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New Delhi: An order worth Rs248 crore has been awarded by Delhi Metro Rail Corporation Ltd (DMRC) to a consortium comprising Siemens Ltd and Siemens AG for the electrification of Phase-III of the Delhi Mass Rapid Transit System. Of the total order, value for Siemens Ltd is outlined at Rs176...

Mumbai: NTPC Ltd has entered into a tie-up with the German major KfW for attaining a fixed interest term loan facility worth about Rs738 crore. The funds gained through the recent tie-up will be utilized to partially finance the capital expenditure on renovation and retrofitting of Electro...

Mumbai: Essar Projects Ltd has gained new orders worth US$50 million from the Western Highland Development Corporation in Papua New Guinea. Scope of work under the said project involves design, construction and commissioning of the mixed use development project which includes construction of...

Mumbai: Crompton Greaves, Avantha Group Company, has bagged three contracts from Power Grid Corporation of India for supply of 765 kV single phase auto transformers and reactors. “UHV is a key segment for CG and CG remains committed to deliver high quality, cost effective products and services...

Mysore: Considering the increasing traffic congestion problems, the Karnataka government is considering to widen the Mysore-Bangalore highway stretch. The outlined plan involves extending the 140 km Mysore-Bangalore stretch into six lane. However, the proposal has to be soon put forth before...

Mumbai: An investment plan totaling to Rs2,000 crore has been outlined by the Jawaharlal Nehru Port Trust to set up a marine terminal. Besides, the Port Trust also plans to enhance the capacity of its already existing twin berth liquid cargo terminals to 30 MTPA. The twin terminals of BPCL and...

Srinagar: After a prolonged wait, the railway section connecting the Kashmir valley to the rest of the nation will be flagged-off this June 26. The project will be launched by the Prime Minister Dr Manmohan Singh and the UPA Chairperson Sonia Gandhi. To further enhance the surface connectivity...

Palatana: The much awaited 726.6 MW gas-based power plant will be formally inaugurated tomorrow by the President Pranab Mukherjee. The power plant developed by the state-run Oil and Natural Gas Corporation (ONGC) is located at Palatana in Tripura. The project involving an investment of about...

Mumbai: Engineering, procurement and construction major, Essar Projects has expressed in a statement that it has bagged two new contracts worth $90 million in Abu Dhabi. The new contracts are from Abu Dhabi Polymers Company (Borouge) and from Abu Dhabi Gas Industries Ltd (GASCO). According to a...

Mumbai: Owing to a dismal performance by the country’s manufacturing, mining and power segments, the industrial production has marked a drop of 2% for the April period, coupled with lower output of capital goods. The statistics disclosed under the Index of Industrial Production further outlines...

New Delhi: After a prolonged clamor over the shady investigation on the mega scam coal-gate, the Central Bureau of Investigation (CBI) registered fresh cases in the coal blocks allocation scam with some notable political business faces coming directly under its scanner. According to sources in...

Sao Paulo: Steel major, ArcelorMittal SA has outlined an investment of Reais 352 million to resume expansion of steel capacity in Brazil. The project to be resumed within this month will be executed in two phases. The first phase of the project involves expansion of two mills and will see an...

Mumbai: Rashtriya Ispat Nigam Ltd (RINL) targets to raise up to Rs600 crore debt to fund the Rs1,600 crore capex programmes outlined for the current fiscal. Disclosing the latest update about the state run firm, a senior official said, “RINL is currently raising its capacity to 6.3 MTPA from 3.6...

London: Software services giant Tata Consultancy Services (TCS) expressed in a statement that it has bagged a four-year deal from UK’s Network Rail Infrastructure Ltd. Network Rail is the owner and operator of Britain’s railway infrastructure, which includes the tracks, signals, tunnels...

Mumbai: Reviewing over the prevalent scenario in the country’s power segment, Crisil Research outlines a faster growth in power capacity addition against the electricity demand. “The new capacity addition is happening at around 7%, while demand grows at 6.2%,” said the Research firm in its...

New Delhi: The Oil Ministry has commanded Reliance Industries Ltd (RIL) to reroute part of gas allocated to Rashtriya Chemicals and Fertilizers (RCF) to private power plants in Andhra Pradesh under the gas swapping agreement. Each day around 2.1 million standard cubic meters of gas from KG-D6...