Sona Comstar Enters China EV Market with Strategic JV
Sona BLW Precision Forgings (Sona Comstar), a leading global provider of mobility technology solutions, has signed a binding term sheet with Jinnaite Machinery Co, (JNT) to form a joint venture (JV) in China. The JV will manufacture and supply driveline systems and components to automotive OEMs in China and global markets.Under the agreement, Sona Comstar will invest $12 million, while JNT will contribute $8 million worth of assets and business in the first phase. The JV is slated to begin operations in the second half of the current financial year.This marks a significant step in Sona Comstar..
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..
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