Balu Forge Industries, RailTel Corporation and PNC Infratech to see some action today

Balu Forge Industries (BFIL) has secured a major trial order to supply Powertrain sub-assemblies to a tractor manufacturer based out of the middle east. The contract is a testament to the quality of BFIL's products and its commitment to providing innovative solutions that meet the evolving needs of the agricultural industry.

RailTel Corporation of India has received the work order from Centre for Development of Advanced Computing (C-DAC) for Supply, Installation, Integration, Testing and Commissioning of IT infrastructure in green field Data Centre at New Delhi and Bengaluru along with Training and Support amounting to Rs 287.57 crore (including taxes).

PNC Infratech has been declared the L1 (Lowest) bidder for a Highway Project namely ‘Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Pachmon village to Anarbansalea village (from km 116+000 to km 151+200; Length = 35.2 km), ‘Package 6’ under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode’ from NHAI with a Bid Project Cost of Rs 1260 crore, on March 14, 2023. Price bids were opened on Tuesday, March 14, 2023, with PNC’s bid being the lowest (L1). Project is to be constructed in 24 months and operated for 15 years, post construction. 

Elgi Equipments’ wholly owned subsidiary -- Elgi Compressors USA Inc. has acquired 33.33% of the share capital of CS Industrial Services LLC on March 13, 2023. CS Industrial Services LLC will act as an exclusive dealer / distributor for Elgi Compressors USA Inc, for sale of ELGi branded compressors in Western New York region.

Hindustan Petroleum Corporation (HPCL) has entered into a long-term trademark licensing agreement with Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation. This collaboration encompasses the licensing, production, distribution, and marketing of Chevron's lubricant products under the Caltex brand, including Chevron's proprietary Havoline and Delo branded lubricant product.

NBCC (India) has been awarded with the work order for construction of Government Medical College and Hospital at Karaikal, Puducherry by Government of Puducherry. The approximately order value is Rs 500 crore.

ICICI Bank has announced that it offers a comprehensive bouquet of digital and physical solutions to cater to all banking needs of startups across their various life stages. The Bank provides innovative solutions through its domestic and international network, and branch at GIFT City, the Gujarat-based emerging global financial and IT services hub.