Elpro Boosts Vedanta Stake; 3i Infotech, Tiger Logistics Win Orders
By Sivam
Elpro International increases Vedanta stake. 3i Infotech renews Rs 14.71 Cr order. Tiger Logistics secures new BHEL contract. Market updates.
Key Companies Secure New Business, Boost Holdings
Multiple Indian companies are making headlines with strategic moves and new contract wins. Elpro International has increased its stake in Vedanta Aluminium Metal, while 3i Infotech and Tiger Logistics have secured significant new orders.
Elpro International Expands Vedanta Stake
Elpro International saw its shares rise after acquiring additional equity shares in Vedanta Aluminium Metal. This move brings its total holding in the company to a substantial figure.
- Total Holding: 2,20,000 equity shares in Vedanta Aluminium Metal.
- Stock Performance: Elpro International shares traded up 0.56% at Rs 170.95 on the BSE.
3i Infotech, Tiger Logistics Bag Orders
In other corporate developments, 3i Infotech secured a multi-year renewal order, and Tiger Logistics (India) also announced a new contract.
- 3i Infotech Order: A renewal order worth Rs 14.71 crore for Managed Services, onsite Facility Management Services (FMS), and Asset Management services. This contract is for a period of three years.
- 3i Infotech Stock: Shares were up 1.50% at Rs 17.62.
- Tiger Logistics Order: Secured an order worth Rs 4 crore from BHEL.
- Execution Timeline: This order is slated for execution within six months.
- Tiger Logistics Stock: Shares climbed 1.85% to Rs 35.80 on the BSE.