BGR Tech–Collabrah Wins Rs 530.5 Mn Project from Oil India

08 Sep 2025 Editorial Team

BGR Tech, in partnership with Collabrah India, has secured a Rs 530.5 million contract from Oil India (OIL) for the deployment of six Surface Production Facilities (SPFs) across OIL’s operational zones in Assam. The three-year project includes a Framework Agreement, allowing for the provision of additional units if required. The collaboration leverages BGR Tech’s engineering expertise and Collabrah’s execution capabilities to support OIL India’s production expansion plans in line with the Ministry of Petroleum & Natural Gas’s vision for domestic energy growth.

Following this win, BGR Tech is targeting further business opportunities with ONGC and other exploration companies, particularly in Mumbai High, Cauvery Basin, KG Basin, Ahmedabad Assets, and other key fields in Northeast India. The company reiterated its commitment to resilience and reduced import dependency, aligning with the Ministry of New and Renewable Energy (MNRE) objective of promoting home-grown energy solutions.

Infrastructure Energy

08 Sep 2025

SCCL Mines Win 5-Star National Awards for Excellence

Singareni Collieries Company Limited (SCCL) has been awarded 5-Star ratings at the national level for four of its coal mines for the last financial year, recognising the company’s excellence in sustainable mining, safety, and operational practices.The honoured mines include:RG OC-1 Extension from the Ramagundam-3 AreaJK-5 OC from the Yellandu AreaRK-6 Underground Mine and RK-Newtech Mine from the Srirampur AreaThese awards were presented during the 5-Star Rating Awards Ceremony held in Mumbai, where SCCL Chairman and Managing Director N. Balram received the accolades from Union Minister for ..

JFSL Gets Rs 3.96 Billion from Promoters for Expansion

Jio Financial Services Ltd (JFSL) announced on Wednesday that promoter group companies have infused Rs 3.96 billion into the firm to support its expansion plans. The company’s board allotted 500 million convertible warrants at Rs 316.50 per warrant to Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Ltd, both part of the promoter group.Each entity has received 250 million warrants, and the total amount received—Rs 3,956.25 crore (Rs 39.56 billion)—represents 25 per cent of the total warrant issue price, in accordance with regulatory norms.This development is par..

RBI to Withdraw Rs 1.5 Trillion via 8-Day VRRR Auction

The Reserve Bank of India (RBI) has announced an eight-day Variable Rate Reverse Repo (VRRR) auction to be held on Thursday, with the objective of withdrawing Rs 1.5 trillion from the banking system. This move comes amid a significant liquidity surplus, which stood at Rs 3.03 trillion as of Tuesday, according to the central bank’s latest data.VRRR operations are a key liquidity management tool used by the RBI to absorb excess cash from the financial system and align short-term interest rates with the policy repo rate. By conducting such auctions, the RBI aims to maintain monetary stability a..