The newly awarded contracts will help enable troop transportation, logistics & other specialized mobility requirements in support of the CIWS programme
An industry veteran of over 30 years, he has worked across sectors including cement, construction, power and heavy metals and this experience will be an asset to the company.
In the last few years, the firm announced a dividend of ₹5 a share in 2024 and ₹4 a share in 2023.
The gigafactory is expected to add 9,500 direct jobs and about 30,000 related jobs.
The minimum agreed tariff to supply power is ₹2.57 per kilowatt-hour (kWh), which is expected to be a competitive tariff in the renewable energy sector.
The case highlights broader challenges for infrastructure and power sector companies involving contract execution, payment disputes and financial recoveries.
The second, valued at ₹255 crore, is for the Dholpur-Bina section in the North Central Railway’s Jhansi Division.
It consists of a 198 km railway line in the Ratlam and Bhopal divisions of the Western and West Central Railways in Madhya Pradesh.
The SBLC was originally issued by Borosil Renewables to HDFC Bank’s Mumbai branch, and was used to back a €12 million loan that HDFC’s GIFT City branch had given GMB.
The Yelahanka project will have approximately 1.5 million square feet of saleable area and will comprise primarily premium residential apartments and high-street retail.

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