McDermott has secured a project management consultancy (PMC) and engineering, procurement, and construction management (EPCM) contract for the Naphtha Cracker Expansion (Phase II) polypropylene expansion and new ethylene derivative unit project from Indian Oil Corporation Limited (IOCL). The project, based at the Panipat Refinery and Petrochemical Complex located 62 miles (100 kilometers) from New Delhi, […]
In a shocking turn of events, Haryana’s Nuh district became the epicenter of a lethal clash between two communities on Monday evening. The horrifying incident resulted in the tragic loss of two home guard personnel, Neeraj and Gursevak, who were fatally injured when an enraged mob targeted a police team. It’s believed that the fallen […]
SRF Limited, a multi-business entity specializing in the production of industrial and specialty intermediates, reported a 14% decline in its consolidated revenue in Q1FY24, from ₹3,895 crore to ₹3,338 crore, compared to the same period the previous year. The Gurugram-based company also saw a significant drop in its Earnings before Interest and Tax (EBIT) and […]
Nandani Creation Ltd (NCL), a preeminent name in the women’s Indian wear sector, has unveiled plans to broaden its retail reach in the NCR region with a new franchise store in Gurugram, Haryana. The new retail outlet, estimated to be approximately 969 sqft in area, will offer the most recent collection from women’s wear brands […]
Godrej Properties Ltd. (GPL), a premier real estate developer in India, announced today that it has won the bid to develop two group housing plots on Golf Course Road in Gurugram. Godrej Properties secured the Letter of Intent for the project through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). Golf Course Road, […]
Apollo Hospitals Enterprise has agreed to acquire a stake of 60% in Ayurveda hospital chain Kerala First Health Services (AyurVAID Hospitals) for INR 26.37 crores through a mix of primary and secondary capital infusion. Founded in 2005, AyurVAID Hospitals currently has eight in-patient hospitals in India, located across Bangalore, Kochi, Almora, and Gurugram. Treatment stages […]
PVR Limited and real estate developer M3M India signed an agreement to set up an eight-screen multiplex at the latter’s 65th Avenue shopping mall in South Gurugram. Spread over 14 acres, the 65th Avenue mall was constructed with a top-line of INR 4,000 crores. Pankaj Bansal — Director at M3M India said: “PVR has defined […]
TARC Ltd has posted revenue of INR 16,102 lakhs for the second quarter of the current financial year (Q2 FY21-22). The New Delhi-based real estate development company said that it had seen a year-over-year growth of 652.8% in EBIDTA and a ten-fold surge in profit before tax. Amar Sarin — Managing Director and CEO of […]
G R Infraprojects Limited said that it has prevailed as L-1 bidder in a tender called by the National Highways Authority of India (NHAI) for developing a six-lane section of NH-754A in Punjab under Bharatmala Pariyojana Phase-I (Package-1) on hybrid annuity mode (HAM) by bidding an amount of INR 927 crores. According to the Gurugram-based […]
SRF Limited said that its board of directors has sanctioned a project for expanding its capacity for fluorocarbon refrigerant gas at its chemical complex in Dahej, Gujarat. The estimated cost of the expansion project is INR 550 crores and is being taken up to cater to the expected demand from the domestic as well as […]