Texmaco JV Wins Rs 179 Cr Nepal Hydropower Project

06 Oct 2023 CW Team

"Texmaco has announced that their joint venture company with SS Fabricators and Manufacturers has secured an order worth Rs 179.89 crore from SJVN Arun-3 Power Development Company Limited. This project is currently in development in Nepal and involves the construction of a 900MW run-of-the-river hydropower facility.

The scope of work for this project includes various responsibilities such as procurement, fabrication, shop assembly, painting, testing, transportation, supply, erection, site testing, and commissioning of the Pressure Shaft Steel Liner.

In a separate development, Kilburn Engineering, a company controlled by the Kolkata-based Williamson Magor Group, has revealed its acquisition of ME Energy, a provider of waste heat recovery and waste heat reutilization systems, for approximately Rs 99 crore. This strategic acquisition is aimed at enhancing Kilburn Engineering's capabilities and strengthening its position in the thermal engineering systems market, as stated by the company in an official statement."

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..