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CPP receives over Rs 30 cr orders during lockdown

·1-min read

Mumbai, Aug 13 (PTI) Chemical Process Piping (CPP) on Thursday said it has received orders of over Rs 30 crore during the lockdown, making it the largest set of orders ever for the company.

CPP will supply critical chemical piping to Tata Chemicals, GACL and Nirma, while spray headers/piping for flue gas desulphurisation (FGD) will be supplied to L&T, it said in an official statement.

* * * * Inox Group to be official sponsor for Indian contingent at Tokyo Olympics Inox Group on Thursday said it has signed a sponsorship agreement with the Indian Olympic Association to support Team India at the summer games in Tokyo next year.

Inox will be the official sponsor of the Indian contingent at the games and will also promote the initiative through its entertainment company, as per an official statement.

* * * * Incred Asset Management acquires Vishuddha Capital Incred Asset Management on Thursday announced the acquisition of equity focused alternative investment fund Vishuddha Capital Management LLP for catering to the needs of its investors.

Vishuddha was founded in 2018 by Aditya Sood, a former fund manager at ICICI Prudential AMC Portfolio Management Services.

This is the first deal struck by Incred since the appointment of Punita Kumar Sinha to spearhead the asset management business, an official statement said. PTI AA RVK