Latest news with #JVA
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Business Standard
10-07-2025
- Business
- Business Standard
This smallcap realty stock jumped 9% after acquiring 2 prime land parcels
Peninsula Land share price jumped 9.2 per cent, logging an intraday high at ₹39.5 per share on Thursday. At 10:23 AM, Peninsula Land shares were up 7.47 per cent at ₹38.86 per share on the BSE. In comparison, the BSE Sensex was down 0.22 per cent at 83,353.69. The company's market capitalisation stood at ₹1,259.07 crore. Its 52-week high was at ₹71.49 per share and 52-week low was at ₹21.05 per share. Why are Peninsula Land shares rising in trade? The buying on the counter came after the company announced acquiring two prime land parcels in Sogaon, Alibaug (11 acres) and Bhilawale, Karjat (29 acres). The company had recently set up an ₹765 crore Real Estate development platform through an equity partnership with investors, Alpha Alternatives and Delta Corp. A joint venture agreement (JVA) was formed on June 24, 2024, to create a real estate platform in partnership with Alpha Alternatives Special Situations Fund and Delta Corp Limited. As part of this platform, a special purpose entity—Prairie Real Estate LLP—has acquired around 11 acres of land in Sogaon, Alibaug, for a proposed premium plotted development project. This is the second such acquisition under the JVA, following earlier deals totalling approximately 32 acres in Bhilavale, Karjat. So far, the JVA partners have committed approximately ₹216 crore to these real estate projects. These developments, along with others planned under the JVA, are expected to support the company's long-term growth. The upcoming projects in Alibaug and Karjat are poised to offer buyers more than just land. Designed as premium plotted communities, they will feature modern infrastructure, curated amenities, and a secure living environment—elements rarely seen in standalone land transactions. These plots are targeted toward investors, second-home buyers, and urban families seeking a long-term lifestyle upgrade or a luxury getaway Further, in the past, the company launched AshokVann in Pune in 2023, offering 321 plots, followed by AshokVistas in 2025, which featured 125 plots and received an overwhelming response—with nearly all inventory sold out on Day 1. In addition to Pune, Peninsula Land has its plotted land portfolio across Nashik, Goa, and Lonavala, reinforcing its commitment to developing high-potential land destinations that align with lifestyle aspirations and future growth corridors.
IOL News
03-07-2025
- Business
- IOL News
UKZN and Youtility partner to revolutionise South Africa's energy landscape with AI-driven technology
At the signing of the significant Joint Venture Agreement were Wayne Mostert, Director at Youtility (front left) and Professor Anil Chuturgoon (Acting Deputy Vice-Chancellor for Research and Innovation at UKZN). Professor Leigh Jarvis, Acting Director of the UKZN Eskom Power Engineering Program (back left), Professor Neil Koorbanally (Acting Dean of Research at UKZN), and Dr Nhlanhla Msomi (Director of Innovation at UKZN). Image: Supplied In a monumental step towards redefining South Africa's energy future, the University of KwaZulu-Natal (UKZN) has announced a strategic Joint Venture Agreement (JVA) with Hong Kong tech company Youtility. This collaboration promises to harness cutting-edge, AI-driven technology to enhance how electricity is produced, managed, and distributed—setting the stage for a cleaner, more sustainable energy model. The JVA aligns with UKZN's vision of evolving into South Africa's first predominantly renewable green university. With Eskom Distribution already expressing interest in the project's potential, the agreement positions UKZN as a pioneering test bed for next-generation energy technologies. This collaborative framework not only aims at local energy independence but also aspires to provide a blueprint that could influence national energy distribution policies in the years to come. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading During the launch event at UKZN's Westville campus, Acting Deputy Vice-Chancellor for Research and Innovation, Professor Anil Chuturgoon, described the partnership as a 'defining moment' in addressing South Africa's chronic energy issues. He emphasised, 'This concept of green energy is going to transform the energy landscape in South Africa.' Professor Leigh Jarvis, Acting Director of the UKZN Eskom Power Engineering Program, echoed these sentiments, asserting that the partnership represents a commitment to transformative change. 'At its core, the recognition that the future of electricity lies in disruption networks and decentralised energy systems is essential. Microgrids powered by solar energy, storage solutions, and advanced operational systems are becoming key pillars in creating a resilient, flexible, and inclusive energy landscape,' he noted. Youtility's Director, Wayne Mostert, detailed how their flagship technology, the AI-driven operating system called Wizdom, will reshape electricity management. He likened the anticipated shift in the utility sector to the digital disruption experienced in entertainment media. 'Where Blockbuster failed to adapt, Netflix scaled using data and customer-centricity. Similarly, Youtility aims to reform the utility landscape with a decentralised, user-centred infrastructure,' Mostert explained. The strategic rollout will begin at the Westville campus, encompassing all five UKZN campuses—Howard, Edgewood, Medical School, and Pietermaritzburg—over the coming phases. The initiative promises not only to bolster local energy independence but to cultivate a hands-on learning environment for students involved in managing and maintaining this advanced system. Students will also gain invaluable experiential learning by participating in real-world applications of energy technology, contributing to research, and potentially launching spin-off companies that stem from this partnership. Professor Jarvis elaborated on this dual advantage: 'This collaboration paves the way for student-led innovations and a direct connection between academic learning and the industries that will shape our energy future.' Addressing the prevalent issue of load shedding, the innovative energy model offers a compelling solution. By employing a decentralised approach, UKZN will begin generating power on-site through over 2,000 solar panels and battery storage units. The intelligent management by Wizdom will ensure a steady power supply, buffering against national grid failures by allowing each campus to operate independently during outages. Through this sustainable setup, UKZN aims not only to reduce operational costs but also generate bill savings for consumers. By introducing real-time blockchain billing, consumers will have unmatched transparency concerning their energy usage—paying only for what they consume, reducing the likelihood of electricity theft and restoring fairness to billing practices. In its pursuit of becoming the country's most environmentally sustainable university, UKZN aims to generate clean energy daily while significantly decreasing fossil fuel reliance. The project also envisions creating an innovation hub for energy technology at the university, further bridging the gap between academia and industry in the broader fight against climate change.
