Page 6 - Engineering Limited News Today

A LIMERICK engineering company have announced they are ceasing trading after 20 years in business.  Glenfield Engineering Limited confirmed to staff on Fri...

Gensol Engineering Ltd has received an order worth Rs 75 crore to lease 500 electric cargo vehicles from a logistics firm. The order was secured through its subsidiary, Gensol EV Lease Pvt Ltd. The vehicles will be deployed in Maharashtra, Karnataka, West Bengal, Tamil Nadu, and Telangana over the next six months.

Gensol Engineering Ltd: "Gensol EV Lease bags order for more than 500+ Tata Ace Cargo EVs. This substantial order, valued at INR 75 crore, is from an all-electric logistics company," it said.

Deputy Managing Director of the company Sudipta Mukherjee said, "We are happy to announce the successful inauguration and operation of Indias highest capacity Gantry Crane at the Subansiri Lower Hydroelectric Project. Texmaco Rail & Engineering Limited continues to push the boundaries of innovation and engineering excellence…We are proud to be part of Indias journey towards harnessing clean and sustainable energy through projects like this."

The court observed that in the present case, on the day when the LOC was issued, the petitioner was not an accused in any case and there was no material on record to show that his arrest was even contemplated.

The HC passed the order in a case where the petitioner, who had worked with Lloyd Electric and Engineering Limited from 2010 to 2017, was issued an LOC at the instance of the bank for the transactions that had taken place after his resignation.

The Delhi High Court has ruled that banks cannot issue Look Out Circulars (LOCs) as a means to recover money. The court stated that LOCs cannot be opened based on the mere possibility of a person being accused in a criminal case, as this infringes on the individuals right to travel abroad, which is a fundamental right.

Akhaura-Agartala railway to create Bangladesh-India new trade potentials

The Delhi High Court has observed that banks cannot use Look Out Circulars (LOCs) as a measure of recovering money from creditors just because they feel remedy available under law is not sufficient....

The CBI has arrested an Executive Director of GAIL in connection with the alleged Rs 50 lakh bribery case in which money changed hands to favour some contractors in the gas pipeline projects.