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New Delhi, Sep 26 (PTI) Shares of solar panel maker Saatvik Green Energy Ltd on Friday made a muted market debut, listing 1 per cent lower from the issue price of Rs 465. The stock listed at Rs 460, a discount of 1.07 per cent from the issue price of Rs 465 on the BSE. Later, it fell by 3.93 per cent to Rs 446.70. At the NSE, the stock listed at par with the issue price of Rs 465. Later, shares of the firm further lost 3.87 per cent to Rs 447. The company's market valuation stood at Rs 5,776. ...Read More >
Vikram Solar will supply 200 MW of solar modules to AB Energia. The high-efficiency modules will be used in projects across Maharashtra, Madhya Pradesh, and Gujarat. The modules are rated at 590 Wp and above. Deliveries are scheduled from September 2025 through early 2026. This deal strengthens Vikram Solar's position in the renewable energy sector. Vikram Solar on Monday said it has secured an order to supply 200 MW high-efficiency solar modules from AB Energia, an end-to-end EPC solutions pro ...Read More >
Mumbai: The National Company Law Appellate Tribunal (NCLAT) has cleared the way for Talwandi Sabo Power Ltd's (TSPL) demerger from its parent company Vedanta Ltd, setting aside a lower court's order that put the proposed demerger on hold. The order comes after the counsel for Talwandi Sabo informed the NCLAT that it has reached a settlement with China's Sepco Electric Power Construction Corp. (Sepco) on 11 September. Sepco is one of the creditors of TSPL that objected to the demerger for allege ...Read More >
Vedanta has settled its long-standing dispute with Chinese firm Sepco Electric, clearing the way for its revenue-stream demerger, now expected by September-end. The settlement resolves all claims and withdraws pending arbitration over the Talwandi Sabo 3x660 MW thermal project. Vedanta has settled its dispute with Chinese firm Sepco Electric Power Construction Corp, effectively clearing the path for its proposed demerger along operational product lines. The revenue stream-wise demerger, initial ...Read More >
NEW DELHI: Techno Digital on Thursday said it has opened a new 36MW data center at SIPCOT IT Park in Siruseri, Chennai, as part of its $1 billion investment commitment to building digital infrastructure nationwide. Techno Digital is the digital infrastructure arm of publicly listed Techno Electronics & Engineering Company (TEECL). TEECL shares were trading 0.34% higher at ₹1,527.10 on the Bombay Stock Exchange (BSE) at 2:09pm on Thursday. Spanning over 200,000 sq. ft., the latest data centre ...Read More >
Crisil Ratings anticipates a 9-11% revenue increase for diversified EPC companies this fiscal year, fueled by infrastructure capital expenditure growth and efficient project execution. The study, encompassing 15 firms with a combined revenue of ₹3.15 lakh crore, highlights the sector's reliance on government and private capex. Diversified engineering, procurement and construction (EPC) companies are likely to witness a modest rise of 9-11 per cent in revenue in the current financial year, acco ...Read More >
New Delhi, Aug 14 (PTI) Inox Wind on Thursday said its consolidated net profit more than doubled to Rs 97.34 crore in the June quarter compared to the year-ago period, mainly due to higher revenues. It had posted a consolidated net profit of Rs 41.59 crore in the year-ago period, a BSE filing showed. Total income rose to Rs 862.56 crore during the quarter from Rs 654.64 crore in the same period a year ago. Its order execution during the quarter increased to 146 MW, with order book at 3.1 GW. ...Read More >
Solar Industries (SOIL)'s operating performance was in line with consensus' estimate. EBITDA, at INR 5.3bn, jumped 19% YoY driven by robust defence and exports, compensating for the subdued performance in mining and infra segments, which were impacted on account of monsoon arriving early. Defence revenue rose 115% YoY to INR 4,180mn while exports and overseas grew 42.7% YoY to INR 8,260mn. EBITDA margins were largely stable QoQ at 24.8% (~150bps dent due to hyper-inflation in Turkey and FX fluct ...Read More >
