Texmaco Rail & Engineering Ltd, engaged in the business of rail freight cars and EPC, is exploring an opportunity for setting up a mega logistics hub cum food part with a manufacturing facility at Sankrail in Howrah, West Bengal.
Bharat Heavy Electricals Ltd (BHEL) has successfully commissioned a 250 MW thermal power unit in Bihar. The unit has been commissioned at Barauni Extension thermal power project of Bihar State Power Generation Company Limited.
Gayatri Projects has secured a Rs1,339cr contract in joint venture with public joint stock company ‘Kyivmetrobud’ i.e. Gayatri-KMB (JV) from National Highways Authority of India for construction of stand along ring road/ bypass around Jammu City in the state of Jammu and Kashmir.
ABB India has won an order worth Rs134cr to supply state-of-the-art traction equipment for electric locomotives, manufactured by Chittaranjan Locomotive works (CLW).
Sadbhav Infrastructure Project has been declared as the lowest bidder (L1) for HAM Project by NHAI on December 11, 2017. The project is for 4-laning of Dangiywas (km 96.595 of NH-112) to Jajiwal (km 283.500 of NH-65 Nagaur Road) section Package-I (Design length 74.619 km) of Jodhpur Ring Road (In Principally declared NH) in the State of Rajasthan under NHDP Phase-VII.
Tata Steel has executed definitive agreements to acquire 74% equity shares of Bhubaneshwar Power from JL Power Ventures for a consideration of Rs255cr.
Reliance Power completed execution of agreements for Phase 1 of the power project in Bangladesh on November 30, 2017.
Petronet LNG Ltd plans to foray into liquefaction of natural gas in India and has initiated talks with Focus Energy Ltd to set up a small liquefaction unit at the latter’s fields in Rajasthan.
Natural prices bounced back after it witnessed a correction of more than 10% in the last 2 weeks. Prices have formed a bullish harami like pattern on daily chart which acts as a trend reversal pattern.
There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world’s largest oil producers are really determined to end the supply glut.