L&T Technology Services, Jubilant Ingrevia and Repro India to see some action today

L&T Technology Services (LTTS) has secured a landmark engagement valued at over $75 million from a leading global technology enterprise. As part of the 5-year agreement, LTTS will deploy its Engineering Intelligence (EI) capabilities across the end-to-end product development and engineering lifecycle, helping accelerate the development of next generation solutions for the customer’s global portfolio.

LTTS will also enable the creation of a dedicated Engineering Center for technology and digital functions, leveraging its full stack of EI solutions. Jubilant Ingrevia has entered into a binding agreement with Zettaone Technologies India for the acquisition of a 40% strategic stake for Rs 189.2 crore.

Following completion of the proposed acquisition, Zettaone Technologies will become an associate company of Jubilant Ingrevia. Repro India’s wholly owned subsidiary -- Repro Books (RBL) has entered into a Share Purchase Agreement (SPA) with the existing shareholders of Repro LLC (Target Company) for acquisition of 100% of the equity shares of the Target Company.

The completion of the acquisition is subject to fulfillment of the terms and conditions and applicable regulatory formalities. The acquisition is intended to strengthen the company’s presence and business operations in the UAE and enable RBL, through the Target Company, to undertake the business of distribution of Books – Online and Offline.

The acquisition is expected to support the company’s organic growth strategy and facilitate expansion in the UAE market. Ducon Infratechnologies has secured a prestigious end-to-end contract for the supply and service of a Forced Cooling Network (FCN) System for the potlines at one of the largest single Aluminium Smelter Plant in India.

The complete scope of work encompasses end-to-end execution, including manufacturing, testing, packaging, transportation, installation, and commissioning & proving of performance Guarantee parameters of the FCN system, along with providing specialized technical support manpower throughout the installation and commissioning phase. Radiant Cash Management Services has renewed its existing inter-corporate loan arrangement with its subsidiary, Aceware Fintech Services (Aceware), by rolling over the existing outstanding loan and entering into a fresh Loan Agreement.