Multiple Companies Announce Key Developments Including Paras Defence's Semiconductor Expansion and HPCL's LNG Agreement
Paras Defence and Space Technologies Ltd has established a new subsidiary, Paras Semiconductor Pvt. Ltd., to advance semiconductor technologies for defense applications. Additionally, HPCL signed a 10-year LNG Sale Purchase Agreement with Abu Dhabi Gas Liquefaction Company, while several other companies, including Waaree Energies and Sanghvi Movers Botswana, announced significant contracts and projects in various sectors.
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Paras Defence and Space Technologies Ltd has launched a new subsidiary, Paras Semiconductor Pvt. Ltd., focusing on semiconductor technologies for defense and security applications. Ola Electric Mobility has appointed Deepak Rastogi as CFO, effective January 20, 2026, following Harish Abichandani's resignation.
Suyog Gurbaxani Funicular Ropeways Ltd completed and inaugurated a ropeway project in Maharashtra on January 18, 2026. HPCL signed a 10-year Sale Purchase Agreement for LNG with Abu Dhabi Gas Liquefaction Company.
Waaree Energies received a 210 MW solar module order and a subsidiary secured a 2000 MW solar module order in the U.S. Sanghvi Movers Botswana was awarded a $4.3 million contract from Jindal Energy Botswana.
GMDC received rare earth processing technology from BARC for its Ambadungar project. Trishakti Industries secured a work order from Afcons Infrastructure for machinery deployment, and Lemon Tree Hotels signed a new property management agreement in Uttarakhand. Highway Infrastructure Ltd received a ₹64.69 crore LOA for a project in Delhi and Haryana, while Niraj Cement Structurals was awarded work orders for railway construction valued at ₹230.06 crore.
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