Ola Electric Expands S1 Pro+ Deliveries; Adani Group Plans Rs 1.8 Lakh Cr Defence Investment
Ola Electric has commenced deliveries of its S1 Pro+ electric scooter powered by Bharat Cell in select regions of Tamil Nadu, Kerala, Telangana, and Karnataka. Meanwhile, the Adani Group plans to invest Rs 1.8 lakh crore by 2026 in defence manufacturing, focusing on unmanned systems and guided weapons, while other companies like GMR Group and Coforge are progressing with significant projects and acquisitions.
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Ola Electric has begun deliveries of its 4680 Bharat Cell-powered S1 Pro+ (5.2 kWh) in Tamil Nadu, Kerala, Telangana, and Karnataka, with a focus on Coimbatore, Kochi, and Hyderabad, and ramping up in Bengaluru. Adani Group plans to invest Rs 1.8 lakh crore in 2026 for defence manufacturing, focusing on unmanned systems and guided weapons.
Adani Defence & Aerospace will enhance capabilities and infrastructure next year. Monarch Surveyors received a work order for a track measurement survey valued at Rs 3.3 crore. GMR Group qualified to bid for the $800 million Taif International Airport project in Saudi Arabia under a PPP model.
Avantel Ltd secured a Rs 4.16 crore contract for Satcom equipment maintenance from the Ministry of Defence. Coforge will acquire Encora for $2.35 billion in an all-stock deal. CuraTeQ Biologics terminated its agreement with BioFactura for a biosimilar product.
Sigachi Industries' CEO was remanded amid an investigation into a fire at its Hyderabad unit. Steel Strips & Wheels approved a lease for land in Gujarat to expand manufacturing capacity.
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