Latest news with #ofAcceptance
Business Upturn
27-05-2025
- Business
- Business Upturn
HBL Engineering wins Rs 101.55 crore Kavach contract from IRCON
By Aman Shukla Published on May 27, 2025, 16:34 IST HBL Engineering Limited (formerly HBL Power Systems Limited) has received a Letter of Acceptance from IRCON International Limited for the implementation of the Kavach system, an indigenous Automatic Train Protection (ATP) technology. The awarded project covers the Bangalore and Mysore divisions of South Western Railway. The contract includes the provision of Kavach across 85 railway stations, covering a total route length of 778 kilometers and installation on two locomotives. The total contract value is Rs. 101.55 crores, inclusive of 18% GST. The project is expected to be completed within a period of 18 months. This order adds to HBL Engineering's growing order book, which now stands at Rs. 3,865.43 crores. The contract is domestic in nature, and there is no involvement or interest from the company's promoters, promoter group, or group companies. The transaction does not fall under the category of related party transactions and has been executed on an arm's length basis. 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
Business Upturn
02-05-2025
- Business
- Business Upturn
RailTel secures Rs 22.75 crore order from North Central Railway for infrastructure project
RailTel Corporation of India Ltd. has announced the receipt of a significant work order from North Central Railway valued at Rs 22.75 crore (inclusive of tax). The domestic project is scheduled for completion by April 30, 2026, according to the company's regulatory filing on May 2, 2025. The order, awarded through a Letter of Acceptance (LOA), falls under the category of infrastructure project contracts and does not involve any related-party transactions. RailTel clarified that there is no promoter interest in the awarding entity. The work order was formally received on May 1, 2025, at 4:20 PM, and RailTel confirmed there has been no delay in disclosure. This contract reinforces RailTel's strong positioning in government digital infrastructure projects, especially within the Indian Railways ecosystem. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
02-05-2025
- Business
- Business Upturn
Capacit'e JV secures Rs 384.72 crore contract for Mumbai-Ahmedabad High-Speed Rail project
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
