Summary of Recently Awarded Contracts on 5 Feb 2025. GE Power India Limited Client: NTPC Limited Contract Value: ₹137.5 million (excluding 18% GST) Scope: Supply of generator parts for a Telangana site Nature of Contract: Parts supply Execution Timeline: 40 weeks Related Party Transaction: No Knowledge Marine & Engineering Works Limited (KMEW) Client: Dredging Corporation…
Kansai Nerolac Paints Limited and Rajshree Polypack Limited have announced expansions to enhance their production capacities, reflecting their commitment to meeting growing market demand. Kansai Nerolac Paints Limited Expansion Details: Increasing auto paint production capacity at its Sayakha plant by 4,200 KL per annum. New Capacity: Expanding from 11,940 KL per annum to 16,140 KL…
Styrenix Performance Materials Limited has entered into an agreement to acquire a 36.13% equity stake in Clean Max Jasper Pvt. Ltd. (CMJPL), a special purpose vehicle (SPV) established by Clean Max Enviro Energy Solutions Pvt. Ltd. for renewable energy generation and transmission. This acquisition aligns with regulatory requirements for captive power consumption under electricity laws…
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the acquisition of M/s Kandla Energy and Chemicals Limited by Deep Onshore Services Private Limited, a subsidiary of Deep Industries Limited. The acquisition will take place on a going concern basis under liquidation. This follows an earlier disclosure on August 1, 2024, regarding Deep Onshore…
Ganesha Ecosphere Limited has revealed plans to expand the capacity of its wholly owned subsidiary, GANESHA ECO PET PRIVATE LIMITED. The key details of the expansion are as follows: Increase in Production Capacity: Ganesha Ecosphere will enhance its production capacity by 90,000 tons per annum (TPA). This includes a previously announced expansion of 45,000 TPA…
Engineers India Limited (EIL) has been awarded a prestigious contract as the Project Management Consultant for the development of an Academic Institute of National Importance. Below are the key details: Project Overview: EIL will manage the development of an Academic Institute of National Importance. Role of EIL: EIL has been appointed as the Project Management…
HBL Engineering Limited, in partnership with Shivakriti International, has secured a significant order from the Ahmedabad Division of Western Railway. Below are the key details of the order: Consortium: The order was awarded to the HBL-Shivakriti Consortium, with HBL Engineering Limited (formerly known as HBL Power Systems Limited) leading the consortium. Customer: The order is…
RailTel Corporation of India Ltd. has secured three significant work orders, as outlined below: 1. Order from Department of Education, Samagra Shiksha Order Amount: ₹15,98,40,000 (Including Tax) Nature of Order: Supply and service Description: Establishment of Robotics, Drone, and Atal Tinkering Labs in 160 government schools across Himachal Pradesh as part of the STARS initiative….
Prestige Estates Projects Limited has made two major acquisitions, increasing its equity stakes in its subsidiary companies. Acquisition of Prestige Falcon Mumbai Realty Private Limited: Prestige Estates Projects Limited has acquired an additional 39% equity stake in its subsidiary, Prestige Falcon Mumbai Realty Private Limited. This acquisition raises the company’s total stake in Prestige Falcon…
Indus Towers Limited has entered into an agreement to acquire a 26% stake in Amplus Tungabhadra Private Limited. Below are the key details of the transaction: Target Company: Amplus Tungabhadra Private Limited. Sector: Amplus Tungabhadra operates in the renewable energy sector. Acquisition Objective: The acquisition aims to secure 50 MW of renewable energy from a…