L&T’s construction arm bags orders worth Rs 1,881 crore

Larsen & Toubro’s (L&T) construction arm — L&T Construction’s Power Transmission & Distribution Business has received EPC orders worth Rs 1,881 crore. The business has secured major orders for constructing 22 132/11kV Substations in the State of Kuwait. On the domestic front, orders were secured for implementation of a High Voltage Distribution System in the … Read more

RIL’s telecom arm to create ‘Digital Uttarakhand’

 Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) — will connect most of the 2,385 plus government schools and colleges with high-speed internet in order to convert ‘Devbhoomi Uttarakhand’ into ‘Digital Devbhoomi’ in coming 2 years. The company will improve the delivery of healthcare, education and government services and improve the life of … Read more

Eicher Motors’ arm to set up new manufacturing facility at Bhopal

Eicher Motors’ unlisted subsidiary — VE Commercial Vehicles (VECV) has decided to set up a new manufacturing facility at Bhopal. The existing capacity is 90,000 vehicles and the proposed capacity addition is 40,000 vehicles. The Period within which the proposed capacity is to be added is 18‐24 months. The investment required for setting up new … Read more

Wipro selected as member of Dow Jones Sustainability World Index

Wipro has been selected as a member of the global Dow Jones Sustainability World Index (DJSI) – 2018 for the ninth year in succession. The S&P DJSI (World) is the gold standard for corporate sustainability. Inclusion in DJSI (World) index is based on a rigorous analysis of a company’s performance on 600 data points spread … Read more

Mercator’s Promoter hikes stake in the company

Mercator’s Promoter and Executive Chairman, Harish Kumar Mittal has purchased 1,000,000 equity shares from the open market. With this acquisition, the total promoter holding in Mercator has increased to 31.17%. Mercator is one of India’s largest private sector Dredging Company. The group has a presence in varied segments namely shipping, offshore services, oil exploration and … Read more

MEP Infrastructure Developers’ arm achieves first milestone for road project in Gujarat

MEP Infrastructure Developers’ Subsidiary — MEP SANJOSE Talaja Mahuva Road — has achieved the Milestone-1 for the project of Four Laning of Talaja- Mahuva Section of NH – 8E from Km. 53.585 to Km. 100.100 (design chainage from Km. 54.990 to Km.100.450) (Package – II) in the state of Gujarat on Hybrid Annuity mode under … Read more

Karma Energy to acquire six Wind mills from Weizmann Forex

Karma Energy has decided to acquire the 6 Nos. of Wind mills together related land, other accessories and components from Weizmann Forex. The Board of Directors of the company at its meeting held on October 6, 2018, decided the same. The existing capacity is 34.95 MW installed in the states of Andhra Pradesh, Tamil Nadu … Read more

BREAKING NEWS:
Ban on Vehicles and Horns: Delhi-Dehradun Expressway Rules Jio launches cheapest one-year recharge plan! Samsung Galaxy S25 series price cut by ₹30,000 in India!