🇮🇳 India Daybook: Power Grid Bags Major Transmission Project, Gravita Commissions Lithium Plant — September 3, 2026

📍 ORDER WIN & PROJECTS

• Power Grid Corporation of India: Declared the successful bidder to establish an interstate transmission system project for power evacuation, further expanding its transmission network portfolio.

📍 CAPACITY EXPANSION & OPERATIONS

• Gravita India: Commissioned a 6,000 MTPA lithium-ion battery recycling plant in Mundra with an investment outlay of ₹1,780 crore, taking a step toward its target to reach 800,000 MTPA total capacity.
• KSH International: Secured the renewal of its factory license for Unit 3 until December 2030 for manufacturing copper and aluminium winding wires.

📍 ACQUISITION & STAKE SALES

• ICICI Bank: Raised its equity shareholding in subsidiary ICICI Prudential Life Insurance to approximately 52.8%.
• India Cements: Agreed to acquire a 26% stake in Amplus TN One Energy for up to ₹14.06 crore to meet captive green energy requirements and optimize power costs.
• Meesho: SoftBank Group Corp offered to sell approximately 70 million shares in the e-commerce firm via a block deal transaction.

📍 BANKING & FINANCIAL SERVICES

• RBL Bank: Mobilised nearly $3.40 billion (~₹324.72 billion) in deposits under the Reserve Bank of India's FCNR(B) swap facility as of August 31, with international banking unit loans against these deposits reaching $1.08 billion (~₹103.09 billion).
• Repco Home Finance: Outlined guidance targeting 20% growth in affordable housing loan assets under management (AUM) and fixed the record date for a ₹3 per share final dividend.

Tags: India Daybook Stocks in News Corporate News Stock Market Company News