has received affirmation in credit ratings from CRISIL Rating for bank facilities (Rs 1710.9 crore) and commercial paper (Rs 200 crore) at CRISIL AA+; Stable / CRISIL A1+.

REC Ltd

REC announced the incorporation of Apta Power Transmission as a wholly owned subsidiary of REC Power Development and Consultancy (subsidiary of REC). The company has been incorporated for establishment of 765/400/220kV AIS Apta (Dist. Raigad).

Guj.St.Petronet

Gujarat State Petronet announced the cessation of Milind Torawane, IAS as Director due to his transfer and appointment as Principle Secretary to Government, Education Department (Primary & Secondary Education) vide notification dated 23 December 2025.

Craftsman Auto

Craftsman Automation announced that the company has made a further equity investment of Rs.9,230/- (ie.,923 equity shares of face value of Rs.10/- each, aggregating to 4.61% of the equity share capital) in Viksha Green Energy (VGEPL) for solar power under the Group Captive Scheme as required under the provisions of the Electricity Act, 2003.

Post the aforesaid further investment, the total equity shareholding of the Company in VGEPL stands at 10.39%.

Dilip Buildcon

Dilip Buildcon through its DBL-SRBG (JV) has received Completion Certificate of the project “Construction of extra-dosed Bridge across Sharavathi Backwaters and approaches between Ambargodu and Kalasavalli of NH – 369E in the state of Karnataka (Job No. NH-369E-KNT-201819-895) on EPC Basis”. The completion certificate has been issued by the authority and had declared the project fit for entry into operation w.e.f. 12 August 2025.

Gujarat Gas

Gujarat Gas announced the resignation of Milind Torawane, IAS (DIN: 03632394), has resigned as Managing Director from the Board of Directors of the Company consequent to his transfer and appointment as Principal Secretary to Government, Education Department (Primary & Secondary Education) vide GAD Notification no. AIS/35.025/56/G dated 23 December 2025.

Ola Electric

Ola Electric today announced that it has received a sanction order from the Ministry of Heavy Industries, Government of India, for the release of incentives amounting to Rs 366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme) for claims pertaining to FY 2024-25.

The sanction pertains to the Demand Incentive for the Determined Sales Value for FY 2024-25, and authorises a payment of Rs 366.78 crore to be released through IFCI, the designated financial institution for disbursement under the scheme. The incentive has been sanctioned in accordance with the applicable terms and conditions of the PLI-Auto Scheme, as amended from time to time.

This milestone reinforces Ola Electric's role as a key contributor to India's advanced automotive manufacturing ecosystem and reflects the company's strong execution across scale, localisation, and technology-led vertically integrated manufacturing.

Vikran Engg.

 Vikran Engineering (VEL) announced that it has received a Notification of Award (NOA) from NTPC Renewable Energy for a Rs 459.20 crore EPC contract for a 400 MW AC grid-connected solar power project at Chitrakoot-1 in Uttar Pradesh.

The contract involves execution of the Balance of System (BoS) package for the solar project and is to be completed within a 12-months period. The scope of work includes inland transportation, insurance, installation, testing, commissioning, and guarantee tests, ensuring full operational readiness of the project.

Under the award, Vikran Engineering will deliver the project in line with NTPC Renewable Energy's stringent technical specifications, quality benchmarks, and safety standards, emphasizing the company's ability to execute large-scale, time-bound renewable energy projects for marquee public-sector clients.