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BPCL to buy 40% stake in Shell, Tiki Tar venture to expand value-added bitumen business
Bharat Petroleum Corporation Ltd. is acquiring a 40% stake in Tiki Tar and Shell India for Rs 85 crore, marking its significant entry into India's booming value-added bitumen market. This strategic move aims to capitalize on the nation's infrastructure development, particularly road construction. The joint venture will leverage Shell's technology and Tiki Tar's manufacturing capabilities, combined with BPCL's extensive distribution network, to supply advanced bitumen products for major projects.
MHADA’s 925-acre Mumbai redevelopment pipeline may draw Rs 4 lakh cr investment
Mumbai's housing redevelopment is set for a massive Rs 4 lakh crore investment, promising 75,000 rehabilitation tenements and 30,000 MHADA units. This large-scale urban renewal, covering 925 acres across 11 projects, aims to transform ageing colonies and densely populated areas. The new Construction & Development Agency model prioritizes residents with transit rent support and maintenance funds, attracting major developers like Adani and Reliance.
Asian Energy rises after bagging Rs 187.62 crore GSECL EPC contract
Asian Energy Services jumped 3.16% to Rs 374 after the company said that it has secured an engineering, procurement and construction (EPC) contract worth Rs 187.62 crore from Gujarat State Electricity Corporation (GSECL).
L&T betting big on 'digital workers' to overcome manpower challenges in projects: CFO R Shankar Raman
Larsen & Toubro is embracing automation and robotics to boost construction. The company aims to transform the industry by reducing reliance on manual labor.
Adani Group is jumping into Europe's deep waters. What can happen
Adani Ports is making a significant leap beyond traditional port operations, venturing into Europe's complex offshore and subsea market. Through a new partnership with Oceaneering International and its Astro Offshore arm, the company aims to become a global maritime infrastructure and offshore-services platform, focusing on deepwater engineering and underwater infrastructure for energy projects.
RITES' order from NALCO revised upward to ₹118.89 crore
The letter of award amendment relates to detailed engineering and PMC services for the construction of a railway siding at Sankerjang in phase-I of the Utkal-D coal mines project. Shares of RITES Limited closed at ₹200.75 on April 8, gaining ₹9.01 or 4.70%.
Govt plans to add 97,000 MW coal, lignite-based thermal capacity by 2035: Shripad Naik
India is set to boost its power generation capacity. The government plans to add 97,000 megawatts of coal and lignite-based thermal power by 2034-35. This expansion aims to meet a projected demand of 3,07,000 megawatts. Significant progress is already underway with ongoing construction and awarded contracts for thermal projects.
Taking Stock: Bulls back in action; Nifty closes above 24,100, Sensex gains 291 pts
More than 200 stocks touched their 52-week high on the BSE, including Kirloskar Oil, Aegis Logistics, New India Assurance, GNFC, HFCL, Aditya Birla Sun Life AMC, Belrise Industries, AIA Engineering, Aditya Birla Capital, Sona BLW, Syrma SGS, Leela Palaces, Cemindia Projects, RBL Bank, Bharat Forge, among others.