Read more about PSP Projects gains on winning orders on Business Standard. PSP Projects rose 2.77% to Rs 495.45 after the company received letter of acceptances (LOA) amounting to Rs 1491.34 crore for construction of medical colleges and hospitals at multiple locations at Uttar Pradesh.
JMC Projects (India) has signed an agreement with Fahi Dhiriulhun Corporation (FDC), a state-owned company of the Government of the Republic of the Maldives, for the design, finance and construction of 2,000 social housing units in Hulhumale Island of Maldives.
The total value for this project is estimated to be around USD 137 Million (~Rs.1,000 crore) and is planned to be financed via a loan from multilateral funding agency.
The financial closure of the project is expected to conclude soon and construction on the project will commence after the financial closure .
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Read more about Assam breaks records in poll seizures, Rs 18 cr worth items caught so far on Business Standard. Assam broke all previous records in seizures of cash, liquor, drugs and other goods in the run-up to the Assembly polls
Praj Industries has received an order from Hindustan Petroleum Corporation (HPCL) for setting up Compressed Biogas (CBG) project at Badaun in Uttar Pradesh. Praj is offering its state of the art, worlds first of its kind RenGas technology developed using proprietary microbe to produce CBG from rice straw.
The project has capacity to process 35000 MT of rice straw as feedstock to generate 5250 MT of CBG annually.
In addition, the project will also generate 23,000 MT high quality solid biomanure and 350,000 MT of liquid bio-manure for ferti-irrigation. This project has a potential to save up to 15000 MT of C02 emissions per year. The project will be completed and commissioned within 12 months timeframe.
Read more about PSP Projects bags orders worth Rs 25.58 crore in Gujarat on Business Standard. With receipt of the above, the total work orders received during financial year 2020-21 on standalone basis amounts to Rs. 2436.86 crore (excluding GST) and the outstanding orderbook considering December books stands at Rs. 4736.88 crore