(RVNL), a public sector enterprise under the Ministry of Railways, has emerged as the lowest bidder (L1) from Central Railways for a major traction infrastructure project in Maharashtra. The project involves the design, supply, erection, testing, and commissioning of 220/132/55 KV traction sub-stations, sectioning posts (SPs), and sub-sectioning posts (SSPs) in a 2×25 KV traction system (Scott Connected Transformer) for the Daund–Solapur sections of Central Railway. The initiative is aimed at enabling the network to meet a 3,000 MT loading target under the EPC mode.
has signed a Memorandum of Understanding with Australian firm Goldfield Commercials PTY to develop real estate and infrastructure projects in Australia for identification, development, and execution of real estate, housing, infrastructure and redevelopment projects. Through this MoU, the two companies intend to collaborate strategically on mutual areas of interest, joint development, project management, infrastructure development and housing construction, among others.
Imagicaa Next (INPL), a wholly-owned subsidiary of, had entered into a partnership with Dubai-headquartered Hello Park to launch India’s first immersive Digital-Physical playground experience. This partnership will be in the asset-light and in-city format that will be rolled out in malls and high footfall locations in the country, INPL said in a statement. This collaboration entails exclusive rights to bring Hello Park to India, which aims to redefine family entertainment and experiential learning in the country.
(Public InvIT) has completed the acquisition of three highway assets with an enterprise value of ₹8,436 crore from IRB Infrastructure Trust. Marquee global and domestic investors supported the acquisition by infusing approximately ₹4,250 crore in the IRB InvIT Fund, IRB Infrastructure Private Ltd, in a statement, said on Thursday.
Adani Group’s Kutch Copper Ltd has signed an agreement with Australia’s Caravel Minerals Ltd for collaboration on the Caravel Copper Project in Western Australia’s Yigarn Terrane region. The non-binding memorandum of understanding (MoU) between subsidiary Kutch Copperand Caravel Minerals provides a framework for investment cooperation and a potential life-of-mine offtake agreement, covering up to 100 per cent of the project’s copper concentrate output – estimated at 62,000-71,000 tonnes of payable copper annually in the initial years, the Adani group said in a statement.
Paytm on Thursday launched Paytm Checkin, an AI-enabled travel booking app that helps users plan trips with features, including destination recommendations, personalised itineraries, and booking management. The app supports bookings across flights, trains, buses, and metro services, the company said in a statement.
Poly Medicure B.V., Amsterdam Netherlands, a wholly-owned subsidiary of Poly Medicure, has completed the acquisition of Medistream SA, Switzerland, a Swiss corporation. Medistream SA is a Swiss holding company for the Citieffe Group, which specialises in orthopaedics, particularly trauma and extremities. This acquisition provides with an entry into the global orthopaedics market.
has reached an amicable settlement with Jumbo Offshore Ltd. Both parties have signed consent terms under which SEAMEC will contest on behalf of Jumbo Offshore in the Gujarat High Court regarding the arrest of the vessel “Tug Maria”, through a Power of Attorney granted by Jumbo. The company stated that the arbitration proceedings initiated by Jumbo will remain in abeyance, pending the conclusion of the related court matter.
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