Ashoka Bags Rs 5 Billion Rail Electrification Contract

01 Sep 2025 CW Team

Ashoka Buildcon Ltd. has secured a Letter of Acceptance (LoA) worth approximately Rs 5 billion from the North Western Railway, Jaipur, for a major upgrade of the electric traction system in the Jaipur Division. The contract, with a duration of 24 months, involves the design, supply, erection, testing, and commissioning of a 2×25 kV traction system to replace the current 1×25 kV network. The project also includes modifications to the overhead equipment to enable train speeds of up to 160 km/h across specified sections of the division.

In a separate development, Servotech Power Systems Ltd. has been awarded a contract by the North Western Railway for a 7.3 MW on-grid rooftop solar project. Valued at Rs 288.4 million, the project includes the design, manufacturing, supply, installation, testing, and commissioning of solar power systems of varying capacities across multiple sites within the Jaipur Division.

According to an exchange filing, Servotech stated that the solar initiative represents another milestone in its mission to support India’s clean energy transition.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..