Actuant India announced the launch of its manufacturing facility in Bangalore. The facility will support the company globally by offering value-added capabilities to drive business growth and accelerate operational excellence.
Category: ECONOMY & POLICY
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High Speed Rail Corporation inaugurated
The Union Railway Minister Mallikarjun M Kharge formally launched the High Speed Rail Corporation of India (HSRC), a subsidiary of Rail Vikas Nigam (RVNL) in Delhi. He also revealed the logo of HSRC that has been designed by National Institute of Design, Ahmedabad.
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Govt to launch IPDS at Rs 500 cr
During the 12th Five Year Plan, the Union Cabinet Committee on Economic Affairs has approved the launching of a new Integrated Processing Development Scheme (IPDS) with a total cost of Rs 500 crore and to establish four to six brown field projects and three to five green field projects addressing the environmental issues faced by textile processing units.
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Xylem bags order in Gujarat
Essar Projects India has awarded a contract to Xylem Inc to install its Sanitaire ICEAS biological treatment system in a waste water treatment plant in Jamnagar of Gujarat.The new plant planned will treat all the municipal waste water in Jamnagar.
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Punj Lloyd secures Rs 2.75 bn contract
Punj Lloyd has bagged a cross country pipeline contract worth Rs 2.75 billion. The company received the order for setting up of various infrastructure facilities. The contract includes civil, structural, mechanical, electrical & instrumentation, piping, cross country pipelines, horizontal direction drilling, equipment assembly, fabrication and erection, marine work, tankages work and electrical and other associated and miscellaneous works and rectification of defective works at a leading refiner
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IL&FS bags UP rural electrification project
In Bulandshahr district of Uttar Pradesh, IL&FS Engineering and Construction Company has received an order from Paschimanchal Vidyut Vitran Nigam for rural electrification (RE) works. Under the central government's Rajeev Gandhi Grameen Vidyutikaran Yojana scheme, the turnkey project has been awarded to IL&FS and is valued at Rs 149.68 crore.
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Indo-Tibetan Border Police to get Rs 12.6 bn
Union Minister of State for Home RPN Singh has said that the government is to sanction Rs 12.6 billion for construction activity at Indo-Tibetan Border Police (ITBP) posts at various places. The construction activity includes accommodations for ITBP jawans, the Minister said at the 52nd ITBP Raising Day parade in Delhi.
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Cairn India net profit jumps to Rs 3,385.08 cr
On the back of record oil and gas production and high oil prices, Cairn India on October 22 reported a 46 per cent jump in its September quarter profit.
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Govt may strike a deal on Rs 72,000-cr rapid rail project
India's Rs 72,000-crore rapid rail connectivity project is set to enter the next stage as the Union government and the State governments concerned likely to reach an agreement on cost-sharing of the project. The rapid rail project is to connect Delhi to Panipat (Haryana), Alwar (Rajasthan) and Meerut (Uttar Pradesh).
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Govt to build godowns to roll out food law
The Union government on October 17 allowed construction of intermediary godowns under employment guarantee scheme MGNREGA and has allocated Rs 450 crore for creating 15 lakh tonne of storage capacity across the country by March-end.