logo
Capacit'e JV secures Rs 384.72 crore contract for Mumbai-Ahmedabad High-Speed Rail project

Capacit'e JV secures Rs 384.72 crore contract for Mumbai-Ahmedabad High-Speed Rail project

Business Upturn02-05-2025
Capacit'e Infraprojects Limited, in partnership with SSC Infrastructure Private Limited, has been awarded a Letter of Acceptance (LOA) by National High-Speed Rail Corporation Limited (NHSRCL) for the construction of Maintenance cum Technology Centres for the Mumbai-Ahmedabad High-Speed Rail Project. The contract, valued at ₹384.72 crores (excluding GST), involves the design and build works at six different locations in Gujarat.
The scope of the project includes the construction of maintenance and technology centres at six locations in Gujarat as part of the Mumbai-Ahmedabad High-Speed Rail Project, a significant infrastructure initiative in India. The joint venture, with SSC Infrastructure holding a 60% stake as the lead partner, will be responsible for executing the works.
Mr. Rahul Katyal, Managing Director of Capacit'e, expressed his gratitude towards NHSRCL for placing their trust in the joint venture. He stated, 'We are pleased to be entrusted by NHSRCL with this critical project and thank them for their belief in our capabilities. This award strengthens our position in the infrastructure sector and aligns with our strategy to expand our client base. We are committed to delivering this project on time while exceeding client expectations.'
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gold demand in key Asian hubs improves amid price correction
Gold demand in key Asian hubs improves amid price correction

Yahoo

timean hour ago

  • Yahoo

Gold demand in key Asian hubs improves amid price correction

By Rajendra Jadhav and Anmol Choubey (Reuters) -Physical gold demand in key Asian markets improved slightly this week as a pullback in prices sparked buying interest, though volatility kept some buyers cautious. Spot gold hit its lowest level in a month on Wednesday and was headed for third consecutive weekly loss. [GOL/] "This week, footfall was better than last week. Buyers were inquiring about price trends and making small purchases," said a Pune-based jeweller. Domestic gold prices were trading around 97,700 rupees per 10 grams on Friday after rising to 100,555 rupees last week. Discounts offered by Indian dealers narrowed to as much as $7 an ounce over official domestic prices, inclusive of 6% import and 3% sales levies, compared to up to $15 last week. Jewellers were keen to make purchases to replenish inventory after a correction in overseas prices, but a significant drop in the rupee offset the impact of the price fall to an extent, said a Mumbai-based bullion dealer with a private bank. India's gold consumption in 2025 is set to fall to a five-year low, as record-high prices are denting jewellery purchases, the World Gold Council said on Thursday. In China, dealers quoted gold in a wide range, between a discount of $4.2 and a premium of $12 per ounce above international rates. "China appears to slightly buy the dip in gold... trading volume for the physical proxy contract AU9999 on the Shanghai Gold Exchange has been on the rise (11 tons traded yesterday), reflecting a renewed interest in the metal," said Hugo Pascal, a precious metals trader at InProved. In Hong Kong gold was sold at par to a $1.50 premium, while Singapore prices ranged from par to a $1.40 premium. In Japan, bullion was sold at par to a premium of $0.60. "There was lots of demand to buy if the price dropped even slightly. Regardless of the Japan-U.S. trade deal, gold is being purchased as an asset class amid low interest rates," a Japan-based trader said. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

JK Lakshmi Cement to acquire 26% stake in renewable energy SPV Opera Vayu
JK Lakshmi Cement to acquire 26% stake in renewable energy SPV Opera Vayu

Business Upturn

time4 hours ago

  • Business Upturn

JK Lakshmi Cement to acquire 26% stake in renewable energy SPV Opera Vayu

By Aman Shukla Published on August 1, 2025, 19:17 IST JK Lakshmi Cement has announced that its Committee of Directors, in a meeting held on August 1, 2025, approved entering into a Power Purchase Agreement (PPA) and Share Subscription & Shareholders' Agreement with Opera Vayu (Narmada) Private Limited, a Special Purpose Vehicle (SPV) focused on renewable energy. As part of the agreement, JK Lakshmi Cement will acquire a 26% equity stake in the SPV for up to ₹4 crore. This strategic investment aligns with the company's goal to enhance renewable power sourcing and reduce energy costs at its manufacturing locations. The project involves setting up a 4 MWp wind and solar hybrid power plant under the captive power route. The SPV, incorporated on August 1, 2022, is backed by project implementor Shivman Wind Energy Private Limited. Though the SPV reported no turnover or profit as of FY25, it has a net worth of ₹77.56 crore. Following the acquisition, Opera Vayu (Narmada) will become an associate company of JK Lakshmi Cement, providing clean energy at competitive rates for 12 years. The transaction, not falling under related party arrangements, will be completed by December 31, 2025, and is structured as a cash deal. No regulatory approvals are required. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store