Business Upturn
26-06-2025
- Automotive
- Business Upturn
ASK Automotive enters JV with Germany's TDH to manufacture sunroof control cables for passenger vehicles
By Aman Shukla Published on June 26, 2025, 15:33 IST ASK Automotive Limited has officially entered into a Joint Venture Agreement (JVA) with Germany-based T.D. Holding GMBH (TDH) for the production and marketing of sunroof control cables and helix cables for passenger vehicles. This move follows board approval on June 25, 2025, and marks a strategic collaboration to tap into the growing demand for advanced automotive components in India. The new joint venture company (JV Co.), to be incorporated in India, will focus on supplying these specialized components to OEMs, Original Equipment Suppliers, and Tier 1 suppliers in the Indian automotive market. Under the agreement, TDH will hold a 51% stake in the JV Co., while ASK will own 49%. The board of directors for the JV Co. will comprise five members, with ASK nominating two and TDH three. TDH will also contribute its technical expertise and manufacturing know-how to the venture, ensuring global-quality standards in product development. Both parties have confirmed there are no related party concerns or conflicts of interest, although two directors will be common to both ASK and the JV Co. This partnership reflects ASK Automotive's commitment to expanding its product offerings and deepening its presence in the high-precision component segment, especially for the evolving needs of India's passenger vehicle industry. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
26-06-2025
- Automotive
- Business Standard
Ask Automotive gains after board OKs for JV with T.D. Holding
Ask Automotive added 2.93% to Rs 516 after its board approved entering into a joint venture with T.D. Holding GMBH (TDH) to manufacture, market, and sell sunroof control cables and helix cables for passenger vehicles through a joint venture company. The joint venture company will be incorporated following the execution of the joint venture agreement (JVA). The company will hold a 49% equity stake in the JV Co. and will infuse funds upto Rs 2.45 crore in one or more tranches. Of this 49 lakh will be invested at the time of incorporation. The remaining 51% stake in joint venture company will be held by TDH. Ask Automotive is the largest manufacturer of brake shoes and advanced braking systems for two wheelers in India. The company has diversified its operations and offers products inder advanced braking systems, aluminium light weighting precision solutions and safety control cables business segments. The companys consolidated net profit jumped 20.6% to Rs 57.61 crore on 8.6% increase in net sales to Rs 849.67 crore in Q4 FY25 over Q4 FY24.
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Business Standard
26-06-2025
- Automotive
- Business Standard
ASK Automotive hits record high on JV with TD Holding; up 18% in 7 sessions
Shares of ASK Automotive rose over 5 per cent on Thursday after the board approved forming a joint venture with Germany's T.D. Holding GMBH to manufacture and market sunroof and helix cables. The auto components maker's stock rose as much as 5.14 per cent during the day to ₹526.6 per share, the biggest intraday gain since June 18 this year. The stock pared gains to trade 3.14 per cent higher at ₹516.6 apiece, compared to a 0.35 per cent advance in Nifty 50 as of 11:15 AM. Shares of the company have gained for the seventh straight session, rising over 18 per cent in the process. The counter has risen 8.6 per cent this year, compared to a 7 per cent advance in the benchmark Nifty 50. ASK Automotive has a total market capitalisation of ₹10,193.26 crore, according to BSE data. ASK Automotive - TD Holding joint venture ASK Automotive's Board of Directors, at its meeting held on June 25, 2025, approved entering into a joint venture with T.D. Holding GMBH (TDH) to manufacture, market, and sell sunroof control cables and helix cables for passenger vehicles. The new Joint Venture will be incorporated following the execution of the Joint Venture Agreement (JVA), the company said in the exchange filing on Wednesday. ASK Automotive will hold a 49 per cent stake in the JV and invest up to ₹2.45 crore in one or more tranches, including an initial infusion of ₹49 lakh at the time of incorporation. The remaining 51 per cent stake will be held by TDH, accordong to the statement. ASK Automotive Q4 results The company's net profit rose 20.62 per cent to ₹57.61 crore in the quarter ended March 2025, compared to ₹47.76 crore in the same quarter of the previous year. Revenue increased 8.58 per cent to ₹849.67 crore, up from ₹782.51 crore in the March 2024 quarter. ASK Automotive has been supplying safety systems and critical engineering solutions with in-house designing, developing and manufacturing capabilities. Their offerings are powertrain agnostic, catering to electric vehicle (EV) as well as internal combustion engine (ICE) original equipment manufacturers (OEMs). The company operate nearly 15 manufacturing facilities across five states in India and is developing one new manufacturing facility in Rajasthan as well.
