Trucknetic, an Indian online transport and logistics company, will now provide all sorts of trucks and implement its full-stack trucking solutions in the Delhi-NCR area. The logistics company claims to offer an Uber-like service for trucks. It is planning to streamline India’s logistics industry through a marketplace that connects shippers and carriers for inter-state, inter-city, […]
Evera, a ride hailing platform in the Delhi NCR region owned by Prakriti E-Mobility, will receive an additional 2,000 XPRES T electric vehicles (EVs) from Tata Motors as part of the latter’s efforts to accelerate the transition to sustainable transportation. Launched in July 2021, Tata Motors’ XPRES-T electric sedan comes with two range options, which […]
Aurionpro Solutions Ltd has completed the previously announced acquisition of a 51% stake in the Delhi-based Toshi Automatic Systems (TAS) to boost its presence in the mass transit space. Toshi Automatic Systems specializes in offering products and solutions in mass transit, industrial, and public safety segments. Based in Mumbai, Aurionpro Solutions is already an established […]
NBGC (INDIA) Limited, a management consulting company owned by the Indian Ministry of Housing and Urban Affairs, has secured three work orders worth INR 258 crores. The company has signed three separate memorandums of understanding (MoUs). The first is with the Indian Ministry of External Affairs (MEA) for an INR 175 crore contract for redeveloping […]
Tech Mahindra has entered into a partnership with work graph company Soroco with an aim to set up a large task mining center of excellence (CoE) in New Delhi in order to underpin the evolving digital transformation requirements of customers right from discovery to realization. The task mining center of excellence is expected to offer […]
Power Grid Corporation of India Limited (POWERGRID) has prevailed as the successful bidder for a power transmission project that will evacuate 8.1GW power from solar energy zones in Rajasthan. According to the Indian government-owned power transmission company, the award is under tariff based competitive bidding to set up a transmission system for “System Strengthening Transmission […]
Larsen and Toubro (L&T) said that its heavy civil infrastructure unit has bagged a contract from the Delhi Metro Rail Corporation Limited (DMRC) for providing the design and construction of the Underground (UG) Metro Project of Phase-1 of Patna MRTS. Without revealing the exact contract value, Larsen and Toubro indicated its range to be between […]
Bharat Heavy Electricals Limited (BHEL) said that a prototype air pollution control tower (APCT) designed and developed by the company and installed in Noida has been inaugurated by the Indian Union Minister of Heavy Industries Dr. Mahendra Nath Pandey. The BHEL air pollution control tower has been installed on the traffic island located between the […]
Reliance Infrastructure Limited (Reliance Infra) said that the Supreme Court of India has upheld the arbitral award in favor of its subsidiary — Delhi Airport Metro Express Private Ltd (DAMEPL) against the Delhi Metro Rail Corporation. As per the court judgment, the Delhi Metro Rail Corporation has to pay INR 2,950 crores in damages plus […]
TARC Limited, a New Delhi-based real estate development company, said that it has wrapped up the previously announced INR 295 crores sale of its warehousing asset in North Delhi to BREP Asia ll EIP Holding. The seller is an affiliate of funds controlled, managed and/or advised by Blackstone. According to TARC, the sale of the […]