HeidelbergCement’s net profit slumps 4.55% to Rs 59.56 cr in Q2 FY22

Bombay HC Cancels CIDCO’s Rs 34.77 Billion Contract Awards

In a major ruling, the Bombay High Court has annulled City and Industrial Development Corporation’s (CIDCO) decision to disqualify the Thakur-EVRASCON Joint Venture from bidding on two infrastructure contracts worth Rs 34.77 billion in the Navi Mumbai Airport Influence Notified Area (NAINA). The bench also set aside the contract awarded to the PNC-Aakshya JV worth Rs 19.09 billion and CIDCO’s approval of the financial bid by Ashoka-Aakshya JV for a Rs 15.69 billion project.Thakur-EVRASCON, a joint venture between Thakur Infraprojects and Azerbaijan-based EVRASCON, challenged the disqualifi..

Techno Launches $1 Billion Digital Infra Arm for Data Expansion

Techno Electric & Engineering Company (TEECL) has launched a new digital infrastructure division, Techno Digital Infra, backed by a $1 billion investment. The company aims to create a nationwide network of hyperscale and edge data centres with a combined capacity of 250 MW, supporting the goals of the Digital India initiative.The first facility is under development in Chennai's SIPCOT IT Park, with a 36 MW hyperscale centre spanning 200,000 sq ft and housing up to 2,400 racks. It features adiabatic cooling, battery energy storage, 25 per cent green cover, and a power usage index of 1.35.Pr..

Exide Industries appoints Manoj Kumar Agarwal as Director – Finance & CFO

Exide Industries Ltd has announced the appointment of Manoj Kumar Agarwal as Director – Finance & Chief Financial Officer, effective 1st May 2025. The decision was finalised during the board meeting held on 30th April 2025, following the retirement of Asish Kumar Mukherjee, who served in the same role for 18 years.Agarwal joined Exide in February 2023 as Deputy CFO. In this capacity, he led critical functions including finance, accounts, audit, treasury, taxation, IT, and procurement. In his new role, he will continue to oversee these areas while focusing on strengthening Exide’s finan..