Metro and railway works worth Rs 34 billion awarded to ITD Cementation India

27 Nov 2019 CW Team

ITD Cementation India, a construction major in India, recently announced through its BSE filing that the company bagged five contracts estimated to be worth over Rs 34 billion, for major infrastructure projects in the country.

As reported, the company has received a total of 5 letters of acceptance (LoAs) from three major projects.

Reportedly, one of the contracts is worth Rs 17.71 billion and has been signed with the Bangalore Metro Rail Corporation (BMRCL) for the design and construction of underground structures (tunnels and four stations) of an approximate of length 4.591 km from the south of Tannery Road Station to the North Ramp, including allied works in Reach-6 Line of Bangalore Metro Rail Project, Phase-2.

Additionally, the company has received three LOAs from IRCON International for tunnelling works on Sivok in West Bengal to Rangpo in Sikkim – a new single broad gauge railway line project which consists of the construction of six tunnels.

The final contract includes one LOA, received from the Municipal Corporation of Greater Mumbai – for the construction of a sewer tunnel and allied works along SV Road by Segmental Tunnelling Method.

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..