Solex Energy Ltd manufactures solar panels and other renewable energy devices and also specializes in installing systems on an Engineering, Procurement, and Construction (EPC) basis. It has been awarded a Work Order by Vishwaprem Dyg. Mills Pvt. Ltd., Surat, for the installation of a 2 MW Solar Ground Mount Power Plant, totalling Rs 6,25,90,000, which includes all applicable duties and taxes.
Open FlipUAE-based Wamda Capital and US-based Pantera Capital have exited their investment in BitOaxis, a Middle East and North Africa-based cryptocurrency exchange, through a strategic stake sale to Indian digital assets platform CoinDCX. The acquisition marks a full exit for the venture capital firms, with CoinDCX acquiring complete ownership of BitOasis.
Open FlipHeavy Industries and Steel Minister HD Kumaraswamy reviewed Vizag Steel's progress, promising to infuse funds if the company increases production and capacity. The public sector entity aims to revive its struggling operations and strengthen the domestic steel industry. India targets 300 million tonnes of steel production annually, with a focus on speciality and green steel.
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