PNC Infratech Wins Rs 29.6 Billion Mining Contract from SECL

31 Jul 2025 CW Team

PNC Infratech Ltd has emerged as the lowest bidder (L1) for a mining services contract floated by South Eastern Coalfields Limited (SECL) in Bilaspur, Chhattisgarh. The contract, valued at Rs 29.57 billion (excluding GST), includes handling, transport, and other mining services such as the hiring of Heavy Earth Moving Machinery (HEMM) for overburden removal and coal extraction using surface miners. The scope also covers loading and transportation of extracted coal to designated locations at the Gevra OCP expansion project. The contract is to be executed over a five-year period, with financial bids opened on 28 July 2025.

Separately, the company also received a Letter of Acceptance from the Public Works Department, Rajasthan, for the construction of a flyover in Bharatpur city. The project, awarded on 6 June 2025 and valued at Rs 2.4 billion, involves building a flyover from Heeradas Chouraha to Kumher Gate Chouraha under an engineering, procurement and construction (EPC) model. It is scheduled for completion within two years.

Shares of PNC Infratech Ltd closed at Rs 297.75 on the BSE, down Rs 6.10 or 2.01 per cent.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..