Ashoka Buildcon Limited has received a Letter of Acceptance (LOA) from Rail Vikas Nigam Limited (RVNL) for a ₹602.16 crore project, including GST, covering electro-mechanical works for four tunnels under the Rishikesh-Karnprayag New Broad Gauge Rail Line Project in Uttarakhand. The company disclosed the development to the stock exchanges on 29th August, 2026 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations. The LOA from RVNL dated August 28, 2026 relates to Package-3 under Package E-4 of the Rishikesh-Karnprayag New BG Rail Line Project. The package covers Tunnel T-13, T-14, T-15 and T-16 in Uttarakhand. Scope Covers…
Author: Ranganathan
Tamil Nadu is set to expand its power generation infrastructure with a proposed 1,600 MW supercritical thermal power station at Tuticorin, with the project estimated to involve an investment of ₹20,800 crore. Hon’ble Chief Minister of Tamil Nadu Thiru C. Joseph Vijay announced the project in the state Assembly on Monday as part of a broader push to strengthen the state’s electricity infrastructure and meet rising power demand. The proposed Tuticorin power project will be developed under the public-private partnership (PPP) model and is planned to comprise two units of 800 MW each. The announcement comes as Tamil Nadu looks…
Bharat Heavy Electricals Limited (BHEL) has secured a major transformer supply contract from Power Grid Corporation of India Limited (POWERGRID), strengthening its position in India’s expanding high-voltage transmission equipment market. The company has emerged as the successful bidder for a contract valued at approximately ₹514.56 crore to supply 23 units of 500 MVA, 765/400 kV single-phase transformers. The award relates to POWERGRID’s 765kV Transformer Package 7TR-21-BULK, part of its bulk procurement programme for high-voltage transformers and reactors. The development comes as India continues to expand and reinforce its transmission infrastructure to accommodate growing electricity demand, renewable energy integration and the…
NORD DRIVESYSTEMS is positioning its food-safe drives as a lightweight alternative to stainless steel for hygiene-sensitive applications, with its NXD tupH surface treatment designed to deliver enhanced corrosion and chemical resistance. The solution is aimed at manufacturers in the food and beverage and primary packaging industries, where drive components must withstand demanding wash-down and cleaning processes while meeting stringent hygiene requirements. The NXD tupH treatment gives aluminium housings a durable, non-porous surface that combines the material’s inherent advantages with enhanced protection against aggressive cleaning environments. NORD says the technology enables its gear units, smooth motors and decentralized frequency inverters to…
Avtar Steel Ltd., a manufacturer of stainless-steel long and wire products has initiated the process of going public by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of up to INR 585 crores. The proposed Avtar Steel IPO will consist of a fresh issue of equity shares along with an offer for sale (OFS) of 50 lakh shares by promoter Sumit Jindal, according to the company’s draft offer document. The IPO comes as Avtar Steel looks to expand its manufacturing capabilities and strengthen its presence in…
Artificial Intelligence (AI) is increasingly being viewed not only as a technology opportunity but also as a potential new source of revenue for India’s communication service providers. As the country’s network infrastructure evolves to support growing AI workloads, telecom and AI are expected to play an increasingly important role in shaping next-generation digital services. A new study commissioned by Ciena indicates that 67 percent of Indian service providers strongly believe AI-driven network services could become a major driver of new revenue over the next three to five years. The findings point to a broader shift in the communications industry, with…
The semiconductor has become the celebrity of India’s electronics ambitions. Governments are talking about semiconductor fabs, companies are announcing investments, policymakers are discussing chip design and packaging, and the word “semiconductor” has become almost synonymous with India’s ambition to become a serious electronics manufacturing power. That attention is understandable. The chip is the brain of an electronic device, and whoever controls advanced semiconductor manufacturing holds an important position in the technology value chain. But there is another piece of technology sitting quietly underneath almost every chip, and it rarely receives the same attention. It does not have the glamour of…
JAKSON Engineers Limited, part of the JAKSON Group, an energy and infrastructure conglomerate has named Mr. Ivan Saha as Managing Director. He will helm JAKSON’s integrated solar manufacturing business, steering technology roadmap, production operations, and market expansion. Bringing over 31 years of experience across semiconductor, solar, & sustainable energy, Mr. Saha offers a rare blend of technical depth, operational excellence, and business acumen. His appointment aligns with JAKSON’s push to scale manufacturing capacity and execute large‑scale backward integration across the solar value chain. Welcoming Mr. Saha, Mr. Sameer Gupta, Chairman, JAKSON Group, said, “JAKSON has always taken a long-term view…
VSL PowerHive, the battery and energy storage arm of Vikram Solar is turning storage ambition into industrial reality. Today, it unveiled the P261, a 125 kW / 261 kWh liquid‑cooled BESS built for factories, warehouses, commercial complexes, and microgrids across India and key international markets. While VION has been part of the PowerHive story, the P261 is the brand’s first official product launch and a defining milestone in its growth. The P261 is designed to solve the real pain points of C&I energy users: cut peak demand charges, maximize solar self‑consumption, provide reliable backup, reduce diesel generator runtime, improve power…
Juniper Green Energy Limited, through its subsidiary Juniper Nirjara Energy Private Limited has entered into a 25-year Power Purchase Agreement (PPA) with SJVN Limited for a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project. Signed on 26th August, 2026, the agreement falls under SJVN’s FDRE-2 scheme, which was awarded through a Tariff-Based Competitive Bidding process. Juniper Nirjara Energy had received the Letter of Award for the project from SJVN on 03rd February, 2025. The PPA carries a tariff of ₹4.25 per unit over its 25-year tenure, with the project required to deliver four hours of peak-hour supply and maintain…
India Yamaha Motor (IYM) Pvt. Ltd. has unveiled the all-new YZF-R2 in India, marking the motorcycle’s global debut and strengthening the company’s R-Series portfolio in the country. Priced from ₹2,30,500/- (ex-showroom, Delhi), the YZF-R2 represents Yamaha’s latest move to expand its premium motorcycle offering in India and cater to the growing aspirations of riders seeking higher levels of performance, technology and riding experience. The YZF-R2 marks Yamaha’s entry into the highly competitive 200cc motorcycle segment, targeting a new generation of riders looking for a combination of supersport performance, advanced technology and everyday practicality. Built on an all-new platform and powered…
Industrial gear units must deliver reliable performance even under the most demanding operating conditions. From container cranes and quarry conveyor systems to fermenters in biogas plants, these systems are responsible for moving heavy loads and maintaining the availability of critical industrial applications. NORD DRIVESYSTEMS’ MAXXDRIVE Industrial Gear Units are engineered to meet these challenges, combining a robust design with application-specific adaptability. The result is a dependable heavy-duty drive solution designed for continuous operation and demanding industrial environments. NORD introduced its industrial gear unit portfolio for heavy-duty applications in 2009, establishing the MAXXDRIVE series as a key part of its drive…