MoneyWorks4Me

RITES, Rail Vikas Nigam and Premier Explosives to see some action today

06 Nov 2024 Evaluate

RITES has received the Letter of Acceptance (LOA) on November 05, 2024 from Delhi Metro Rail Corporation (DMRC) for Retrofit Work in RS-1 Trains of DMRC. The said order is expected to be completed in 3 years from the date of issuance of Letter of Award. RITES share is Rs 36.36 crore approximately excluding GST.

Rail Vikas Nigam’s joint venture (JV) -- RVNL-RPPL (JV) has emerged as the Lowest Bidder (L1) from Rail Infrastructure Development Company (Karnataka) (K-RIDE) for Package C4A: Construction of Nine (9 Nos.) Stations i.e. Elevated (1 No.) and At-Grade (8 Nos.) BSRP Stations of Corridor-4A at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, Carmelaram, Bellandur, Marathahalli, Doddanakundi, Kaggadasapura including Civil, Structural, Entry / Exit Structure, Steel FOB, Roof Structures, PEB works Architectural finishes and E&M Works and Detailed Design & Engineering (DOC) with all associated works for Bengaluru Suburban Rail Project (BSRP).

Premier Explosives has received an order for Rs 89.20 crore from Singareni Collieries Company (A Government Company) for supply of SME explosives, LDC explosives (Cap & Non Cap) and accessories (Cast Booster, Detonating Fuse, Cord Relay, Nonel and Electronic Detonators - Factory set) for use in OB blasting at different Opencast Projects of SCCL to be delivered over a period of 2 years.

Infosys has entered into collaboration with Southwark Council to launch its digital learning platform - Springboard in the borough. This initiative aims to provide Southwark residents, colleges, and schools with free access to Infosys’ flagship digital learning platform, Springboard. Southwark Council has created a three-year strategy to support digital inclusion across all its communities, delivered alongside the council’s wider strategic framework. 

Route Mobile has partnered with Billeasy E Solutions (Billeasy), a Mumbai-based integration partner, to launch a unique ticketing experience for the L&T Metro Rail Hyderabad commuters. This initiative leverages Rich Communication Services (RCS) and Google Wallet services to enable commuters to easily book e-tickets, save them in Google Wallet, and access them across multiple channels. This innovative solution streamlines the metro ticketing process, providing commuters with more convenient and efficient journeys.

Walchandnagar Industries has signed a Memorandum of Understanding (MOU) with IIT Ropar on November 04, 2024 for fostering focused R&D and encouraging innovations and indigenization efforts towards finding solutions to address challenges in defence and aerospace. Both the parties shall jointly work to promote culture of innovation and research in futuristic military technologies.

Jyoti’s switchgear division has secured order of Rs 14.94 crore (Including GST) for Supply, installation, testing & Commissioning of High Voltage (6.6 KV and 11 KV) Switchgear Panels from Indian Oil Corporation, Panipat, through GEM Portal. The order includes Supply, installation, testing & commissioning for HV Switchboard. The said order is to be executed by May 04, 2025. 


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