Ahluwalia Contracts, RailTel Corporation and Rail Vikas Nigam to see some action today

05 Jul 2024 Evaluate

Ahluwalia Contracts (India) has secured an order from Airports Authority of India for Construction of New Terminal Building, Allied Structure and External Development works on Engineering Procurement and Construction (EPC) Model. Broad Consideration or size of the order is Rs 572 crore (Excluding GST). The said order is expected to be executed in 24 months.

RailTel Corporation of India has received the work order from Webel Technology for Upgradation and Enhancement of existing IT & Non-IT DC infrastructure at WBSDC Monibhandar. Broad consideration or size of order is Rs 23.96 crore (Including Tax). The said order is expected to be executed by September 25, 2024.

Rail Vikas Nigam has signed Memorandum of Understanding (MoU) with M/s Delhi Metro Rail Corporation (DMRC) for participation in the upcoming projects in India and abroad as Project Service Provider for Metro/ Railways/ High Speed Rail/ Highways/ Mega Bridges/ Tunnels/ Institutional Buildings/ Workshops or Depots/ S&T works/ Railway Electrification.

Sanghvi Movers has incorporated a Wholly Owned Subsidiary namely ‘Sangreen Logistics’ on July 03, 2024. Sangreen Logistics will provide end to end logistic solutions and supply chain management in all forms including consolidation, transportation (road, water, sea), handling and distribution, warehousing storage and all other related activities and to carry on the business of handling and dealing in cargo containers, management of terminals and storage of goods of any nature at any place or site and to act as terminal operators, clearing agents, tally contractors, stevedores, bargeman, wharfingers, warehouseman, storekeepers, bonded Carmen and cargo superintends.

H.G. Infra Engineering’s wholly owned subsidiary -- H.G. Solar Projects has incorporated a wholly owned subsidiary, namely H.G. Dudu Solar Project. H.G. Dudu Solar Project will carry out business in the field of Solar Power.

Share India Securities has incorporated subsidiary namely ‘Silverleaf Securities Research’ on July 03, 2024. The Company has received the Certificate of Incorporation of the Subsidiary from the Ministry of Corporate Affairs on July 03, 2024. The Subsidiary has been incorporated for the purpose of carrying on the business of trading and providing of stock broking services in the securities as defined under Securities Contracts (Regulation) Act, 1956.

HDFC Bank's deposits saw significant growth, reaching Rs 23.8 lakh crore as of June 30, 2024, a 24.4% increase from Rs 19.13 lakh crore a year ago. This figure was almost unchanged from Rs 23.8 lakh crore on March 31, 2024. Excluding the merger's impact, deposits grew by 16.5% over the past year. The bank's CASA (current account savings account) deposits were Rs 8.63 lakh crore as of June 30, 2024, reflecting a 6.2% increase from Rs 8.13 lakh crore year-on-year. However, this was a decrease from Rs 9.08 lakh crore as of March 31, 2024, which had experienced a seasonal impact.

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