Homebuyers recover Rs.1 billion from legal disputes with developers

IRCON Wins Rs 1.87 Bn Rural Industrial Park Contract in Kerala

IRCON International Limited, a state-owned engineering and construction firm, has secured a contract worth Rs 1.87 Bn from Kerala State IT Infrastructure Limited (KSITIL) for building a dedicated rural industrial park in Thiruvananthapuram district. The value excludes goods and services tax.According to the company's regulatory filing, the project will be executed as a works contract on an item-rate basis and is scheduled for completion within 30 months. The scope includes infrastructure development and civil works to promote rural industrialisation in the region.This win adds to a series of p..

DRDO, Indian Navy Validate New Multi-Influence Ground Mine

The Defence Research and Development Organisation (DRDO) and the Indian Navy have successfully conducted combat firing, using reduced explosives, of the indigenously developed Multi-Influence Ground Mine (MIGM). This advanced underwater mine has been designed by the Naval Science and Technological Laboratory, Visakhapatnam, in collaboration with other DRDO laboratories in Pune and Chandigarh.MIGM is engineered to strengthen the Indian Navy’s undersea warfare capabilities by countering modern stealth ships and submarines. It marks a key advancement in indigenous defence manufacturing and unde..

Patel Engineering Bags Rs 13.19 Bn Dam Project from CIDCO

Patel Engineering has secured a contract worth Rs 13.19 Bn for the construction of the Kondhane Dam and its associated works from the City and Industrial Development Corporation (CIDCO). Following the announcement, the company’s share price rose 1.67 per cent to Rs 43.73.The project, located in Kondhane village, Karjat Taluka, Raigad district in Maharashtra, is scheduled to be completed within 42 months. Patel Engineering had previously been declared the lowest bidder (L1) for this project.The contract includes civil works for a 1,209-metre-long and 83-metre-high dam, hydro-mechanical and el..