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The order is for the procurement of materials and installation of a solar power producing plant of 130 MWp/100 MWac.

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RailTel is also preparing to bid on a big government tender for the KAVACH system in locomotives. The tender opened on September 19.

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It has received orders for 3 further packages, including a 380kV overhead transmission line and a bulk supply 380kV gas-insulated substation.

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The corporation clarified that the promoter group or group companies had no connection or interest in the entity that awarded the contract.

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The business expects the preferred issuance to increase its net worth from over ₹9,000 Crore to over ₹12,000 Crore.

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The contract is valued around $54 million, and the order will be fulfilled in 33 months.

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The board of directors decided to sell its 51% stake in Kineco Limited to a consortium of investors for a consideration of ₹220 Crore.

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The site would be converted into residential and commercial space under the project, which is estimated to cost roughly ₹1,600 Crore.

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Gravita Netherlands BV will have 80% of the stock and management control, and the remaining equity held by other Romanian partners.

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BEL received an order worth ₹850 Crore from Cochin Shipyard to supply an indigenous multi-function radar in X band.

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