The Centre announced plans to sell up to 2% stake in Coal India Limited through an offer for sale (OFS), according to an exchange filing. The stake sale, being carried out by the Ministry of Coal, will take place via the OFS window on the BSE and NSE in line with SEBI guidelines. Under the base offer, the government will divest up to 6.162 crore shares, representing 1 per cent of Coal India's paid-up equity capital, with a green shoe option to sell additional 6.162 crore shares. The stake sale will be conducted over two trading sessions, with the OFS window opening exclusively for non-retail investors on May 27, followed by retail investors and employees on May 29. Retail investors and employees will be allowed to participate with a quota of 25,000 shares on May 29, alongside non-retail investors opting to carry forward unallotted bids from the first day.
Zee Entertainment Enterprises announced it is in talks with the Fédération Internationale de Football Association (FIFA) to broadcast and stream the FIFA World Cup 2026 matches in India. The company also launched Unite8 Sports, a dedicated portfolio of sports channels, as it seeks to expand its presence in sports broadcasting. According to the company statement, Unite8 Sports will encompass emerging formats, marquee properties and high-engagement content, marking a significant expansion in Zee's sports broadcasting capabilities.
Indian Metals & Ferro Alloys Ltd. (IMFA) acquired a 26% equity stake in renewable energy company EG Urja Strot Private Limited for approximately ₹110.18 crore. The company has signed a 29-year Power Purchase Agreement (PPA) with EG Urja Strot under the captive consumer framework defined under the Electricity Act, 2003 and Electricity Rules, 2005, for supply of renewable energy to its ferro chrome operations. Through this deal, IMFA has secured 65 MW of hybrid renewable power under a long-term captive arrangement, with the project completion timeline set for June 2027.
Tata Elxsi launched ViTel, a Material Intelligence solution for Medical Device manufacturers, co-developed with Viridium AI. The solution is being formally introduced at DeviceTalks Boston 2026, where Tata Elxsi is presenting its latest advances in AI-powered MedTech engineering and compliance. Solar panel maker Saatvik Green Energy Ltd received orders worth ₹171.45 crore from a domestic independent power producer and engineering, procurement and construction (EPC) player for the supply of solar photovoltaic (PV) modules.
GPT Infraprojects Ltd won a new contract worth ₹72 crore from PCMM, Eastern Railway, for the supply of Pre-Stressed Concrete (PSC) sleepers. The order involves supplying sleepers to various divisions of Eastern Railway and is expected to be executed over a period of 730 days from the appointed date, highlighting the company's continued infrastructure project wins in the railway sector.
