Current Affairs - Business

Tata Motors has announced a strategic partnership with Hindustan Petroleum Corporation Ltd (HPCL) to establish a nationwide network of 5,000 public charging stations for electric vehicles (EVs) by the end of 2024. This collaboration leverages HPCL's extensive fuel station network to promote EV adoption and infrastructure development.

NTPC, the state-owned power giant, has secured a USD 200 million loan from JBIC for renewable projects, highlighting its commitment to expanding its renewable energy initiatives and contributing to India's sustainable development goals.

Adani Power Limited, a subsidiary of the Adani Group, received approval from the Competition Commission of India (CCI) for the complete acquisition of Lanco Amarkantak Power Limited. This acquisition marks a significant move in Adani Power's expansion within the thermal power generation sector.

Adani Ports and Special Economic Zone (APSEZ) acquired a commanding 95% stake in Gopalpur Port, located in Odisha, through a strategic acquisition deal valued at Rs 3,350 crore. This acquisition strengthens APSEZ's presence in the ports and logistics sector, consolidating its control over Gopalpur Port's operations and development.

The Gujarat Cooperative Milk Marketing Federation (GCMMF) is expanding Amul's reach by launching fresh milk products in the United States. This strategic move aims to cater to NRIs and the broader Asian community in the US, showcasing Amul's global growth strategy and commitment to serving diverse consumer preferences.