Rites said its consortium has secured a general consultancy order from Haryana Rail infrastructure Development Corporation for their Haryana Orbital Rail Corridor (HORC).
On 11 February 2021, the company had informed that it had emerged as L-1 (lowest) bidder for the aforementioned contract.
The order is for a new electrified broad-gauge double line (about 144 kms) from Palwal to Sonipat via Sohna, Manesar and Kharkhoda in the state of Haryana with speed potential of 160 kmph. Fee payable to the consortium will be about Rs 61 crore.
RITES is a Miniratna (Category - I) Schedule A Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31 December 2020, the Government of India held 72.2% stake in the company.
Tata Power announced that TP Saurya, the wholly owned subsidiary of the company, has signed a Power Purchase
Agreement with Tata Steel (TSL) to develop a 15 MW solar project at Jamshedpur, Jharkhand.
The energy will be supplied to TSL under a Power Purchase Agreement (PPA) valid for a period of 25 years
from scheduled commercial operation date.
The project is required to be commissioned within 6 months from
the date of execution of the PPA.
The Plant is expected to generate an average of 32 MUs of energy per year and will annually offset
approximately average 25.8 Million Kg of CO2.
Tata Power s renewable capacity will increase to 4,047 MW, out of which 2,687 MW is operational and 1,360
Bombay Burmah Trading Corporation Ltd clocked volume of 3.63 lakh shares by 10:48 IST on BSE, a 37.48 times surge over two-week average daily volume of 9698 shares
Shoppers Stop Ltd, Jindal Stainless Ltd, KEI Industries Ltd, Alok Industries Ltd are among the other stocks to see a surge in volumes on BSE today, 03 March 2021.
Bombay Burmah Trading Corporation Ltd clocked volume of 3.63 lakh shares by 10:48 IST on BSE, a 37.48 times surge over two-week average daily volume of 9698 shares. The stock gained 1.55% to Rs.1,216.50. Volumes stood at 20962 shares in the last session.
Shoppers Stop Ltd clocked volume of 2.22 lakh shares by 10:48 IST on BSE, a 14.81 times surge over two-week average daily volume of 15020 shares. The stock gained 15.39% to Rs.244.80. Volumes stood at 4789 shares in the last session.
Engineers India (EIL) spurted 2.93% to Rs 89.60 after the company secured a deal from Indian Oil Corporation (IOCL) for capacity expansion of Panipat Refinery to 25 million metric tonnes per annum (MMTPA).
Indian Oil Corporation (IOCL) has awarded a project to EIL for the execution of consultancy for overall project management and EPCM services (Phase-II) for capacity expansion of Panipat Refinery from 15 million metric tonnes per annum (MMTPA) to 25 MMTPA (P-25 project).
The total awarded order value is around Rs 600 crore with a total project schedule of 40 months for mechanical completion. The announcement was made after market hours yesterday, 2 March 2021.
EIL s consolidated net profit dropped 19.7% to Rs 90.32 crore on a 6% decline in net sales to Rs 845.49 crore in Q3 FY21 over Q3 FY20.
Read more about Utilties shares gain on Business Standard. Utilties stocks were trading in the positive zone, with the S&P BSE Utilities index rising 44.77 points or 2.08% at 2198.24 at 09:48 IST.