Knowledge Marine & Engineering Works Ltd. Secures Major Tugboat Contract Knowledge Marine & Engineering Works Ltd. (KMEW) has been awarded a significant contract by the V.O. Chidambaranar Port Authority. The project involves supplying, manning, operating, and maintaining a 60T Bollard Pull Azimuth Stern Drive (ASD) Tug for a period of seven years. Valued at ₹96.24…
RITES Emerges as Top Bidder for Highway Upgrade Project in Guyana RITES Limited has secured the top position (H-1 bidder) in a Quality and Cost-Based Selection (QCBS) evaluation for a major highway upgrading project in Guyana. The project involves providing engineering services for the design, construction, and financing of the Palmyra to Moleson Creek Highway…
RailTel Secures Major MPLS Services Order from EPFO On December 6, 2024, RailTel Corporation of India Ltd. announced a significant achievement by securing a major order from the Employees Provident Fund Organisation (EPFO). The contract, valued at ₹16,22,32,280 (inclusive of taxes), involves providing MPLS services to 140 locations. This project underscores RailTel’s technical prowess and…
Easy Trip Planners Limited Announces Strategic Equity Acquisitions Easy Trip Planners Limited is expanding its business portfolio with equity acquisitions in three companies: Pflege Home Health Care Center L.L.C, Jeewani Hospitality Private Limited, and Planet Education Australia Pty Ltd. These acquisitions will be executed via share swaps, where Easy Trip Planners will issue its own…
Tembo Global Industries Limited Announces Major Order for Water Irrigation Project Tembo Global Industries Limited, listed with the stock symbol TEMBO and ISIN INE869Y01010, has secured a significant order for a domestic water irrigation project. Key Highlights: Order Value: INR ₹529,016,880 (~₹52.9 Crore). Details: Supply of Ductile Iron (DI) pipes for a water irrigation initiative…
Why Did the Market Rally Today? Key Factors Explained The stock market saw a strong rally today, with the Nifty surging by nearly 240 points. Here’s a breakdown of the key reasons behind the market movement: Morning Trends: The market opened with a gap-up start, showing initial optimism. However, it experienced a slight slide before…
HSCC (India) Limited Secures Two Major Work Orders in Maharashtra HSCC (India) Limited, a wholly owned subsidiary of NBCC (India) Limited, has received two significant work orders from the National Health Mission, Maharashtra, amounting to a total of approximately Rs. 599.35 crore. Details of Work Orders: Hinduhridaysamrat Balasaheb Thackery Aapla Dawakhana: Scope: Establishment and operations…
Lemon Tree Hotels Limited Secures Orchid Hotel Redevelopment Project in Shillong Lemon Tree Hotels Limited (LTHL) has been awarded a significant redevelopment project for the Orchid Hotel in Shillong, Meghalaya, by the Government of Meghalaya’s Directorate of Tourism. Award Details: LTHL received the Letter of Award (LoA) for the redevelopment, operation, and maintenance of the…
Tantia Constructions Secures Passenger Ropeway Contract in Shillong Tantia Constructions Limited (TCL), in a consortium with a third party, has been awarded a significant contract by the Directorate of Tourism, Shillong, Meghalaya. The total contract value is Rs. 151 Crores, with TCL holding a 60% share in the consortium. The project involves the design, supply,…
Kirloskar Pneumatic Acquires Majority Stake in Systems and Components (India) Pvt. Ltd. Kirloskar Pneumatic Company Limited (KPCL) has successfully acquired 55.26% equity shares of Systems and Components (India) Private Limited (S&C) on December 4, 2024. Following this acquisition, S&C is now a subsidiary of KPCL. The acquisition was executed under the Share Purchase and Shareholders’…