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Ceigall India says its joint venture CIL-SAM bags Rs 918-cr order from Jaipur Metro
Ceigall India's joint venture, CIL-SAM India, has secured a Rs 918.04-crore project from Jaipur Metro Rail Corporation for Phase-II expansion. The contract involves designing and constructing an 10.8 km elevated viaduct and ten metro stations, with a 34-month execution timeline. This win signifies Ceigall India's diversification into urban mobility projects.
The IPO afterlife for unicorns: How mutual funds are doubling down on next-gen leaders
Indian mutual funds have boosted their investments in five new-age companies. Funds poured into stocks like Urban Company, Ather Energy, Lenskart, Meesho, and PhysicsWallah. This shows growing confidence from domestic investors in these tech-focused businesses. Brokerages are also initiating coverage with positive outlooks. This trend indicates a significant shift in institutional capital towards India's new-age economy.
NBCC, HUDCO partner for August Kranti Bhawan redevelopment, project funding
NBCC signs two MoUs with HUDCO to redevelop August Kranti Bhawan in Delhi and secure funding for self sustainable projects, aiming to speed execution and boost urban infrastructure.
Enviro Infra wins two EPC contracts worth ₹972 crore for sewage projects
Enviro Infra Engineering wins two EPC contracts worth ₹972 crore to build sewage treatment plants and sewer networks under Swachh Bharat Mission Urban 2.0. Shares of Enviro Infra Engineering ended higher on Friday, April 10, by 1.25% at ₹173.15 on the NSE.
Power Mech enters urban mobility with ₹296 crore Mumbai Monorail contract
Power Mech wins ₹296 crore five year O and M contract from MMMOCL for Mumbai Monorail, marking its entry into urban mobility, shares rise nearly 6%.
BEML, Delhi Metro Rail Corp partner to bid for rail, metro projects
BEML signs MoU with DMRC to jointly bid for rail and metro projects in India and abroad, leveraging manufacturing and execution strengths to expand in urban mobility markets.