BHEL, Rail Vikas Nigam and Adani Power to see some action today

Bharat Heavy Electricals (BHEL) has received an order from Mirzapur Thermal Energy (UP) for Supply of equipment (Boiler, Turbine, Generator) and Supervision of Erection & Commissioning for 2x800 MW power project based on Supercritical Technology at Mirzapur, Uttar Pradesh.

Rail Vikas Nigam has received Letter of Acceptance from Eastern Railway for Construction of Sitarampur bye pass line under Asansol Division of Eastern Railway. The project cost is Rs 390.97 crore. The said project is expected to be completed in 24 months. 

Adani Power has been allotted 50,00,000 equity shares of Rs 10 each by Mirzapur Thermal Energy U.P. (MTEUPL) on preferential basis resulting in a 99.8% equity stake in MTEUPL. Consequently, MTEUPL has become a subsidiary of the Company. The object is to set up infrastructure facilities/ capacity augmentation of the company.

Bharat Parenterals is planning to acquire additional 99,85,477 equity shares having Face value Rs 10 per share with a premium of Rs 54.90 per share aggregating of Rs 64.90 per share of Innoxel Lifesciences, a Subsidiary company of the company on a preferential basis. The Investment is made for Expansion of Existing Plant and Working capital requirement of the Subsidiary Company.

Century Textiles & Industries’ wholly owned subsidiary -- Birla Estates has entered into a joint venture with Barmalt India for a luxury residential group housing development in Sector 31, Gurugram. The land parcel is spread across 13.27 acres with a development potential of approximately 2.4 million square feet offering a revenue potential of approximately Rs 5000 crore.

Orissa Bengal Carrier has received approval from the Ministry of Corporate Affairs (MCA) for incorporation of a Wholly Owned Subsidiary of the company in the name of ‘OBCL Ventures’ on June 04, 2024. The main object of the newly incorporated company is carrying out various trading activities. The incorporation will help the company in diversification and expansion of the current business operations of the company. Further, the company can also use its existing logistics framework for various trading activities.   

Markolines Pavement Technologies has been awarded various work orders/contracts, which amount to Rs 72 crore from various clients - existing as well as new, including NHAI, Cube Highways JMTPL/KHEPL, BNC Palasiddha Infra, Rajmata Jijayu Road Nirmiti etc. The nature of work will be ranging from the construction of new tunnel, improvement & strengthening of existing lanes, PQR Repairs, Micro surfacing, maintenance of road etc. Whereas the work period of these orders ranges from May 2024 to November 2025.