Commercial vehicle major Ashok Leyland has increased the sourcing of clean energy to 60 per cent for its countrywide operations. Around 75 per cent of its energy consumption in Tamil Nadu and around 60 per cent throughout India is procured through the solar rooftop, solar ground mount, and wind-based renewable energy, the company said. Hinduja Renewables, part of the Hinduja Group, has built a solar plant for Ashok Leyland. The plant, with a capacity of 75 MWp, is located in Sivagangai district in Tamil Nadu. This plant is one of the largest group captive solar plants in India serving a single client. The plant is expected to generate over 120 million units of power annually.
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Adani Ports: The company said it has completed the acquisition of Dighi Port for Rs 705 crore and would invest over Rs 10,000 crore in developing it as an alternate gateway to JNPT.
L&T Finance Holdings: The company, last evening, informed exchanged that it has closed its rights issue and raised over Rs 2,998 crore. The rights issue was oversubscribed by approximately 15 per cent, it said in a release.
Nestle India: The company s profit after tax rose 0.2 per cent year-on-year to Rs 483.3 crore from Rs 472.6 crore in the corresponding quarter previous year.