
VinFast's Rs 16 Billion EV Plant Not Eligible for Incentives
Vietnam-based electric vehicle (EV) maker VinFast’s Rs 160 billion (USD 2 billion) investment in Tamil Nadu will not qualify for benefits under India’s recently launched Scheme to Promote Manufacturing of Electric Passenger Cars, officials confirmed on Monday.The government clarified that to be eligible for incentives, investments must be capitalised only after formal approval under the scheme. Existing capital expenditures—such as VinFast’s ongoing work in Thoothukudi—do not meet the criteria, as the equipment and machinery must be put to use post-approval.“They have already capit..

NBCC Wins Rs 2.95 Billion Project at IIT Mandi
National Buildings Construction Corporation Ltd (NBCC) has secured a Rs 2.95 billion contract from the Indian Institute of Technology (IIT), Mandi for the development of multiple infrastructure facilities on its campus. The project is scheduled for completion within 30 months, the company said in a regulatory filing to the Bombay Stock Exchange (BSE).Under the scope of the contract, NBCC will construct academic buildings, a guest house, gymnasium, hospital, and an auditorium, significantly enhancing the institute’s academic and residential infrastructure.NBCC also clarified that its investor..

HBL Wins Rs 1.02 Billion Kavach Contract from IRCON
HBL Engineering Limited has received a Letter of Acceptance (LoA) from IRCON International Ltd for a Rs 1.02 billion contract to implement the Kavach Automatic Train Protection (ATP) System in the Bangalore and Mysore divisions of the South Western Railway.The project, to be completed in 18 months, will span 778 kilometres, covering 85 stations and integrating the system into two locomotives. The Kavach system enhances operational safety and signalling efficiency, helping prevent train collisions and ensuring faster response times during emergencies.This contract is the latest addition to HBL ..