Netweb Technologies India, GRSE and HUDCO to see some action today

22 Sep 2025 Evaluate

Netweb Technologies India has received the purchase order worth around Rs 450 crore (excluding applicable taxes) from one of the largest Indian-headquartered global providers of technology distribution and integrated supply chain solutions. The order is for the supply of Tyrone AI GPU Accelerated Systems, for the development of AI Infrastructure facility. The order is to be executed by the end of FY 2025-26.

Garden Reach Shipbuilders & Engineers (GRSE) has signed a contract with Germany’s Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG in Hamburg, Germany, for the construction of four Hybrid Multi-Purpose Vessels (MPVs) at a total value of $62.44 million. This agreement represents a natural extension of the successful partnership between GRSE and Carsten Rehder, following the ongoing 7,500 DWT Multi-Purpose Vessel (MPV) project currently under execution in Kolkata.

Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with NBCC (India), on September 19, 2025. The non-binding MoU is for development of commercial plot at Kaushambi, Ghaziabad (Uttar Pradesh), institutional plot at Panchkula (Haryana), construction of additional blocks at HUDCO Regional Office, Ahmedabad (Gujarat) and reconstruction of residential flats at Asian Games Village Complex, New Delhi on turnkey basis as Deposit work.

Swan Defence and Heavy Industries (SDHI) has signed a Memorandum of Understanding (MoU) with the Gujarat Maritime Board (GMB) for a strategic investment of Rs 4250 crore. The partnership is set to modernize shipyard infrastructure, strengthen domestic supply chains and build a sustainable talent pipeline for India’s maritime industry. This strategic investment will be deployed across three key projects at the shipyard in Pipavav Port, Gujarat, that is home to India's largest dry dock, with capacity to build vessels up to 400,000 DWT.

PNC Infratech has received Letter of Acceptance (LoA) from Bihar State Road Development Corporation (BSRDC) for the Project namely Construction of High Level Bridge and Approach Road on Hathouri-Atrar-Bavangama-Aurai Road in Bihar. Broad consideration or size of the order is Rs 495.54 crore and is to be executed within around 3 years.

Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System for project 'Augmentation of transformation capacity and Implementation of line bays at Mandsaur S/s for RE Interconnection' on build, own, operate and transfer (BOOT) basis. In this regard, the company has received Letter of Intent (LoI) on September 19, 2025. The project comprises of augmentation works at under-construction sub-station (Mandsaur S/s) in the state of Madhya Pradesh.

The Shipping Corporation of India has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), and Indian Oil Corporation (IOCL). The purpose of this collaboration is to build and operate fleet together that will support the vision of Atmanirbhar Bharat, strengthen India’s shipping capacity, and improve country’s energy security.

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