Azad Engineering Limited has signed a long-term contract worth $112 million (INR 960 crores) with GE Vernova International LLC, USA. The agreement involves supplying advanced, complex rotating and stationary airfoils for gas turbine engines to meet global power generation demand. Spanning six years, this deal will bolster the strategic partnership between the two companies.
Bharat Dynamics Limited has entered into a Rs. 2960 crore contract with the Ministry of Defence to supply Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy. The agreement was finalized on January 16, 2025.
EMS Limited received a Letter of Award from Deltabulk Shipping India Private Limited for the development, operation, and maintenance of a Multimodal Logistics Park (MMLP) in Nagpur. Valued at Rs. 105.08 crores, this project aligns with the PM Gati Shakti initiative for multi-modal connectivity and is expected to be completed within eight months.
J. Kumar Infraprojects Limited secured a Letter of Award from NBCC (India) Limited for the “Development of Silicon City Phase-IV Group Housing” at Plot No. GH 01A, Sector-76, Noida (UP). The Rs. 1073.39 crore EPC-based project, which includes operation and maintenance, will be completed in 24 months.
Nesco Limited emerged as the highest bidder for developing, operating, and maintaining wayside amenities on the Raipur-Visakhapatnam Expressway under a lease agreement with National Highways Logistics Management Limited. The project involves four sites with an estimated development cost of Rs. 50 crores each. The company anticipates annual revenue of Rs. 300 crores from year 4 of operations. The lease term is 30 years, with an option to extend for an additional 30 years.
NITCO Limited has secured a Rs. 50 crore order from Hindustan Associates, a leading tile dealer in Mumbai. The order includes Rs. 4 crores allocated for Q4 of the current financial year and Rs. 46 crores for the next financial year. Signed on January 15, 2025, this deal marks NITCO’s first annual tie-up post-restructuring and will be fulfilled over the next year.