GE Power India Limited (GEPIL) has announced an expansion of its existing contract with GREENKO KA01 IREP Pvt. Ltd. for the Saundatti Pumped Storage Project in Belagavi, Karnataka. This addition involves engineering, manufacturing, procurement, supply, and installation of electromechanical equipment for an extra 320 MW unit, valued at ₹2,735 million (excluding taxes). The project is…
Kernex Microsystems (India) Limited has been awarded a significant contract by South Eastern Railway for the implementation of the ‘Kavach’ Automatic Train Protection (ATP) system. This project, valued at ₹325.33 crore (including GST), encompasses the supply, installation, testing, and commissioning of Kavach over 688 Route Kilometers (RKM) in the Kharagpur and Chakradharpur divisions. Project Overview…
In a significant move to stimulate lending and bolster economic growth, the Reserve Bank of India (RBI) has revised its risk weight norms, leading to a notable surge in banking and Non-Banking Financial Company (NBFC) stocks. This policy adjustment is poised to enhance the lending capacity of financial institutions and address liquidity challenges faced by…