Va Tech Wabag has achieved financial closure for its hybrid annuity project received from Kolkata
Metropolitan Development Authority.
The company had earlier signed a Rs. 575 crore HAM concession agreement under
the Namami Gange programme administered by the National Mission for Clean
Ganga (NMCG) which included the scope of engineering, supply and construction of new sewage treatment plants, renovation and up-gradation of existing sewage
treatment plants, rehabilitation of pumping stations and other associated
infrastructure in Kolkata.
WABAG will execute Engineering, Procurement and
Construction (EPC) portion of this project over 24 months followed by O&M of 15
years.
Once complete, the project with a cumulative wastewater treatment capacity
Larsen & Toubro announced that L&T Defence produced the K9 VAJRA under the largest contract awarded to an Indian private company by the Ministry of Defence, through global competitive bidding. The K9 VAJRA Howitzer Program involved the delivery of 100 Howitzers with associated Engineering Support Package (ESP) covering spares, system documentation and training.
It also involves Maintenance Transfer
of Technology (MToT) to an army base workshop to support the Howitzers throughout their operational life cycle.
As a part of the Make-in-India mission, the company established a green-field manufacturing cum integration and testing facility, the Armoured Systems Complex (ASC) at L&T s Hazira Manufacturing Complex near Surat. The ASC was dedicated to the nation by the Honourable
Additionally, JSHL s short-term credit facilities were assigned IND
A/RWE/INDA1 by the agency.
This rating factors in a string of positive developments at JSHL
in the last few months, despite pandemic-induced disruptions.
Ind-Ra has placed the
Company s long-term rating on RWE (Rating Watch Evolving), owing to the proposed merger between JSHL and Jindal Stainless (JSL) that is being monitored by the agency.
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