MNRE directs the release of PBGs within 45 days after project completion

NCLAT Rejects Stay On Asset Freeze Order Against Gensol Group

The National Company Law Appellate Tribunal (NCLAT) on Wednesday refused to stay the National Company Law Tribunal’s (NCLT) order to freeze the assets of Gensol, its promoters, and associated entities.The appellate tribunal directed two Gensol Group companies—BluSmart Premium Feet and Matrix Gas and Renewable—to approach the Ahmedabad bench of the NCLT with their plea. The matter is scheduled for hearing on June 12.The asset freeze order was initially passed by a vacation bench of the NCLT on 28 May, following a petition filed by the Ministry of Corporate Affairs (MCA). The order covered..

Man Industries Secures New Export Order Worth Rs 11.5 Billion

Man Industries (India) Limited has secured a new export order valued at approximately Rs 11.5 billion (1,150 crore), expected to be delivered within the next six to twelve months. This fresh contract highlights the company’s strong position in the international pipes market and reinforces the trust placed in its technological and execution capabilities by global customers.The company’s total unexecuted order book currently stands at around Rs 35 billion (3,500 crore), reflecting a robust business environment and strong demand for its products.The new international order involves the supply..

Welspun Corp Wins Repeat Export Order for Middle East Offshore Project

Welspun Corp Limited has announced the award of a repeat export order to supply 50 kilometres of LSAW (Longitudinal Submerged Arc Welded) pipes and bends, featuring anti-corrosion and CWC (coating with corrosion resistance) coatings for a critical offshore project in the Middle East.This new contract highlights Welspun’s dedication to advanced technology, stringent quality standards, and its proven expertise in meeting sour service requirements. Such credentials have established the company as a preferred and trusted partner for complex projects worldwide.Since the company’s last update on..