Milestone Man
ECONOMY & POLICY

Milestone Man

Jayanta Basu, MD, ITD Cementation India, heads the company which in a joint venture with Transrail Lighting, achieved a major milestone by bagging a contract for the design, supply, installation, testing ...

Jayanta Basu, MD, ITD Cementation India, heads the company which in a joint venture with Transrail Lighting, achieved a major milestone by bagging a contract for the design, supply, installation, testing and commissioning of the Jamuna River crossing portion of the Bogura-Kaliakair 400 kV double circuit transmission line on a turnkey basis from Power Grid Company of Bangladesh (PGCB). The contract is valued at US$205 million or around `17 billion. ITD Cementation undertakes infrastructure and engineering, procurement, and construction (EPC) business. It is operating in India with a presence in maritime structures, mass rapid transit systems, airports, hydroelectric power, tunnels, dams and highways among others

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Products

SOMANY unveils flagship Atelier showroom in New Delhi

SOMANY Ceramics has inaugurated its new flagship Atelier showroom in Rajouri Garden, New Delhi. Spread across 5,500 sq ft, the immersive showroom is aimed at architects, designers, and customers seeking cutting-edge tile and bathware solutions.The experience centre features SOMANY’s high-end collections including the Coverstone large-format slabs, Regalia finishes, and the Italian-inspired Italmarmi range. It also showcases the French Collection-Bathware with matte-finish fittings, as well as new tile lines like Colorato, Porto, and Sedimento. A dedicated EZY Fix zone offers end-to-end solut..

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Resources

Nestlé India goes digital and green with new Bhiwandi DC

Nestlé India has inaugurated a fully automated, paperless Distribution Center (DC) in Bhiwandi, Maharashtra, reinforcing its commitment to sustainability and digital transformation. The centre is the company’s first to feature a Digital Twin, enabling warehouse simulation and predictive planning.Built in just seven months, the facility houses 20,000 pallet positions and the country’s largest cold room for chocolate storage. It also features India’s first shuttle racking system, improving space efficiency and throughput. Other innovations include AI-enabled CCTV, a digital rack inspectio..

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Technology

Simple Energy eyes Rs 30 billion IPO in FY27

Simple Energy is planning an Initial Public Offering in Q2–Q3 FY27 to raise Rs 30 billion (USD 350 million) as it focuses on profitability and manufacturing expansion. The clean-tech startup aims to achieve $96 million (Rs 800 crore) in revenue in FY26 and cross $180 million (Rs 1,500 crore) in cumulative revenue over the next 18 months.Founded in 2019, the company has recorded 500 per cent year-on-year growth and achieved gross margin breakeven within two years of commercial operations. It is targeting EBITDA positivity by FY26 and net profitability ahead of the IPO.Proceeds from the IPO wi..

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