Bharat Electronics (BEL) has signed a pact with GIS major Esri India to collaborate on defence projects and programmes involving geographic information systems, location intelligence and GeoAI. BEL and Esri India have already delivered projects for the Indian defence services, and the memorandum of understanding (MoU) signed between them will further strengthen the collaboration.
NTPC has signed 750 MW power purchase agreement (PPA) with Evren for solar, wind, and battery energy storage projects in Andhra Pradesh and Rajasthan. This agreement marks a significant milestone in the company's growth journey and is among the largest renewable energy projects secured by capacity in India. The project, once operational, will generate 2.5 billion units of clean energy annually and mitigate 1.8 million tonnes of carbon dioxide emissions every year.
KEC International has secured new orders of Rs 1,063 crores across various businesses. Civil business has secured a significant order for a high-rise residential project from a renowned real estate developer, involving the development of 24 lakh sq. ft. of residential buildings along with associated facilities. Renewables business has secured an order for a 50+ MW Wind EPC project from an existing private developer in Western India. Transmission & Distribution (T&D) business has secured orders for T&D projects. Cables & Conductors business has secured various orders in India and the overseas market.
Jupiter Wagons (JWL) has signed landmark strategic partnership with Lucchini RS Holding S.p.A. (LRS), one of the world's leading manufacturers of railway wheels, axles and wheelsets. Under binding agreements, Lucchini RS will acquire a 15% equity stake in Jupiter Tatravagonka Railwheel Factory (JTRWF), while SIMEST S.p.A., an Italian Government financial institute, will acquire an additional 10% stake. Together, the two stakes totalling 25% represent a combined stake consideration of approximately 28 euro million.
Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has acquired Krishnagiri REZ Transmission, the Project SPV to establish Inter-State Transmission system for ‘Transmission System for integration of Krishnagiri REZ Phase-I’, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator - PFC Consulting (PFCCL). The project comprises establishment of 2 new 765/400kV Sub-stations in the state of Andhra Pradesh. Further, the project involves construction of 765kV & 400kV transmission lines traversing through the states of Andhra Pradesh, Telangana & Karnataka along with associated bays.
Atishay has been awarded a new Work Order from The Jaipur Central Cooperative Bank, Jaipur (Rajasthan) operating under the Co-operative Department Rajasthan. This award reflects the continued confidence of the Bank in the company’s technological capabilities and execution strength. The scope of the Work Order includes the Supply, Installation, Commissioning, and Maintenance of Micro ATMs devices for Primary Agricultural Credit Societies (PACS), of The Jaipur Central Cooperative Bank, Jaipur. The total value of the Work Order is Rs 1.73 crore, inclusive of all applicable duties and taxes.
Kirloskar Pneumatic Company has completed acquisition of 99.49% of the total voting power in M/s Kirloskar South East Asia Co. (KSEA), further strengthening its strategic presence in the region. With this, Kirloskar South East Asia Co. has become a subsidiary of the company. KSEA, incorporated in 2016, is engaged in the trading of compressors across the South-East Asian market. It has registered office in Bangkok, Thailand.
