The opposition BJP on Thursday alleged irregularities in procurement of buses by the Delhi government, evoking sharp reaction from Transport Minister Kailash Gahlot who said Rs 225 crore was saved while procuring 1,000 low-floor CNG buses for the Delhi Transport Corporation. Speaking in the Delhi Assembly, the minister asserted that the city government will procure more buses and challenged the BJP to stop it. Delhi BJP MLA Vijender Gupta alleged a scam in the procurement of buses and listed various objections regarding tenders and annual maintenance provisions. The tenders for 1,000 buses and their annual maintenance were floated separately. The cost of annual maintenance comes out to be more than the actual cost of the buses, he said in the Assembly.
State-owned Indian Bank on Tuesday said its committee of directors has given approval for raising up to Rs 4,000 crore through share sale.
Indian Bank said that the Committee of Directors has accorded approval for raising of equity capital of the bank aggregating up to Rs 4,000 crore (including premium) through qualified institutions placement (QIP) in one or more tranches. The fund raising would be subject to all statutory and regulatory approvals, it said.
The announcement was made after market hours yesterday, 9 March 2021. Shares of Indian Bank fell 2.94% to settle at Rs 135.30 yesterday.
Indian Bank is a public sector bank. The Government of India held 88.06% stake in the bank as on 31 December 2020.
State-run Power Grid Corporation of India (PGCIL) on Tuesday said it has acquired Ramgarh New Transmission (RNTL), which it has won in a tariff-based competitive bidding.PGCIL, pursuant to its selection as the successful bidder under tariff-based competitive bidding, has on 9 March 2021 acquired RNTL, the project SPV (special purpose vehicle) to establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under phase II - Part A, on build, own, operate and maintain (BOOM) basis from the bid process coordinator - REC Power Distribution Company.
The transmission system comprises establishment of a new 400/220kV Substation, 400kV DIC Transmission lines and associated Substation extension works in Rajasthan. The transmission system is an inter state transmission system project and is to be completed in 18 months.
India Tourism Development Corporation Ltd, Reliance Infrastructure Ltd, Kitex Garments Ltd and Meghmani Organics Ltd are among the other gainers in the BSE s A group today, 10 March 2021.
India Tourism Development Corporation Ltd, Reliance Infrastructure Ltd, Kitex Garments Ltd and Meghmani Organics Ltd are among the other gainers in the BSE s A group today, 10 March 2021.
Morepen Laboratories Ltd surged 13.30% to Rs 37.9 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 19.56 lakh shares were traded on the counter so far as against the average daily volumes of 5.36 lakh shares in the past one month.
India Tourism Development Corporation Ltd spiked 11.44% to Rs 416.55. The stock was the second biggest gainer in A group. On the BSE, 2.17 lakh shares were traded on the counter so far as against the average daily volumes of 23173 shares in the past one month.
Man Vastucon LLP, a wholly owned subsidiary of Man Infraconstruction has received an order worth Rs. 84.32 crore from Mira Shaindar Municipal Corporation for construction/finishing works of Auditorium situated at off Western Express Highway, Mira Road East, Thane.
The said work will be completed and handed over to Mira Shaindar Municipal Corporation within 1 year from the date hereof.
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