Lower sales realization impacts margins for cement makers in Q2 FY25

NBCC bags construction order worth Rs 5 Bn

NBCC India said it has bagged a construction order worth Rs 5 billion from the Bureau of Indian Standards. As per the order, NBCC will construct buildings at BIS headquarters in New Delhi, central laboratory, Sahibabad, National Institute of Training for standardisation, Noida, Northern Regional Laboratory, Mohali and Bangalore Branch Laboratory, Bengaluru. On Monday, November 4, the company said its subsidiary Hindustan Steelworks Construction Ltd (HSCL) bagged work orders worth Rs 650 million in Bengaluru. As per the order, Hindustan Steelworks Construction will undertake development work o..

India formally sent LoI to host 2036 Olympics

India took a significant step toward potentially hosting the 2036 Olympic and Paralympic Games. On October 1st, the Indian Olympic Association (IOA) officially submitted a Letter of Intent to the International Olympic Committee's (IOC) Future Host Commission, sources told news agency IANS. This action follows repeated expressions of interest from Indian Prime Minister Narendra Modi, who sees the Games as a potential boon for the nation. "Prime Minister Narendra Modi's vision of hosting the Olympic and Paralympic Games in India in 2036 has taken a significant step forward," a source stated. Th..

NTPC, ONGC collaborate on green energy

In a significant move towards renewable energy, Maharatna PSUs NTPC and ONGC have partnered to form a 50:50 Joint Venture Company (JVC) through their respective green energy subsidiaries, NTPC Green Energy Ltd. (NGEL) and ONGC Green Energy Ltd. (OGL). The collaboration aims to expand their footprint in the renewable energy sector, encompassing a range of green technologies and projects, from solar and wind energy to green hydrogen and sustainable aviation fuel. The formal Joint Venture Agreement was signed on February 7, 2024, during India Energy Week, followed by approvals from the Departmen..