RailTel Corporation of India Secures Rs. 78 Crore IT Security Contract from BCCL RailTel Corporation of India Ltd. has secured a prestigious contract from Bharat Coking Coal Limited (BCCL) for implementing an Integrated IT-Based Security Infrastructure along with Various Services. The contract, valued at Rs. 78.43 crores (inclusive of tax), was awarded on December 31,…
Godawari Power & Ispat Limited (GPIL) Secures 51% Stake in Jammu Pigments Limited (JPL) Godawari Power & Ispat Limited (GPIL) has acquired a controlling 51% stake in Jammu Pigments Limited (JPL), a leading entity in the non-ferrous metal recycling sector. Finalized on January 1, 2025, this acquisition underscores GPIL’s strategic intent to diversify its operations…
Indo Tech Transformers Limited Plans INR 75 Crore Capital Expenditure to Boost Capacity to 16,000 MVA Indo Tech Transformers Limited has announced a capital expenditure proposal of INR 75 Crores to enhance its plant capacity to 16,000 MVA. The project will be executed over the financial years 2024-2027 and will be financed through internal accruals…
Jupiter Life Line Hospitals Adds 78 Beds at Indore Hospital, Total Capacity Reaches 1,061 Beds Jupiter Life Line Hospitals Limited has announced that an additional 78 beds have become operational at its Indore Hospital as of January 1, 2025. This expansion brings the total bed capacity for the company and its subsidiary to 1,061 beds….
MoD Awards ₹1,990 Crore Contract to Mazagon Dock for AIP Plug Integration into Submarines The Ministry of Defence (MoD) has awarded a significant contract worth ₹1,990 crore to Mazagon Dock Shipbuilders Limited (MDL) on December 30, 2024. The contract pertains to the construction of an Air Independent Propulsion (AIP) Plug for the DRDO-AIP system and…
Indo-Tech Transformers Limited Secures 13 Units of 150 MVA Transformers Worth ₹117.17 Crore Indo-Tech Transformers Limited (ITTL) announced a significant order for 13 units of 150 MVA transformers on December 31, 2024. The order, valued at INR 117.17 crore plus applicable taxes, was placed by a domestic entity and involves monthly deliveries, with the final…
Newgen Software Technologies Secures Four Major Contracts Worth INR 208.98 Crore & USD 3.47 Million Newgen Software Technologies Limited (NSTL) secured four significant contracts on December 31, 2024, marking a strong conclusion to the year. The company disclosed each contract separately, showcasing its diverse offerings and global reach. Key Contract Details: Domestic Contract: Scope: Newgen…
Power Mech Projects Secures ₹294 Crore Thermal Power Plant Order from Adani Power Power Mech Projects Limited (POWERMECH) has bagged a significant ₹294 crore contract from Adani Power Limited (APL) for the Korba Phase-II Thermal Power Project (2×660 MW). The order excludes GST and includes a potential incentive of ₹1.25 crore per unit for timely…
RITES Limited Secures Major International Highway Project in Guyana RITES Limited has won a significant international contract from the Ministry of Public Works, Government of the Co-operative Republic of Guyana. The project involves providing engineering services for the design, build, and finance of the Palmyra to Moleson Creek Highway (Lot 1-3). Read also : Piramal…
Piramal Enterprises Infuses ₹1,000 Crore into Subsidiary to Drive Growth Piramal Enterprises Limited (PEL) has invested ₹1,000 crore in its wholly owned subsidiary, Piramal Capital & Housing Finance Limited (PCHFL). This strategic infusion, executed through a rights issue, aims to strengthen PCHFL’s business operations and support its corporate objectives. Despite the capital injection, PEL’s shareholding…