JSPL WINS RAIL CONTRACTS WORTH `665-CRORE FROM RVNL
Jindal Steel & Power Limited (JSPL), India’s only private manufacturer of rails, has won an order from Rail Vikas Nigam Limited (RVNL) to supply 89,042 tonnes of UIC 60 kg IRS T-12 880 grade 13 meter rails for its upcoming projects. The order is valued at approximately `665-crore.
Says Naushad Akhter Ansari, Joint Managing Director, JSPL, "This order is indicative of JSPL’s strategic commitment to growing its footprint in the domestic Rail
segments. It is a great endorsement of our products and services, and securing another important rail contract from railways in less than a year is a source of great pride."
Earlier, in July 2018, JSPL bagged the first-ever global tender for supply of Rails to Indian Railways, which was floated by Indian Railways and saw bidding by eight leading players amongst which were world’s seven topmost manufacturers of Rails. As per the terms of the global tender, JSPL was to supply close to one lakh tonnes of long rails, worth `568-crore to Indian Railways over a period of one year. It had completed the delivery in record time, four months ahead of schedule.
Over and above, JSPL secured an additional order to supply 30,000 tonnes of rails under this global tender.
"The RVNL order reinforces our expertise and product quality combined with our commitment to meet tight delivery schedules," said Ansari.
NEWS ----------SEPTEMBER 2018 Issue
Cygni Energy raises $6.4 Mn to power growth & expansion
Hyderabad-based Cygni Energy Pvt. Ltd., an innovative Solar-DC solutions start-up, has announced that it has raised funds of $6.4-mn through a combination of equity and debt. The equity funding is led by Endiya Partners, a leading early stage venture capital firm that invests in product start-ups, and the debt by IndusInd B
READ MORE...*****
Cosmos Solutions receives US$950-mn for new eco-friendly energy product
Cosmos Solutions Pvt. Ltd.’s patented new technology to generate more power from engines using micro controllers received a major green signal with a private equity of US$950-million from Linetrust Offshore Ltd. The Head of private equity of Linetrust ASEAN, Dr. Sailesh Lachu Hiranandani, who has spared no effort in promoting the development of renewable energy, assured Cosmos
READ MORE...*****
Black & Veatch bags IEDCL’s 41MW hybrid project
Black & Veatch has been selected to provide engineering expertise to IL&FS Energy Development Company Limited’s (IEDCL) 41 megawatt (MW) solar photovoltaic (PV), wind, and battery storage hybrid project in India. Core components of the project are 25 MW solar PV and 16 MW wind power generation systems, coupled to an optimised energy storage system.
Technical services for the
READ MORE...