Ajmer (Rajasthan) [India], July 20 (ANI): Following incessant heavy rainfall for two consecutive days, the Anasagar Chaupati area in Ajmer was waterlogged on Sunday morning. As the lake overflowed, the residential areas bore the brunt. Traffic movement on the route has been halted; only large vehicles are permitted to move here, while small vehicles and two-wheelers are not being allowed. Earlier, the Ana Sagar lake in Rajasthan Ajmer overflowed on Saturday morning, following incessant rain, ...Read More >
Guwahati, July 20: The Northeast Frontier Railway (NFR) is in the final stages of preparing the tender for the long-awaited second rail-cum-road bridge over the Brahmaputra at Saraighat, with the project expected to be completed by December 2029. Sanctioned during the 2023-24 financial year at an estimated cost of Rs 1,473.77 crore, the bridge will form part of the doubling of the Agthori-Kamakhya railway line. Senior NFR officials confirmed that engineering, procurement and construction (EPC) ...Read More >
Oriana Power jumped 4.70% to Rs 2,408 after the company secured an order worth Rs 212.31 crore from Karnataka Power Transmission Corporation (KPTCL) for setting up 50 MW/100 MWh standalone Battery Energy Storage Systems (BESS).The project will install standalone grid-scale BESS facilities with a total capacity of 50 MW/100 MWh at Shahapur Taluk Yadagir, Karnataka. This BESS initiative aims to improve grid stability by balancing supply and demand, lowering the risk of blackouts, and boosting over ...Read More >
The shares of Coffee Day Enterprises sharply surged 10 percent to hit the upper circuit on July 15 after data on the latest shareholding pattern showed that veteran investor Dolly Khanna has bought some stake in the firm. Khanna held 32.78 lakh shares, representing 1.55 percent stake in the parent company of popular chain Café Coffee Day, according to BSE data showing the firm's shareholding pattern as at the end of the April-June quarter. Coffee Day Enterprises shares remained locked in the u ...Read More >
Lucknow: In a significant move to boost Uttar Pradesh's MSME sector and strengthen push towards becoming a trillion-dollar economy, the Yogi Adityanath govt is set to construct a state-of-the-art flatted factory in Greater Noida."The initiative is part of the broader vision to transform the state into a leading industrial hub, with a strong focus on supporting MSMEs alongside heavy industries," a govt spokesperson said.Yamuna Expressway Industrial Development Authority (YEIDA) has drawn up a det ...Read More >
Thiruvananthapuram: The state capital is poised to alleviate its chronic parking woes as two major multi-level car parking (MLCP) facilities will be officially opened soon, while groundwork for a third MLCP is underway.The MLCP at Govt Medical College Hospital (MCH) is slated to open this month. Constructed at a cost of Rs 16.58 crore under the Smart City Thiruvananthapuram Ltd (SCTL), the facility can accommodate approximately 202 cars. It aims to streamline parking for the bustling MCH campus, ...Read More >
A global infrastructure EPC has secured significant new orders in India's critical Transmission and Distribution (T&D) sector. The company has announced a prestigious turnkey order worth Rs. 1,704 crore from the Power Grid Corporation of India Limited (PGCIL). This order encompasses the design, supply, and installation of 765 kV Transmission lines and GIS substations, further strengthening the company's foothold in the T&D segment. The share price of KEC International Limited went up by 4.44 pe ...Read More >
The Engineering, Procurement, and Construction (EPC) sector in India plays a pivotal role in infrastructure development, driving projects across sectors like energy, construction, transportation, and utilities. EPC companies handle the entire project lifecycle, from design and procurement to construction and commissioning. The sector has witnessed significant growth, fueled by government initiatives like the National Infrastructure Pipeline (NIP) and increased private investments. Major players ...Read More >
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