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CG Power draws up plan to work on operations recovery

A recent investigation by the company revealed that nine wrongful transactions, allegedly undertaken by the promoter group led by Gautam Thapar, had caused it a loss of around Rs 3,000 crore. The company is doing a deeper investigation under what it calls ‘Phase 2’, even as the Ministry of Corporate Affairs has referred the case to the SFIO.

Wind power producers sever ties with bankrupt Senvion

India is said to be scaling down contracts with Hamburg-based turbine manufacturer Senvion after its solvency filed in German court of law. Alfanar Energy, which had signed a contract with Senvion for a 300 MW project in India, terminated the order and awarded it to Siemens Gamesa Renewable Energy.

KEC International bags new orders of Rs 2,255 cr

In its urban transportation business, the company bagged an order of Rs 853 crore for the construction of elevated viaduct along with 10 stations of the Delhi Metro Phase IV project, from Delhi Metro Rail Corporation (DMRC).

L&T bags orders worth Rs 2,500 cr from government entities

From Jharkhand government, L&T bagged and engineering, procurement and construction order from the Jharkhand Urban Infrastructure Development Company. In West Bengal, the company got an order from State Project Management Unit for flood protection works and embankment strengthening of Damodar river in East Bardhhaman and Hooghly districts.

KONE opens new facility with an investment of Rs 450 crore in Chennai

KONE Elevators India is a wholly owned subsidiary of KONE Corporation which is a leading name in the elevator and escalator industry. Its new facility was built with an investment of Rs 450 crore, employing around 600 people. The company said it was poised to ride the wave of urbanisation in the country.

BHEL bags Rs 200 crore order to upgrade Chilla hydro project

The units at Chilla HEP have been in operation for more than 35 years and RM&U of these units will result in upgradation of output capacity, additional generation and efficiency improvement, in addition to leading to better plant availability and life extension of equipment.

EEPC India urges government to find ways to tackle rising global challenges

The EEPC India chairman said the country's exports are facing a severe slowdown in the face of rising raw material cost, US-China trade war and non-tariff barriers, besides a crippling deceleration in global trade. Merchandise exports for September, 2019 declined by 6.57 per cent year-on-year.

L&T bags HPCL's order worth over Rs 7,000 crore

L&T Hydrocarbon Engineering will execute the order for residue up-gradation facility for HPCL. The order entails engineering, procurement, construction and commissioning of a RUF for Visakh Refinery Modernisation Project at the Vizag Refinery.

Liquidator may sell Mafatlal Engg’s 120 acres to repay lenders

Mafatlal Engineering Industries had shut down in May 1989 and counts ICICI Bank and ARCIL among its key lenders. The Official Liquidator of the Bombay High Court is looking to sell 120 acre land parcel to repay dues of its lenders and 3,000 workers.

L&T to buy Old Lane Mauritius III Ltd's stake in subsidiary for Rs 48 crore

In a filing to BSE, Larsen & Toubro said it has signed an agreement to buy the entire stake of Old Lane Mauritius III Ltd in L&T Infrastructure Development Projects for Rs 47.9 crore. The share purchase agreement was executed on Thursday.

L&T wins up to Rs 2,500 crore worth contracts from domestic, international markets

L&T wins up to Rs 2,500 crore worth contracts from domestic, international markets

The construction arm of L&T has won contracts for 400kV transmission line in Mozambique and for 220kV project in the UAE.

Konica Minolta on track to RS 1,000 cr revenue

Konica Minolta on track to RS 1,000 cr revenue

The company operates in the office products and the industrial printing segment in India, which comprises 65% of its revenue.

Wipro Infra Engineering launches factory automation solutions for tyre industry

Wipro Infra Engineering launches factory automation solutions for tyre industry

WIN said it believes that "Make in India" is not complete if the capital equipment for production processes are continued to be imported.

L&T bags orders worth around Rs 2,000 crore for constructions

L&T bags orders worth around Rs 2,000 crore for constructions

The company said it also bagged add-on orders for some of its existing projects in the heavy civil infrastructure and metallurgy and material handling space.

Citadel Intelligent Systems sets up manufacturing unit and engineering center

Citadel Intelligent Systems sets up manufacturing unit and engineering center

The Vasai unit will be the second manufacturing base for CIS, after its first unit at Whitefield in Bengaluru.

BEML sets up bogie traction motor run test facility for Metro

BEML sets up bogie traction motor run test facility for Metro

BEML so far supplied 105 cars for conversion into 6-car train sets and balance are being delivered progressively by June 2020.

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