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Govt approves ₹23,437 crore railway expansion across 6 states
The Union Cabinet has approved three major railway projects costing over ₹23,000 crore. These projects will add nearly 900 km to the Indian Railways network. They aim to reduce traffic congestion and boost capacity. This will improve connectivity across several states. The enhancements will also support the transport of essential goods and reduce logistics costs.
Afcons Infra secures ₹373 crore orders for urban, metro projects in April
Afcons Infrastructure wins ₹373 crore urban and metro EPC and tunnelling orders, 20% equity lock in ends, shares close at ₹342, up 0.68%.
Top Gainers & Losers on May 4: Meesho, Vedanta, HFCL, BHEL, Cemindia Projects, Anant Raj among top gainers
On May 4, major indices saw gains due to strong buying in heavyweight stocks and positive state election trends for the Bharatiya Janata Party. The Nifty 50 rose 0.51% to 24,119, while the S&P BSE Sensex increased 0.31% to 77,159, with midcap and smallcap indices outperforming.
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.
Indian Bank Q4 profit rises 5% to Rs 2,956 crore
Indian Bank announced a 5% increase in net profit for the fourth quarter. The bank saw its operating profit rise and its gross and net non-performing assets fall significantly. Despite challenges foreseen in treasury operations due to global events, the bank projects steady growth in advances for the current fiscal year. Deposits also showed robust growth.
Bajel Projects jumps 13% on over ₹400 crore MENA transmission order win
Bajel Projects shares rose after winning ultra-mega EPC orders over ₹400 crore for 500 kV transmission lines in the MENA region, boosting its global presence and stock performance.
There is no future for petrol and diesel vehicles, Nitin Gadkari says
India is phasing out petrol and diesel vehicles. Union Minister Nitin Gadkari stated there is no future for these fuels. Manufacturers must switch to cleaner alternatives. Hydrogen and ethanol are highlighted as key fuels. India is already producing ethanol from various sources. Pilot projects for hydrogen trucks and buses are underway.
Infosys names Grand Slam Champion Carlos Alcaraz as global brand ambassador
Infosys signs multi year deal with tennis star Carlos Alcaraz as global brand ambassador, to co develop AI match analytics, performance app and social impact tech projects.
Swiggy shares drop over 4% after co-founder Lakshmi Nandan Reddy Obul resigns
Swiggy co-founder Lakshmi Nandan Reddy Obul will be stepping down from his board position and moving on from Swiggy to pursue personal independent projects, the company informed the exchanges.
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.
Railways clears 100 projects worth Rs 1.53 lakh crore in FY26; expansion more than doubles yoy
Indian Railways is set for a major expansion in FY 2025-26. The Ministry of Railways has sanctioned 100 projects with a Rs 1.53 lakh crore investment. This initiative will add over 6,000 kilometers of new railway lines and upgrade existing ones. Projects will focus on decongesting routes, improving services, and connecting underserved regions.
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.