FG targets 24-hour power supply with Energy Zones in high-demand areas

In a busy trading session on Wednesday, several key companies made headlines, including Tata Steel, Time Technoplast, Shiva Cement/JSW Cement, KPI Energy, Exide Industries, Ganesh Benzoplast, and Power Mech Projects.

Tata Steel won a favourable ruling in a tax dispute, receiving relief of around ₹427 crore for FY2009, reducing the total tax to ₹1,259 crore.

Integrated logistics provider Allcargo Logistics Ltd has appointed Vijay Nehra as its Chief Transformation Officer and Managing Director Designate, effective October 1, 2026.

TPL Plastech Ltd has merged with its parent company, Time Technoplast Ltd, with TPL Plastech shareholders receiving Time Technoplast equity shares in exchange for their TPL Plastech shares.

Prestige Estates Projects Ltd's hospitality arm raised ₹3,000 crore from CPPIB by diluting a 27% stake in the company.

Ganesh Benzoplast Ltd has signed definitive agreements with Cisternina Logistics Private Ltd, selling and transferring its liquid storage tank business and shareholding in a subsidiary to the buyer.

Exide Industries Ltd increased its equity capital investment in its wholly-owned subsidiary, Exide Energy Solutions Limited, by ₹100 crore through a rights issue.

Capital India Finance Ltd raised ₹100 crore through the private placement of senior, secured, transferable and redeemable NCDs.

Everest Kanto Cylinder Limited confirmed that its Egyptian subsidiary has set up a manufacturing facility and commenced commercial production.

STL Networks Limited secured the lowest bid for a major domestic cloud infrastructure contract issued by RailTel Corporation of India Ltd.