JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

Enso Group Partners With G-Energy To Launch Engine Oils In India

Enso Group's Enso Oils & Lubricants has become the official distributor for G-Energy, a high-tech engine oil brand, in India. The partnership was announced at a client conference held in Mumbai, coinciding with the launch of G-Energy in the Indian market. The conference brought together representatives from the automotive and industrial sectors, including key officials from both companies. Attendees included Vaibhav Maloo, MD of Enso Group; Rajesh Nagar, CEO of Enso Oils & Lubricants; and senior officials from Gazpromneft-Lubricants, which owns the G-Energy brand. ..