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Kalpataru Projects secures Rs 2.17 billion orders

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Kalpataru Projects International, along with its international subsidiaries, has secured new orders worth Rs 2.17 billion in India and overseas.  The contracts include the design and construction of an elevated metro rail project in India, transmission & distribution (T&D) projects in India and abroad, as well as a residential building project in India. With these new orders, Kalpataru’s year-to-date order inflows have exceeded Rs 16.3 billion, with nearly 85% of the intake stemming from its…

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Powergrid InvIT announces H1 FY2024-25 results

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Power Grid Corporation of India Limited (POWERGRID) has released the half-yearly report for its Infrastructure Investment Trust, POWERGRID Infrastructure Investment Trust (PGInvIT). PGInvIT recorded a consolidated income of Rs 6,557.15 million for H1 FY2024-25, reflecting strong revenue generation. Net distributable cash flows reached Rs 5,228.20 million, with total distributions of Rs 5,460 million to unitholders. The Trust also reported EBITDA of Rs 6,125.07 million and a margin of 93.41%. PGInvIT manages five transmission assets in…

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Om Infra secures Rs 4.1 billion H&M contract for Kwar HEP

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Om Infra has been awarded a contract valued at Rs 4.1 billion for hydro-mechanical (H&M) works on the 540 MW Kwar hydroelectric power project in Jammu & Kashmir by Chenab Valley Power Projects. The contract includes the complete HM scope, covering procurement, manufacturing, inspection, assembly, testing, painting, transportation, storage, site erection, and commissioning of equipment such as radial gates, stoplogs, gantry cranes, trash racks, and steel liners for pressure shafts.  The project is expected to…

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Kataria Industries acquires Ratlam Wires’ wire manufacturing business

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Kataria Industries has acquired the wire manufacturing business of Ratlam Wires for approximately Rs 310 million.  The acquisition, valued at Rs 306 million, is structured as a slump sale, with the business continuing as a going concern. This move is expected to enhance Kataria’s presence in the steel wire industry. Ratlam Wires produces various steel wire products, including spring steel wires, PC strand wires, and both galvanized and ungalvanized wires. Arun Kataria, Managing Director of…