RVNL, TCS and Harsha Engineers to see some action today

Rail Vikas Nigam (RVNL) has received Letter of Acceptance (LoA) from NFR-CONST HQ-ELECTRICAL/N.F.RLY CONSTRUCTION for Engineering, Procurement, Construction of Design, Supply, Erection, Testing & Commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification OHE and TSS Works of Araria - Thakurganj New line Section in connection with New Line Project of Araria - Galgalia of N.F. Railway, including associated Works and Supply, erection, modification, testing and commissioning of SCADA for the section. (106.958 RKM/ 119.27 TKM). (in EPC mode). The cost of work is Rs 95.95 crore. The said order is likely to be completed in 240 days. 

TCS has reported results for fourth quarter (Q4) ended March 31, 2024. Tata Consultancy Services (TCS) has reported rise of 16.26% in its net profit at Rs 11,393 crore for the quarter under review as compared to Rs 9,800 crore for the same quarter in the previous year. Total income of the company increased by 4.06% at Rs 53,294 crore for Q4FY24 as compared Rs 51,213 crore for the corresponding quarter previous year. On consolidated basis, the company has reported rise of 9.32% in its net profit at Rs 12,502 crore for fourth quarter ended March 31, 2024 as compared to Rs 11,436 crore for the same quarter in the previous year. Total income of the company increased by 3.41% at Rs 62,394 crore for Q4FY24 as compared Rs 60,337 crore for the corresponding quarter previous year.

Harsha Engineers International has entered into an Agreement with Umbra Group S.p.A (Umbra Group) on April 12, 2024. In accordance with the Agreement, the Company has been appointed as the exclusive authorized agency of Umbra Group for repair, marketing, promotion, and sale of industrial ball screws, linear actuators, electro-spindles, milling heads or other manufactured components (Products) within the territory of India and the company wishes to market, promote, repair and sell the Products. Umbra Group will be supporting to the company to all technical aspects as may be required and the company will be marketing Umbra’s Product in designatory territory i.e India.

Dixon Technologies India has inked Memorandum of Understanding (MoU) with Dassault Systemes to revamp its manufacturing operations worldwide. The agreement aims to harness the capabilities of Dassault Systemes’ Digital Enterprise Lean Manufacturing Interactive Application (DELMIA) Apriso applications to enhance efficiency and quality control throughout the company’s production processes.

Engineers India (EIL) has signed Memorandum of Understanding (MoU) with Detect Technologies for Real Time Artificial Intelligence (AI) based Monitoring for Implementing Safe Practices at site using CCTV cameras, drones, network components, cloud/data centre etc. The collaboration will help EIL create the safest possible environment for the working personnel at Construction Sites.

Varun Beverages has started commercial production of carbonated soft drinks & energy drinks (juices and value added dairy products to be started) at its production facility at Gorakhpur, Uttar Pradesh.

ISMT has received two contracts from Oil and Natural Gas Corporation (ONGC) for supply of regular casing pipes as per specifications given in the contracts. Aggregate value of two contracts is around Rs 343.72 crore. The said contracts are likely to be executed till February 13, 2025.