

RAHSTA Awards 2025
India’s ambitious infrastructure journey is powered not just by mega projects, but by the visionaries, innovators, and organisations who execute them with resilience and ingenuity. At the RAHSTA Awards 2025, held on September 4 in Mumbai as part of the India Construction Festival, these unsung champions of connectivity were honoured for their pioneering contributions to the roads, highways, and transport sectors.RAHSTA—an acronym for Roads and Highways Sustainable Technologies & Advancement—has established itself as a premier platform that celebrates innovation, sustainabil..

Desco Infratech Wins Rs 39.6 Million GAIL Gas Contract
Desco Infratech gained 1.46 per cent to close at Rs 237 after securing a Rs 39.6 million contract from GAIL Gas, a government-owned PSU. The order involves laying underground MDPE pipelines and related works as part of the City Gas Distribution (CGD) project in Bengaluru, Karnataka.The contract is set to be executed over 12 months from commencement, under the terms specified in the letter of award (LOA) issued by GAIL Gas following a domestic competitive tendering process. The company confirmed that there is no involvement of promoters, promoter group, or group companies of GAIL Gas, and the c..

Torrent Power Acquires Stake in Newzone Firms for Rs 2.11 B
Torrent Power Limited has acquired shares in Newzone India Private Limited (NZIPL) and Newzone Power Projects Private Limited (NZPPPL) for a total consideration of Rs 2.11 billion. The company will take 1,195,510 shares of NZIPL, representing 49 per cent equity, and 3,000,000 shares of NZPPPL, equivalent to 100 per cent ownership from the Sarawagi family and related HUFs, making Torrent Power the effective owner of both firms.NZIPL holds around 922 acres of private and government-leased land in Annupur district, Madhya Pradesh, intended for a thermal power project. The acquisition, confirmed t..