

Delhi to Clear Rs 1.4 Billion EV Subsidy Backlog
The Delhi government will soon begin clearing pending electric vehicle (EV) subsidy dues of about Rs 1.4 billion, officials said. Transport Minister Pankaj Singh stated on Monday that the department will verify all subsidy applications to address a backlog accumulated over the past two years. A dedicated portal is also being prepared to facilitate the disbursement.This action follows a High Court order on 3 September directing the Delhi government to immediately release subsidies promised to EV buyers. The court noted that procedural hurdles cannot delay payments and emphasised that the 2020 D..

Concord Secures Rs 194.5 Million Kavach 4.0 Order
Concord Control Systems rose 2.66 per cent to Rs 2,679.90 after its associate arm, Progota India Private Limited, received its first order for the Kavach 4.0 system, valued at Rs 194.5 million, from South Central Railway, Secunderabad.The contract covers the design, development, supply, installation, trial, and commissioning of onboard Kavach equipment for locomotives, as well as trackside Kavach equipment. The project is expected to be completed within 18 months, paving the way for large-scale implementation of advanced railway safety solutions. Upon completion, Concord will be among the few ..

NCC Secures Rs 20.91 Billion Barnar Reservoir Contract
Infrastructure company NCC Ltd on Monday announced it has received a Letter of Acceptance from the Water Resources Department, Bihar, for the construction of the Barnar Reservoir Scheme in Jamui district.The contract, valued at approximately Rs 20.91 billion (excluding GST), includes building the reservoir, dam structures, irrigation channels, and other associated works. The project will be executed over a 30-month construction period, followed by a 60-month defect liability period, the company said in a filing to the stock exchanges.This award follows a series of significant contracts secured..