Reliance, Infosys and others announce key corporate moves across sectors

Infosys has inaugurated a new 330,000-sq. ft. Software Development Block (SDB-2) at its Indore Development Center in the Super Corridor, expanding its footprint in Central India and reinforcing its commitment to the region’s technology and talent ecosystem.

Krsnaa Diagnostics Limited has entered into a concession agreement with the Punjab Health Systems Corporation to develop, operate, and maintain PET-CT diagnostic facilities at four government hospitals in Punjab. The 15-year PPP project follows the DBFOT model and comes after the Letter of Award issued on August 14.

Mazagon Dock Shipbuilders Ltd has signed an MoU with National Shipbuilding Heavy Industries Park Maharashtra Limited to act as the Anchor Shipyard in the proposed Greenfield Shipbuilding Industrial Cluster at Dighi, Maharashtra. The facility aims for an annual shipbuilding capacity of at least 1.2 million Gross Tonnage, focusing on large commercial vessels.

Motilal Oswal Financial Services and its key subsidiaries have had their long-term credit rating upgraded by India Ratings and Research to ‘IND AA+’ with a Stable Outlook from ‘IND AA’ with a Positive Outlook. The upgrade covers NCDs and bank loan facilities of MOFSL, MOHFL, and MOFL, while commercial paper programmes of MOFSL, MOFL, and MOWL retain their ‘IND A1+’ rating.

Fortis Healthcare Ltd has signed definitive agreements with Seth Sunder Lal Jain Charitable Eye Hospital to provide healthcare services at a 400+ bedded super specialty hospital in Ashok Vihar, New Delhi. The hospital is expected to begin operations in 3-4 years, subject to approvals, and the healthcare services agreement has a 29-year term with an option to extend.

Granules India Ltd has approved the allotment of 2,49,82,906 fully paid-up equity shares of face value Re. 1/- each to four promoter group members, following the conversion of warrants. Each warrant was converted at ₹585 per share, with total consideration amounting to ₹1,461.50 crore across two funding stages.

Fine Organic Industries Ltd has infused ₹55 crore into its wholly owned subsidiary, Fine Organic Industries (SEZ) Private Limited, by subscribing to 5,50,00,000 1% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares at ₹10 per share to support a new manufacturing unit.

Venus Pipes Tubes Limited has approved a preferential issue of up to 22,27,544 equity shares at ₹1,670 per share, aggregating to approximately ₹372 crore. The shares, with a face value of ₹10 each, are to be issued to 18 identified non-promoter public investors, with Inga Ventures Private Limited as financial advisor.

Highway Infrastructure Ltd has received a Letter of Acceptance worth ₹105.08 crore for the first year from Uttar Pradesh Expressways Industrial Development Authority for user fee collection and toll plaza operations on the Gorakhpur Link Expressway, with a 10% annual escalation thereafter, leading to a two-year total value of ₹220.66 crore.

Praveg Ltd has received a Letter of Acceptance dated September 16, 2026, from Tourism Corporation of Gujarat Limited for event infrastructure and operations at the Statue of Unity Area in Gujarat, with an accepted contract value of about ₹13 crore plus applicable GST.