Kolkata-based Titagarh Rail Systems Ltd (TRSL) on Thursday said it has signed an agreement with Amber group to foray into railway component and subsystem business in India and overseas. Under the pact, TRSL and Amber group, via its wholly owned subsidiary Sidwal Refrigeration Industries Pvt Ltd, will invest up to Rs 120 crore each to […]
Day: January 25, 2024
Tembo Global Industries bags Rs. 9.22 cr EPC Contract from Hindustan Rajasthan Refinery Ltd
Tembo Global Industries secured an Engineering, Procurement, and Construction (EPC) contract worth Rs. 9.22 crore in collaboration with Hindustan Rajasthan Refinery Limited (HRRL) in Pachpadra, Rajasthan. The contract is scheduled for completion within 6 months. The awarded EPC contract involves piping works in the VGO (Vacuum Gas Oil) unit, which is integral to HRRL’s refining […]
Rajasthan power discom opposes in SC plea of Adani firm demanding late payment surcharge
The Jaipur Vidyut Vitran Nigam Limited, a Rajasthan government-owned power distribution firm, on Wednesday vehemently opposed in the Supreme Court a plea of Adani Power seeking over Rs 1,300 crore as late payment surcharge (LPS) from the state discom. A bench comprising Justices Aniruddha Bose and PV Sanjay Kumar reserved its order on Adani Power […]
PV solar panel manufacturer Alpex Solar to raise around Rs. 75 crore through IPO
PV solar panel manufacturer Alpex Solar plans to raise approximately Rs. 75 crore through its initial public offering (IPO). The company has filed its Draft Red Herring Prospectus (DRHP) and will be listed on NSE Emerge. The offering comprises a fresh issuance of 64. 80 lakh equity shares with a face value of Rs. 10 […]
Hindustan Petroleum Q3 profit rises 60.5% on-year to Rs 712.84 crore
Hindustan Petroleum Corporation Ltd on Thursday recorded its third quarter profit for the financial year 2023-24 at Rs 712.84 crore, up 60.5 per cent in comparison to Rs 444.26 crore during the corresponding quarter of previous year. It posted total income for the quarter in review at Rs 1,19,013.33 crore, up 2.2 per cent as […]
CPCL partners with IIT-Madras to produce green hydrogen
Chennai Petroleum Corporation Limited (CPCL) has partnered with and IIT-Madras to produce green hydrogen. While the premier higher education institution would be developing electrolyzers, green hydrogen would be tested in the refinery of CPCL. Green hydrogen would be used for captive purpose, CPCL MD Arvind Kumar said. “Several industries will be part of the initiative. […]
Wabtec gets Rs 1,300 crore brake systems order from Siemens
US-headquartered Wabtec Corporation has bagged a Rs 1,300 crore ($157 million) order from Siemens India. The award is to supply brake systems for the 9000 Horsepower (HP) locomotive project for Indian Railways which Siemens is executing. In all, 1200-electric locomotives will be supplied by Siemens. These engines are targeted for freight movement. Wabtec said it […]
Gainwell Group acquires TIL Limited, invest Rs 1000 crore for expansion
Gainwell Group, India dealer of Caterpillar heavy equipment, on Wednesday acquired TIL Ltd (formerly Tractors India) and infused Rs 120 crore into the Kolkata-based construction equipment maker that includes Rs 70 crore for subscribing a preferential issue of equity shares. Gainwell, the Kolkata-headquartered capital goods manufacturer with presence in the mining, construction, energy, defence, railways, […]
Tesla sees slower 2024 volume growth as earnings miss estimates
Tesla reported lower fourth-quarter operating profits despite higher revenues Wednesday, following a series of auto price cuts as Elon Musk’s electric vehicle giant warned of slower volume growth in 2024. Shares of Tesla fell after the company’s earnings per share and revenues both missed analysts expectations in the fourth quarter, and it offered a sobering […]
Boeing 757 lost nose wheel preparing for takeoff during a very rough stretch for the plane maker
A Boeing 757 jet operated by Delta Air Lines lost a nose wheel while preparing for takeoff from Atlanta, potentially creating more uncertainty around one of the nation’s top manufacturers after a troubling string of incidents involving its planes. Delta Flight 982 – headed to Bogota, Colombia – was taxiing for departure at Hartsfield-Jackson Atlanta […]
FAA approves inspection process that could clear the way for grounded Boeing planes to fly again
Federal regulators have approved an inspection process that will let airlines resume flying their Boeing 737 Max 9 jetliners, which have been grounded since a side panel blew out of a plane in midflight earlier this month. The head of the Federal Aviation Administration said Wednesday that his agency’s review of the scary incident on […]
Road ministry to come up with cashless treatment for accident victims
The government will soon come up with a cashless treatment facility for all road accident victims at the Ayushman Bharat hospitals while work is on to rectify about 5,000 remaining black spots in the country by May 2025 as the aim is to reduce road accident related death and injuries by half by 2030, road […]