Jayaprakash Power secures sand excavation works in AP

16 Apr 2021 CW Team

Jaypee Group subsidiary Jayaprakash Power Ventures Limited (JPVL) has secured the bid for sand mining in Andhra Pradesh, offering an annual revenue of Rs 765 crore to the state government.

Metal Scrap Trade Corporation Ltd (MSTC Ltd), a Mini-ratna PSU under the Ministry of Steel, selected the successful bidder on behalf of the state government.

JPVL would undertake sand mining, storage, and sale for a period of two years under the upgraded sand policy, 2019.

The government divided the state into three zones for sand excavation in different reaches, and JPVL offered the highest price for each of the three packages.

The state earned Rs 161.30 crore revenue from sand in 2019-20 and Rs 380 crore in FY 2021 (up to February).

The price of sand will be uniform at each reach across the state, with an upper ceiling regionally based on distance.

Customers can lodge a complaint to the concerned authorities if higher rates are charged. Strict action will be taken on such complaints, the government told the media. However, the government imposed a ban on the sand excavation in patta (private) lands.

Image Source

Also read: Earthmoving equipment demand on a high

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..