archived as published
Week in review · Saturday, 12 September · prices through NSE close
The Defence Acquisition Council accorded Acceptance of Necessity to procurement proposals worth approximately Rs 1.10 lakh crore on September 7 for the Army, Navy, and Air Force. Motilal Oswal Financial Services Ltd stated it remained positive on the defence sector following the approval.
Shakti Pumps received an order from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the supply and deployment of 10,000 off-grid solar photovoltaic water pumping systems across Maharashtra valued at approximately Rs 235.92 crore, including GST.
Rail Vikas Nigam Limited received a Letter of Award from SJVN Thermal Private Limited valued at Rs 903 crore for construction of a permanent siding and aerial track connection for the 1,320 megawatt Buxar Thermal Power Project in Bihar, with a 36-month execution timeline.
Tata Consultancy Services has launched the TCS Industrial Autonomy & Engineering Lab, called Lights-Out Factory, at its Sahyadri Park campus in Pune. The facility demonstrates how artificial intelligence, robotics, digital twins, and industrial control systems can enable autonomous manufacturing.
Dilip Buildcon has received a letter of intent from the Petroleum and Natural Gas Regulatory Board for development of an LPG pipeline from Paradip, Odisha, to Raipur, Chhattisgarh. The contract value is Rs 1,800 crore for engineering, procurement and construction works.
Aditya Birla Group has launched UltraVolt, a wires and cables business housed under UltraTech Cement, with an initial investment of ₹1,800 crore. Shares of competitors Polycab and KEI Industries declined up to 9% following the announcement.
Cochin Shipyard Limited has approved a proposal to form a 50:50 joint venture with Drydocks World–Dubai FZCO to own, operate and manage its International Ship Repair Facility at Willingdon Island, Kochi. The two parties have signed a joint venture agreement for this purpose.
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