Tata Power said it received a contract from Gujarat Urja Vikas Nigam Limited to develop a 100 MW solar project in Raghanesda Solar Park of Gujarat . The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA) valid for a period of 25 years from the scheduled commercial operation date. The Company […]
SoftBank Corp., one of the top telecom firms in Japan, has selected Nokia as “a strategic partner” to roll out its 5G network. The move is significant as non-Chinese companies, including Nokia and Ericsson, are generally seen as more expensive compared to Chinese players like Huawei and ZTE. Due largely to this price differential, Huawei […]
Setco Automotive Ltd, the largest clutch manufacturer in the medium and commercial vehicle segment (MHCV) in India, said it received approvals from leading truck manufacturers for supply of BS-VI compliant clutches. BS or Bharat Stage refers to emission regulation standards set by Indian regulatory bodies. BS norms are largely similar to the European emission norms […]
Commercial vehicle maker Ashok Leyland said it received an order from Senegal-based bus manufacturing firm Senbus Industries for supplying 400 units of Eagle 916 minibuses worth Rs 16.2 crores. Senegal will start receiving the buses towards the end of June this year. Eagle 916 buses, developed exclusively for the African market, feature inline pump technology […]
Syncordis SA, a wholly owned subsidiary of technology consulting and digital solutions firm L&T Infotech, said that it has agreed to supply solutions from banking software provider Temenos to its customers. “Through the partnership with Temenos, the company will attain enhanced capabilities to offer a wide range of services across Temenos product portfolio and manage […]
Steel and energy company Jindal Steel and Power Ltd (JSPL) said it received an order worth Rs 665 crore from Rail Vikas Nigam Limited (RVNL) for the supply of over 89,000 tonnes of rails. Rail Vikas Nigam Limited is an organisation associated with the Indian Railways, and builds engineering works for the Indian Railways. JSPL […]
Pharmaceutical major Lupin said it signed a distribution agreement with Switzerland-based pharma firm Aptissen S.A. to exclusively sell Aptissen’s products in Canada. Established in 2013, Aptissen develops hyaluronic acid polymer-based injectable medicinal products in aesthetic medicine, ophthalmology, and orthopedics. It has presence in more than 50 countries worldwide. “This partnership helps us expand our product […]
Steel tubes and pipes manufacturing firm Ratnamani Metals and Tubes Ltd said it received a Rs 255 crore order from the oil and gas sector for the supply of coated carbon steel pipes. Carbon steel, also called mild steel, are used in oil and gas pipeline, plumbing and water supply systems. The order will be […]
Information technology firm Ducon Infratechnologies Ltd said it received an order to supply a pollution control system at the greenfield lead metal recycling and refining project of Chloride Metals Ltd, a wholly-owned subsidiary of Exide Industries Ltd and one of India’s largest secondary lead smelter and production company, at Haldia in West Bengal. The pollution […]
Cochin Shipyard Limited said it signed a contract for construction and supply of eight anti-submarine ships for the Indian Navy worth Rs 6,311 cr. The ships, also known as anti-submarine warfare shallow water crafts, will have a displacement (size) of about 750 tons, a speed of 25 knots and will be capable of full-scale, sub-surface […]
Steel and Energy Company Jindal Steel and Power Ltd (JSPL) said it completed the delivery of its first ever rail order for the supply of rails to the Indian Railways four months ahead of schedule. On July 28, 2018, JSPL had bagged 20% of the Rs 2,500 crore global tender by the Indian Railways to […]
IT firm Tata Consultancy Services (TCS) said it has been selected by one of the largest insurers in the United Kingdom, Ageas UK, to transform its digital infrastructure. Headquartered in Brussels, Ageas is Belgium’s largest insurer and operates in 14 countries worldwide. As per the deal, TCS will help Ageas UK to consolidate data centres, […]
IT firm Tata Consultancy Services (TCS) said that it has deployed its core banking product TCS BaNCS at ChinaTrust Commercial Bank (CTBC) in Taiwan. BaNCS is TCS’ main product for banks, and offers various solutions for core banking, internet banking, treasury, wealth management, mobile banking and insurance. “We chose TCS BaNCS as our preferred solution […]
Infrastructure major Larsen and Toubro (L&T) said its hydrocarbon engineering business has received orders worth over Rs 1,000 crore across various segments. The Modular Fabrication business has secured a contract for process and piperack modules for a process plant, which includes procurement, fabrication, pre-commissioning and load-out of the modules, it said. The contract shall be […]
IT firm Tata Consultancy Services (TCS) said that it has deployed core banking software TCS BaNCS at National Bank of Bahrain (NBB). BaNCS is TCS’ main product for banks, and offers various solutions for core banking, internet banking, treasury, wealth management, mobile banking and insurance. BaNCS will standardise and streamline NBB’s operations across multiple countries, […]
Infrastructure major Larsen and Toubro (L&T) on Tuesday said that its power transmission and distribution business has received orders worth over Rs 2,500 crore from India, the Middle East and the ASEAN region. In India, the company received orders for laying underground cable in certain unnamed industrial areas and towns to improve the reliability of […]
Software company Intellect Design Arena reported that it has secured a ‘large, multi-million’ deal from one of the top 20 banks in North America. The deal is significant to Intellect Design as it is the highest ever deal won by the company. Intellect Design’s will provide its cash management platform, CBX 18 software, to the […]
NCC Limited, formerly known as Nagarjuna Construction Co, said it received nine orders worth Rs 4,619 crore in the month of March. The company had won orders worth Rs 4,088 crore in February and Rs 4,090 crore in January. Of its March orders, three orders worth Rs 1,802 crore were received in the buildings division, […]
Infrastructure major Larsen and Toubro reported new orders worth over Rs 2,500 crore from Kuwait Oil Company (KOC). The new contract includes construction of a new export strategic pipeline and its associated facilities that will span a distance of around 145 kilometres. The contract has been awarded through international bidding on a Lump Sum Turnkey […]
Kalpataru Power Transmission Limited (KPTL), which constructs power and related infrastructure, said it received orders worth Rs 588 crores for its transmission and power business from international markets. With the latest order, the total order inflow for financial year 2018-19 have increased to Rs 8,500 crores, the company said in a statement. KPTL is also […]
