ED links assets worth Rs 81 cr against Unitech Group in PLMA case

Patel Engineering Wins Rs 2.39 Bn Hydro Project from NHPC

Patel Engineering (PEL) has secured a contract worth Rs 2.39 billion (inclusive of taxes) from NHPC for civil and hydro-mechanical works under Package 6 of the Teesta-V Power Station in Sikkim.The scope involves modification of the diversion tunnel into a tunnel spillway arrangement. Key works include the construction of the tunnel spillway, gate operation chamber and shaft, precast bridge, access road, energy dissipation structures, dyke, environmental flow tunnel, and other associated infrastructure.Located in the South District of Sikkim, the project is slated for completion within 18 month..

Vikas Ecotech bags Rs 28 mn fire retardant order from Polycab

Vikas Ecotech has secured a repeat order from Polycab India for the supply of 400 metric tonne of Aluminium Trihydrate (ATH), a fire retardant material, valued at approximately Rs 28 million. The delivery is scheduled for execution within Q2 of FY 2025–26 and will be completed over a three-month period.This repeat order reflects Polycab’s continued trust in Vikas Ecotech’s product quality, technical reliability, and its commitment to delivering sustainable, safety-enhancing specialty materials for critical wire and cable applications.The demand for fire retardant materials such as ATH is..

Jio and Allianz to Launch Reinsurance Joint Venture

Jio Financial Services (JFSL) and Allianz Group, through its wholly owned subsidiary Allianz Europe B.V., have entered into a binding agreement to form a 50:50 joint venture in the domestic reinsurance sector. The new entity aims to cater to India’s growing and evolving insurance market.The partnership will combine JFSL’s strong digital infrastructure and local market expertise with Allianz’s global reinsurance capabilities and underwriting proficiency. The joint venture will draw upon Allianz’s existing presence in India through Allianz Re and Allianz Commercial, as well as its global..