The Railways Strategic Business Group of L&T Construction has secured a significant order Contract to construct the Jakarta Mass Rapid Transit (MRT) Project (Phase 2A) (Contract Package CP205) for MRT Jakarta through L&T’s long-term Japanese partner, Sojitz Corporation. This Contract marks the first EPC Railway Systems Order for L&T in the ASEAN region. According to the company’s project classification, the value of the order ranges between Rs 1,000 crore to Rs 2,500 crore.
Posts in category Business Standard
Gensol Eng rises after securing contracts worth Rs 337 crore (26-02-2024)
Gensol Engineering added 2.28% to Rs 1245 after the company announced the award of two significant EPC contracts, underscoring our commitment to India’s renewable energy sector.
Supreme Inds inks agreements with O2 Energy SG (26-02-2024)
Supreme Industries announced that it has signed power delivery agreement (PDA) and security subscription and shareholder agreement (SSSHA) with the special purpose vehicle (SPV) formed by O2 Energy SG.
Utilties shares gain (26-02-2024)
Utilties stocks were trading in the positive zone, with the S&P BSE Utilities index rising 69.56 points or 1.27% at 5562.83 at 09:46 IST.
Power stocks edge higher (26-02-2024)
Power stocks were trading in green, with the S&P BSE Power index increasing 62.9 points or 0.95% at 6675.88 at 09:46 IST.
Capital Goods shares rise (26-02-2024)
Capital Goods stocks were trading with gains, with the S&P BSE Capital Goods index rising 450.65 points or 0.79% at 57182.76 at 09:46 IST.
Paytm gains 5% as RBI asks NPCI to become third-party application provider (26-02-2024)
The RBI has asked the National Payments Corporation of India (NPCI) to look into the possibility of migrating Paytm Payments Bank customers, using the UPI handle ‘@paytm’, to four-to-five other banks
Toyam Sports partners with World Championship of Legends (26-02-2024)
Toyam Sports (TSL) announced its partnership with the World Championship of Legends (WCL) through its subsidiary, Pacific Star Sports (PSS). This noteworthy partnership signifies TSL’s substantial investment in the upcoming T20 cricket league, scheduled to take place at Edgbaston, United Kingdom, from July 3 to July 13, 2024.
Monthly household consumption expenditure more than doubled in last decade, HCES Survey Reveals (26-02-2024)
The per capita monthly household expenditure more than doubled in 2022-23 as compared to 2011-12, according to the latest study of National Sample Survey Office (NSSO). NSSO, under Ministry of Statistics and Programme Implementation, conducted Household Consumption Expenditure Survey (HCES) during August 2022 to July 2023, an official statement said on Saturday. The survey aims at generating estimates of household Monthly Per Capita Consumption Expenditure (MPCE) and its distribution separately for the rural and urban sectors of the country, for states and Union Territories, and for different socio-economic groups.
India’s Forex Reserves Fall $5.24 Billion To $617.23 Billion (26-02-2024)
The reserves had peaked in October 2021, when kitty had reached USD 645 billion.