RailTel Corporation of India, Dalmia Bharat and Rail Vikas Nigam to see some action today

RailTel Corporation of India has received the work order from National Informatics Centre Services Incorporated for Supply, installation, configuration, commissioning & integration of ICT infrastructure; and for Operation and Maintenance of the ICT infrastructure in compliance with the SLA, amounting to Rs 81.46 lakh (Including Tax). The said order is expected to be completed by August 31, 2024. 

Dalmia Bharat’s wholly owned subsidiary -- Dalmia Cement (Bharat) (DCBL) has entered into Share Subscription and Shareholders’ Agreement (SSSA) and Solar Power Purchase Agreement (SPPA) on June 7, 2024 to acquire 19.18% of equity share capital of Amplus Kaveri Solar, consisting of 1,62,61,200 equity shares aggregating to Rs 16.26 crore in one or more tranches to source solar power as a captive consumer for a capacity upto 45.20 MW located in the State of Maharashtra. 

Rail Vikas Nigam’s (RVNL) joint venture (JV) -- KRDCL-RVNL JV has emerged as the Lowest Bidder (L1) from Southern Railway for ‘Provision of Automatic Signalling on Ernakulam JN(ERS) - Vallattol Nagar (VTK) Section on B-Route of Thiruvananthapuram Division in Southern Railway.’ Broad consideration or size of the order is Rs 156.47 crore. The said order is expected to be completed in 750 days.

State Bank of India (SBI) has entered into a strategic co-lending partnership with Muthoot Microfin. Muthoot Microfin aims to extend its financial services to women entrepreneurs in rural and semi-urban regions across India.

IFGL Refractories has set up Tar Impregnation Plant with a capital outlay of about Rs 12 crore only, adjacent to company’s manufacturing facilities at Sector B, Kalunga industrial estate, near Rourkela (Odisha). Tar Impregnation will enhance performance of company manufactured Slide Gate Refractories at the end of customers i.e Steel Plants and will thus will reduce their downtime costs and consequently improve margins. 

KEC International has secured new orders of Rs 1,061 crore across its various businesses. Transmission & Distribution (T&D) business has secured orders for T&D projects in India, East Asia Pacific and Americas. Railways business has secured orders in the technologically enabled/ conventional segments in India. Cables business has secured orders for supply of conductors and cables.

Punjab National Bank is planning to open a representative office in Dubai, as part of its plan to expand its global footprint. The bank has got the board of directors' approval for opening a representative office in Dubai and the process is on for seeking regulatory clearance.