Company News

Jyoti Limited bags order worth Rs 541 crore from Karnataka Government

Jyoti Limited bags order worth Rs 541 crore from Karnataka GovernmentVadodara-headquartered Jyoti Limited has secured an order worth Rs 541 crore from Karnataka Neeravari Nigam Limited (KNNL) to supply 28 high-end metallic volute water pumps.

The company claims that the latest deal is one of the single largest electromechanical orders ever bagged by an Indian company. 

According to sources, the pumping stations will cater to farmers in northern and eastern Karnataka with a catchment area of about 1,07,000 hectares.

US courier UPS profits deflated

UPSNew York  - The world's largest package delivery company UPS has adjusted expectations of annual earnings

ItzCash inks pact with Thomas Cook to offer online travel booking service

Itz CashItzCash, the country’s first ever ‘Multi Purpose Prepaid Cash Card’ has informed that it has entered into a partnership with Thomas Cook, to facilitate online travel bookings.

The partnership is eyeing at an increase in online transactions at Thomas Cook and both partners has setup estimated target of 1.5 lakh transaction in rail booking, 0.5-lakh transactions for air booking for the next six months.

NTPC unveils its plan to raise Rs 4500 crore

NTPC LtdIndia’s state-run power generator NTPC Ltd has revealed its plans to raise up to Rs 4,500 crore from domestic as well as international markets for meeting its expansion plans in the current financial year.

The company intends to raise up to $500 million from the global market by March, to support their expansion plan.

The company also plans to raise Rs 2,000 crore from the domestic market through private placement of bonds.

NTPC stock ended the day at Rs 144, down 5% compared to its previous close of Rs 152.

Parsvnath to build a 5-star hotel in Ahmedabad

Parsvnath Developers Limited (PDL), India’s leading real estate company, has informed that it would build a five-star hotel comprising
152 rooms in Ahmedabad.

Parsvnath Hotels, a subsidiary of Parsvnath Developers, has undertaken construction of hotel at Vejalpur, Ahmedabad, which has received five-star category approval from the Ministry of Tourism. The project is located just 14 kms away from the airport and mere 9 kms away from the railway station.

Areva T&D gets contract worth 35 million Euro from Bhilai Steel Plant

Areva T&D India LimitedAreva T&D India Limited, the Indian subsidiary of AREVA France SA, has bagged a contract worth 35 million euro from Bhilai Steel Plant (BSP)1, a flagship unit of the “Steel Authority of India Ltd” (SAIL), the largest steel manufacturer in India.

This contract includes a 132kV Gas insulated substation and Air insulated substations.

In addition, it also includes the complete revamping of the existing protection & control system and feeding the new sub stations through 132KV transmission cables.

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