Vascon Engineers Limited has secured a Letter of Intent (LoI) valued at ₹85.43 crore (including GST) from Yucca Promoters LLP for the construction of a commercial building in Kalyani Nagar, Pune. The project encompasses excavation, backfilling, and the construction of the building on a lump sum basis. The work is scheduled for completion within three…
Vascon Engineers Limited has received a Letter of Intent worth ₹225.46 crore (excluding GST and Labour Cess) from Royal Rides Pvt Ltd. The project involves the construction of two terminal buildings and ropeway tower works at Panaji and Reis Magos in Goa. Awarded on a “Design and Build” basis, the project is scheduled for completion…
Panacea Biotec Limited has announced the receipt of an additional award from UNICEF for the supply of 40 million doses (2 million vials) of its bivalent oral polio vaccine (bOPV). This new order is valued at approximately US$ 5.20 million (~₹44 crore) and will be executed in the third quarter of calendar year 2025. This…
PNC Infratech Limited has been declared the L1 (lowest) bidder for a major EPC (Engineering, Procurement, and Construction) project awarded by the Public Works Department (PWD) of Rajasthan. The project involves the construction of a flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City, Rajasthan. The quoted project value stands at ₹239.94 crore,…
Somi Conveyor Beltings Limited has announced the receipt of major new orders totaling ₹48.64 crore. The company secured a significant purchase order from NLC India Limited, Neyveli, Tamil Nadu, valued at ₹47.80 crore for the supply of steel cord conveyor belts. Additionally, Somi Conveyor received an order worth ₹0.84 crore from Maharashtra State Power Generation…
H.G. Infra Engineering Limited (HGINFRA) has been declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd (GUVNL) for setting up 300 MW/600 MWh of Standalone Battery Energy Storage Systems. This is part of a larger 500 MW/1000 MWh project initiated under Phase-VI of the Tariff-Based Global Competitive Bidding process. The project involves setting up…
PSP Projects Limited has announced the receipt of a new work order for the “Civil Structure and Finishes Work for BIFC-2 Building” at GIFT City, Gandhinagar, Gujarat. Awarded by Brigade (Gujarat) Projects Private Limited, the project is valued at ₹107.10 crores (excluding GST) and falls under the Institutional Category. The project is scheduled for completion…
Tanla Platforms Limited has announced the approval of a Scheme of Arrangement for the merger of its step-down subsidiary, Gamooga Softtech Private Limited, with its wholly owned subsidiary, Karix Mobile Private Limited. The Boards of Directors of both Karix and Gamooga approved the merger on April 24, 2025. Key Details of the Merger: Entities Involved:…
On April 23, 2025, Rane (Madras) Limited (RML), a subsidiary of Rane Holdings Limited, allotted 59,58,439 equity shares of ₹10 each pursuant to the approved Scheme of Amalgamation involving Rane Engine Valve Limited and Rane Brake Lining Limited merging into RML. Following this allotment, Rane Holdings’ stake in RML stands at 1,76,31,213 equity shares, representing…
On April 23, 2025, Piramal Healthcare Inc. (PHI), a material step-down wholly owned subsidiary of Piramal Pharma Limited (PPL), entered into a Stock Subscription Agreement and Loan Conversion Agreement to subscribe to 1,903 optionally convertible redeemable preference shares (OCRPS) of PPL Pharma Inc., another step-down wholly owned subsidiary of PPL. Each OCRPS has a face…