HCL Tech to invest Rs 7.5 bn in Andhra Pradesh, create 7,500 jobs in 10 yrs

HCL Tech to invest Rs 7.5 bn in Andhra Pradesh, create 7,500 jobs in 10 yrs

IT services major HCL Technologies will invest Rs 750 crore to set up two facilities in Andhra Pradesh that will help create 7,500 jobs in 10 years. According to an official statement, HCL is setting up its operations in Andhra Pradesh in two phases. In the first phase, the Noida-based company will invest Rs 400 crore to build a R&D centre in Kesarapalli village in Gannavaram. The facility is expected to accommodate more than 4,000 IT professionals, it said. The phase-I will commence with the foundation stone laying ceremony on October 8 and is expected to be completed in seven years’ time, employing more than 4,000 IT professionals, the statement added. The phase II will be taken up later in Amaravati, the new capital of Andhra Pradesh in a campus of 20 acres. The investment for this phase is expected to be Rs 350 crore and will include about 3,500 IT professionals in five years’ time. …

Has UDAY brought a new dawn for power discoms across India?

Has UDAY brought a new dawn for power discoms across India?

Uninterrupted power supply is a political hot potato that can bring a government down in an election. India also managed to electrify all villages during the first tenure of the Modi government. Now, the users in these newly electrified villages would also be expecting 24×7 power supply.

NEEPCO blames Meghalaya’s illegal coal mining for Kopili hydel plant accident

NEEPCO blames Meghalaya’s illegal coal mining for Kopili hydel plant accident

Larsen & Toubro (L&T) Monday said the power transmission and distribution business of its arm L&T Construction has bagged orders worth Rs 1,881 crore in the domestic and international markets. “The business has secured major orders for constructing 22 132/11kV substations in Kuwait,” the engineering and construction major said in a BSE filing. Additional orders have been received from ongoing transmission line projects in India and Egypt, it added. The company said it has also received orders for implementation of a high voltage distribution system in the semi-urban and rural areas of Kharagpur and Midnapur in West Bengal. Shares of the company were trading at Rs 1,227.30 apiece, down 0.16 per cent, from the previous close on BSE. …

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