Latest news with #GSCL
Business Standard
4 days ago
- Business
- Business Standard
PDS arm inks pact to acquire 60% stake in GSC Link
PDS said that its step-down wholly owned subsidiary, PDS Sourcing has entered into share subscription agreement to acquire 60% stake in GSC Link (GSCL) for total consideration of Rs 10.25 crore ($1.20 million). GSCL is a company incorporated under the laws of Hong Kong. This strategic acquisition is aimed at expanding the company's global footprint, with a strategic focus on enhancing its presence and service capabilities in the USA market. The transaction is expected to be completed by 15 July 2025, subject to the satisfaction of condition precedent provided under share subscription agreement (SSA). PDS is a global fashion infrastructure platform offering product development, sourcing, manufacturing, and distribution for major brands and retailers worldwide. The company operates a vast global network covering over 90 offices in 22 countries. The companys consolidated net profit declined 12% to Rs 40.30 crore despite 9.7% increase in net sales to Rs 3525.77 crore in Q4 FY25 over Q4 FY24. The counter declined 2.10% to settle at Rs 399.15 on the BSE.
Time of India
26-05-2025
- Business
- Time of India
City's CCTV surveillance project nears halfway mark
1 2 3 4 5 6 Guwahati: About 45% of the city-wide CCTV surveillance project has been completed, officials from Guwahati Smart City Limited (GSCL) have said. The project aims to install 2,000 cameras across Guwahati to enhance public safety and improve traffic monitoring, with an estimated budget of Rs 220 crore. The decision to implement the surveillance system was taken two years ago during a police review meeting chaired by chief minister Himanta Biswa Sarma. "Currently, 100 CCTV cameras are operational, and cantilever poles measuring 5 to 6 metres have been installed at 650 locations, spanning areas such as Chandrapur, Khanapara, and Maligaon. Surveys for the remaining cameras have been completed at over 800 sites, with assistance from the city police. We aim to complete the project by Sept this year," said Rahul Choudhary, chief project manager of GSCL. Officials said the site survey for the integrated command and control centre (ICCC), which will manage the surveillance system, has been completed. The centre is expected to be established at the commissioner of police's office in Khanapara. While installation has progressed steadily, officials said challenges such as overhead low-tension electricity lines operated by Assam Power Distribution Corporation Limited, which have hindered pole erection. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Additionally, excavation work has been slowed by existing water supply pipelines managed by Guwahati Municipal Corporation (GMC) and Guwahati Jal Board (GJB). "We are coordinating with the respective departments to secure their support. Since most of the work is conducted at night, we obtain the necessary permissions in advance. APDCL has also agreed to temporarily shift wires when required," Choudhary added. The surveillance system features both bullet cameras, which are designed for fixed-location monitoring, and Pan-Tilt-Zoom (PTZ) cameras, suitable for wide-area coverage at traffic junctions and public spaces. "Equipped with artificial intelligence technology, PTZ cameras have a focusing range of approximately 400 to 500 metres, while bullet cameras are effective within 13 to 14 metres," the officer said. To ensure reliability, the cameras will be connected via underground power over ethernet cables, which provide both power and data through a single fibre-optic line. Each installation site will include a junction box housing a network switch, fibre junction switch, and an uninterruptible power supply unit for backup during outages.
