NBCC (India) Limited has secured work orders worth ₹489.60 crore, as announced on December 16, 2024. The details of the awarded projects are as follows: 1. Construction of Eklavya Model Residential Schools in Chhattisgarh Awarding Authority: Department of Tribal and Scheduled Caste, Chhattisgarh Project Value: ₹459.60 crore Scope: Construction of schools at various locations across…
NITCO Limited, a leading supplier of tiles, marble, and mosaics, has received a significant order valued at ₹105.40 crore from Prestige Estates Projects Limited. The order, focused on the domestic market, is slated for completion within six months. Additionally, NITCO anticipates further orders worth ₹104 crore from Prestige Estates based on ongoing projects. These orders…
The Board of Directors of Ambuja Cements Limited approved a Scheme of Arrangement on December 17, 2024, for the amalgamation of Sanghi Industries Limited with Ambuja Cements Limited. Ambuja Cements, the promoter of Sanghi Industries, currently holds 58.08% of its equity share capital and 100% of its 8% non-convertible cumulative redeemable preference shares. Key Details…
Indian Metals & Ferro Alloys Limited (IMFA) has signed an agreement with JSW Green Energy One Ltd. and JSW Green Energy Seven Ltd. on December 17, 2024, to procure 70 MW of hybrid renewable power. This power will be supplied under a captive consumer structure, as outlined in the Electricity Act, 2003, and the Electricity…
Minda Corporation Limited and HSIN CHONG MACHINERY WORKS CO., LTD (“HCMF”) have established a joint venture named MINDA-HCMF TECHNOLOGIES PRIVATE LIMITED. Both companies will equally contribute 50% of the share capital in cash. Incorporated in India on December 16, 2024, the joint venture aims to develop, manufacture, assemble, and commercialize automotive sunroof solutions, closure technology…
Two Indian Companies Secure Major Contracts This article highlights significant order wins by two Indian companies: RailTel Corporation of India Ltd. On December 16, 2024, at 3:00 PM, RailTel Corporation of India Ltd. received a substantial order from the Central Warehousing Corporation. The order, valued at Rs. 37.99 crore (inclusive of taxes), involves the supply,…
Happiest Minds Technologies Limited has announced the merger of Aureus Tech Systems LLC (Aureus) with Happiest Minds Inc., effective December 14, 2024. Aureus, a wholly owned subsidiary of Happiest Minds Inc., was acquired on May 27, 2024. Happiest Minds Inc., based in the USA, operates as a wholly owned subsidiary of Happiest Minds Technologies Limited….