KBC Global to raise Rs 1 billion via equity share issuance

RECPDCL transfers Rajasthan-IV H-1 power transmission to Power Grid Corp

State-owned REC announced that its subsidiary, REC Power Development and Consultancy (RECPDCL), had transferred the Rajasthan-IV H-1 Power Transmission, a special purpose vehicle (SPV), to Power Grid Corporation of India (PGCIL). PGCIL had been selected as the transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process, which was organised by RECPDCL, acting as the Bid Process Coordinator (BPC), for the development of the transmission project on a Build, Own, Operate & Transfer (BOOT) basis, as mentioned in a company statement. The statement further indicate..

BEML Secures Rs 8.67 Billion Deal to Build India’s First Bullet Train

State-owned BEML has been awarded a contract to build India’s first indigenously manufactured bullet train, with a total value of Rs 8.66 billion. According to a statement from BEML, Indian Railways' production unit, Integral Coach Factory (ICF), has placed an order for the design, manufacturing, and commissioning of two high-speed trainsets, each consisting of eight cars (coaches). BEML noted that each coach will cost Rs 270.86 million, with the total contract value including expenses for design, one-time development, non-recurring charges, and the cost of jigs, fixtures, tooling, and test..