Ircon International’s stock price saw a significant decline of 7.20%, trading at ₹166.90 at 11:00 AM on the NSE, down from the previous close of ₹179.85. The stock opened at ₹163.33, reached a high of ₹171.98, and a low of ₹159.61 during the session. The fall in Ircon International’s share price today extended a series of …
BEML, under India’s Ministry of Defence, has forged a strategic alliance with South Korean firm STX Engine to co-develop, manufacture, and market cutting-edge battle tank and marine engines, along with spares and engine aggregates.This collaboration extends to servicing and maintenance, ensuring India’s defence readiness while unlocking export potential to allied nations. The Memorandum of Understanding …
Vedanta Limited is involved in the production of zinc, lead, silver, iron ore, steel, copper, aluminium, and oil & gas. It is part of the Vedanta Group, led by billionaire Anil Agarwal. The company has a strong presence in India and operates globally. It is listed on the NSE and BSE in India. Fund Raise …
Coromandel International Ltd. has received a significant order worth ₹1,539 crore from the Andhra Pradesh government to expand its fertiliser manufacturing facility in Kakinada. The Industries & Commerce Department has offered a 45% incentive on eligible fixed capital investment, subject to specific conditions and compliance requirements. Government Incentives for Expansion The Andhra Pradesh government has …
State-owned Bharat Heavy Electricals Ltd (BHEL) has secured a prestigious Letter of Intent (LoI) from Damodar Valley Corporation (DVC) for the Steam Generator Island Package of the 2×660 MW Raghunathpur Thermal Power Station Phase-II project in Purulia, West Bengal. This high-value contract, worth approximately ₹6,200 crore (excluding taxes and duties), was awarded through international competitive …
Tata Consultancy Services (TCS) has signed an agreement with Muscat Clearing and Depository (MCD), Oman’s central securities depository, to modernise its depository system. This initiative aims to enhance MCD’s operational efficiency by integrating advanced digital solutions and strengthening its market infrastructure. Enhancing Market Infrastructure with TCS BaNCS TCS will implement TCS BaNCS for Market Infrastructure, …
H.G. Infra Engineering Limited (HGINFRA), in collaboration with D.E.C. Infrastructure, has secured a LOA from RLDA for the ₹2,469 crore redevelopment of New Delhi Railway Station under the EPC model, with a bid project cost of ₹2,195.68 crore. Project Award and Acceptance HGINFRA, in partnership with D.E.C. Infrastructure and Projects (India) Private Limited, has been …
BP Plc, a leading global energy company, has signed a Memorandum of Understanding (MoU) with Engineers India Ltd (EIL) to explore opportunities in oil, gas, and refining operations. The agreement aims to leverage EIL’s engineering expertise to support BP’s global assets, strengthening technical collaboration between the two firms. The MoU was signed during the India …
Nippon Life India Asset Management has launched the Nippon India ETF Nifty 50 BeES GIFT through its IFSC branch in GIFT City. This fund will act as a feeder fund into the Nippon India ETF Nifty 50 BeES, India’s first and oldest exchange-traded fund (ETF) that invests in the country’s top 50 companies by market …
Arkade Developers Limited has announced the acquisition of a large-scale redevelopment project in Dahisar East, Mumbai. The project, covering 6.5 acres (26,286 square metres), is set to generate a Gross Development Value (GDV) of approximately ₹1,700 crore. This move aligns with Arkade’s strategic expansion in the Mumbai Metropolitan Region (MMR), reinforcing its position in the …
