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Bharat Petroleum Corporation (BPCL) is going to invest nearly Rs 1.10 lakh crore in the next five years to expand its capacity and enter newer streams. For the current fiscal, the company will invest Rs 7,800 crore. BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of… Continue reading BPCL LINES UP RS 1.10 LAKH CRORE CAPEX FOR NEXT FIVE YEARS

Jet Airways has failed to attract any new bidders during the extended deadline period for submission of initial bids. The third deadline for submission of Expression of Interest (EoI) ended on August 31. With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier. Jet… Continue reading JET AIRWAYS FAILS TO ATTRACT NEW BIDDERS DURING EXTENDED DEADLINE PERIOD

SPML Infra has received new project orders worth Rs 177.40 crore. The orders have been received from Jharkhand Urja Sancharan Nigam for 132/33 kV Substation projects to be completed in 24 months period. These projects are funded by the World Bank under ‘Jharkhand Power System Improvement Project’ scheme. In power infrastructure development projects, SPML Infra… Continue reading SPML INFRA RECEIVES ORDERS WORTH RS 177.40 CRORE

Escorts’ Agri Machinery Segment (EAM) has sold 4,035 tractors in August 2019 against 4,812 tractors sold in August 2018, registering fall of 16.1%. Domestic tractor sales in August 2019 stood at 3,763 tractors against 4,674 tractors in August 2018. Export for the month of August 2019 at 272 tractors registering a 97.1% growth as against… Continue reading ESCORTS’ AGRI MACHINERY SEGMENT REPORTS 16% FALL IN TRACTOR SALES IN AUGUST

Eveready Industries India has executed an agreement with Nuland Technologies, for sale of its land situated at Moula Ali Industrial Development Area, Hyderabad, for a consideration of Rs 100 crore. The sale is expected to be completed within 4 – 5 months on completion of certain milestones. The land was earlier the location of a… Continue reading EVEREADY INDUSTRIES INKS AGREEMENT WITH NULAND TECHNOLOGIES

Punjab National Bank’s (PNB) board is going to consider capital infusion of up to Rs 18,000 crore in its meeting scheduled to be held on September 05. It comes against the backdrop of the government’s announcement about merging 10 public sector banks into four entities, as part of which PNB will merge Oriental Bank of… Continue reading PNB’S BOARD TO CONSIDER CAPITAL INFUSION OF RS 18,000 CRORE

Ceeta Industries has disinvested its stake in Kingstone Krystals, a subsidiary of the company and upon completion of the formalities, Kingstone Krystals will cease to be subsidiary of the Company. Ceeta Industries is engaged in the manufacture of Granite slabs, both random and cut-to-size, tiles and monuments and special profiles on CNC Machines. The Company… Continue reading CEETA INDUSTRIES DISINVESTS STAKE IN KINGSTONE KRYSTALS

Edelweiss Financial Services’ subsidiary — ECL Finance and Central Bank of India (CBI), one of India’s largest commercial banks, have signed an agreement for Priority Sector Lending to Micro, Small and Medium Enterprise (MSME) customers. The partnership comes after the Reserve Bank of India announced the progressive Co-Origination Policy in September 2018, allowing banks and… Continue reading EDELWEISS FINANCIAL SERVICES’ ARM, CENTRAL BANK OF INDIA PARTNER TO CO-LEND TO MSMES

KNR Constructions has received a work order for Rs 850 crore from Megha Engineering & Infrastructures, Hyderabad for construction and completion of Earthen Bund works in the reach from Km. 12.800/12.665 to Km. 14.270/14.135 which are part and parcel of ‘Kaleshwaram Project-Formation of Sri Komuravelli Mallanna Sagar with a capacity of 50 TMC’. KNR Construction… Continue reading KNR CONSTRUCTIONS BAGS ORDER WORTH RS 850 CRORE FROM MEGHA ENGINEERING