Dalmia Polypro to raise fund to build facility in Maharashtra

Karnataka Alters Clause to Allow Delay in Contractor Payments

The Karnataka government has modified a critical clause in its standard tender documents, allowing departments the option to delay payments to contractors for public works. This move by the Siddaramaiah administration comes amid rising tensions with contractors over unpaid dues amounting to Rs 320 billion (approximately £3 billion).Since April 2007, standard tender documents mandated that government departments pay contractors within 60 days of bill submission. The clause previously read: “The employer (government department) shall pay the contractor within 60 days of the submission of bill..

SEPC Wins Rs 6.5 Billion Solar Project in Maharashtra

SEPC Ltd announced on Wednesday that it has secured a Letter of Award (LoA) valued at Rs 6.5 billion (approximately £62 million) from Parmeshi Urja Ltd for the engineering, procurement, and construction (EPC) of a 133-megawatt (AC) solar power project across Maharashtra.The project will span 26 locations within four districts in the western Indian state and was awarded by Parmeshi Urja, a renewable energy firm headquartered in Kolkata. The LoA was received by SEPC on the evening of 10 June, according to the company’s regulatory filing.Execution timelines will be determined through kick-off ..

India Approves Rs 64 Billion Rail Doubling Projects

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved two key railway multi-tracking projects with a combined estimated cost of Rs 64.05 billion (approximately £610 million). These projects are part of the Indian Railways’ broader push to enhance capacity and efficiency under the PM Gati Shakti National Master Plan.The first project involves doubling the Koderma–Barkakana railway line, covering 133 km through Jharkhand’s major coal-producing region. This route also offers the shortest and most efficient rail connection between Patna and ..