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Hartek group

04 April, 2020, 12:06 PM IST

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HARTEK GROUP

Hartek Solar bags 1-MW rooftop solar projects in Daman

The company has bagged opportunities presented by the solar policy of the recently merged UTs, that makes it mandatory for industrial units to install solar rooftop projects, riding on its high project execution standards. Evenly spread across Daman, these projects are scheduled to be commissioned by the end of the current financial year.

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  • "The policy will provide a lump-sum benefit in case the insured is diagnosed or quarantined for a suspected sign, symptoms or infection of COVID-19 and covers everyone from an infant who is 1-day old to a senior citizen up to 75 years," a company press release stated.

    The future group company is now rated BB+(Stable), technically in the junk category, compared with triple-B (negative) that qualifies as investment grade.

    The HDFC Group's support to the PM Cares Fund is to commend the exemplary efforts of the Central & State governments, armed and paramilitary forces, local police, healthcare professionals and sanitation workers across the country, who are working tirelessly day in and out to fight the pandemic," HDFC Ltd chairman Deepak Parek said in a statement.

    The Delhi-headquartered financier operates in the consumer lending and affordable housing segments.

    US Tech Workers, a non-profit which advocates more local hiring, has written to US President saying unemployment claims had gone up to 3 million in the previous week. “We urge you to pause the H-1B visa program that would bring in 85,000 workers this year and suspend the recently approved addition of additional 35,000 workers for the H-2B visa,” it said.

    The committee on communication and information will work closely with the regional media as well and is looking at addressing the psychological impact of the lockdown by coming up with a strategy to motivate people during the 21-day ‘stay at home’ directive.

    Tata Sons has objected to Mistry Group's plan to pledge a portion of its stake to raise money.

    The empowered group on supplies and logistics, headed by Ministry of Drinking Water and Sanitation secretary Parameswaran Iyer, and the logistics committee set up last week are looking at options centred on the daily-wagers.

    The Ahmedabad-headquartered company said it would contribute Rs 50 crore to the PM – CARES Fund and additional Rs 50 cr under various other initiatives concerning the pandemic.

    The group, which also includes Biocon, Oyo Hotels, Lemon Tree Hotels, Ginger Hotels, Zomato, SBI, HUL and Deutsche Bank, has identified about 80,000 hotel rooms across the country that can be converted into isolation rooms with medical supervision based on need. It is also pooling CSR funds to help patients with financial issues.

    The consortium, which also includes seven Formula One teams including McLaren and Mercedes, home to World Champion Lewis Hamilton, said they had pulled staff off existing projects to meet the national need. Some 1,228 people have died from coronavirus in the United Kingdom.

    As of the company’s 2019 annual report, JSW Steel has a net debt of Rs 42, 341 crores and JSW Energy has a net debt of Rs 2,879 crores.

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