CFM Acquires GMR Rajahmundry Energy Debt from Edelweiss ARC

Paras Railtech Wins Rs 1.22 Billion Mumbai Metro Contract

Paras Railtech Private Limited has received the Letter of Acceptance (LoA) for the second ballastless track contract, Package CA-273, of Mumbai Metro Line 2B (Yellow Line). The 23.6-km corridor runs between Andheri West and Mandale.The Mumbai Metropolitan Region Development Authority (MMRDA) had floated the tender in March 2025 with an estimated value of Rs 1.22 billion. Technical bids were opened on 22 April, with three firms submitting offers. Following technical evaluation on 14 May, two bids were rejected during the financial assessment. Paras Railtech was declared the lowest bidder and on..

Agartala Smart City Projects Worth Rs 8.44 Billion Progressing

Agartala Smart City Limited is currently executing projects worth over Rs 8.44 billion and has set a target to complete storm water drain and road works before Durga Puja this year.According to Chief Executive Officer Dr Shailesh, the organisation has taken up 65 projects, all of which have been completed. Among the major works, the city addressed long-standing problems of waterlogging and flooding. To resolve this, 24 projects worth Rs 646 million were implemented, which included the installation of six new flood pumps. Storm water drains were also redesigned to ensure easier cleaning.For mai..

BNT Marine Gets Nod For First Marine EOU Under MEPZ

The 8th Unit Approval Committee of the Madras Export Processing Zone (MEPZ) SEZ has approved BNT Marine Crafts (India) to convert its Domestic Tariff Area unit in Abishegakuppam, Puducherry, into a 100 per cent export oriented unit (EOU).This marks the first marine sector EOU under MEPZ’s jurisdiction. The company will manufacture semi-submarines, tourist vessels, commercial vessels and premium vessels for international markets. With an investment of Rs 22.5 million, the unit aims to generate net foreign exchange earnings of Rs 320 million over the next five years. It is also expected to cre..