HCL Infosystems wins project worth Rs100 crore from Himachal Pradesh State Electricity Board

HCL Infosystems Ltd, a major information enabling company, said it has secured re-structured accelerated power development and reform program project worth nearly Rs100 crore from Himachal Pradesh State Electricity Board.

The project will involve use of a state wide solution to establish the baseline data and IT applications for energy auditing and IT based consumer service centres in 14 towns, comprising 30 sub-division offices and 293 other offices.

HCL Infosystems will be setting up a disaster recovery centre, and also modernise the existing data centre along with creating a wide area network.

On Monday, HCL Infosystems shares climbed 4.6% to Rs131 on the Bombay Stock Exchange, while the benchmark Sensex closed 2.2% higher at 19,208 points.

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Kale Consultants promoters to sell 35.61% stake to Accelya Holdings at Rs172 per share

IT software solutions provider, Kale Consultants Ltd said its promoters have signed a share purchase agreement with Barcelona-based Accelya Holding World.

According to the agreement, the promoters have agreed to sell their 56.7 lakh shares to Accelya or about 35.6% at Rs172 per share, for cash.

On Monday, Kale Consultants shares jumped 12.9% to Rs161 on the Bombay Stock Exchange, while the benchmark Sensex closed 2.2% higher at 19,208 points.

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Aqua Logistics to buy Star Distribution Logistics

Third-party logistics (3PL) services provider Aqua Logistics Ltd said it signed an agreement to buy Chennai-based logistic company, Star Distribution Logistics Pvt Ltd. No financial details were provided.

Initially, Aqua Logistics will acquire a 40% stake in the company and an additional 20% equity stake will be acquired in two years subject to certain terms and conditions as per business performance targets to be achieved by Star Distribution.

With this acquisition, Aqua Logistics will strengthen its distribution and reverse logistics capability and acquire new clients, the company said in a statement.
On Monday, Aqua Logistics shares ended 1% up at Rs594 on the Bombay Stock Exchange, while the benchmark Sensex closed 2.2% higher at 19,208 points.

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