News of Heavy Engineering in Gujarat

L&T sells its entire stake held in L&T Kobe Machinery for 435 million INR

MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Larsen & Toubro (L&T) Ltd  has entered into a definitive agreement with KOBE STEEL, LTD., a company registered in Japan, on April 2, 2019 for the divestment of its entire stake in L&T Kobelco Machinery Private Limited, a 51:49 joint venture between

L&T Announces a New Strategic Initiative, L&T-Nxt

MUMBAI | RAJKOT – In a press release submitted to the Indian Stock Exchanges on Friday, Larsen & Toubro Ltd announced its a New Strategic Initiative, L&T-Nxt, which will focus on the areas of Artificial Intelligence, IoT (Internet of Things), Virtual Reality, Augmented Reality, Geo-spatial enterprises and Cyber Security. L&T with new arsenal is leap-frogging

L&T Hydrocarbon bags Coke Calciner Project in Oman

MUMBAI | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Larsen & Toubro Ltd said of L&T Hydrocarbon Engineering Awarded a Large Contract (in range of 2,5 billion~2,500 crore rupees to 50 billion~5,000 crore rupees) for Coke Calciner Project in Sohar Industrial Estate, Oman. For more details click the link given

Rane Group Board approves $20 million investment in US subsidiary

CHENNAI | MUMBAI | RAJKOT – Rane (Madras) Ltd’s  board of direclors of the Company at its meeting held on Thursday i.e., March 21, 2019 inter-alia has approved enhancement in investments upto USD $20 million in Rane Precision Die Casting Inc., USA (RPDC), Step Down Subsidiary. For more details click the link given here :

Indian Coast Guard launches ICGS VARUNA at Reliance Naval (Pipavav)

PIPAVAV (AMRELI) – Indian Coast Guard’s trainning vessel ICGS VARUNA was launched today from Reliance Naval and Engineering Ltd’s (RNEL) Shipyard here. The primary role of the vessel is to impact basic sea training to the under trainee officers of Indian Coast Guard along with their Naval counterparts. While on-board on ICGS VARUNA under trainee officers

ABB bags ₹115 cr transformer order from Ind Rly, Vadodara facility will process IR order

BENGALURU | VADODARA (BARODA) | MUMBAI | RAJKOT – In a press release submitted to the Indian Exchanges on Wednesday, ABB India Ltd said of having bagged 1.15 billion (~115 crore) rupee transformers supply order from Indian Railways. ABB will supply traction transformers for most powerful passenger electric locomotives, which shall be manufactured at Vadodara

JMC Projects bags 5.14 billion rupees new orders from AP, Telangana, Odisha

AHMEDABAD | MUMBAI | RAJKOT –  In a press release submitted to the exchanges in India on Tuesday, JMC Projects said of having bagged 5.14 billion (~514 crore) rupees new projects from Andhra Pradesh, Telangana and Odisha. JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of Rs.

Sadbhav Infra’s Q2FY19 (Jul-Sep) unaudited toll revenue up 12.5% yoy

AHMEDABAD | MUMBAI | RAJKOT – In a quarterly business update filing submitted to the Indian Stock Exchanges today, Sadbhav Infrastructure Project Ltd said of having grown toll revenue collection up 12.5% year-on-year at 268.55 billion rupess from 238.63 billion rupees, Jul-Sep quarter (Q2FY19). Toll revenue received from the below 10 operational SPVs (apart from

IDBI knocks NCLT doors for debt recovery from Reliance Naval (Pipavav)

MUMBAI | RAJKOT – In a regulatory filing submitted to the Stock Exchanges in India on Thursday, Reliance Naval & Engineering Ltd said of IDBI Bank Ltd having approached NCLT (National Company Law Tribunal), Ahmedabad, for debt resolution. The Company has been informed that IDBI Bank Limited, a lender of the Company, has filed an application

Despite of reporting a strong topline, Reliance Defence reports net loss of 1.4 bn rupees for Q4 (Jan-Mar) 2016-17

PIPAVAV (RAJULA) | MUMBAI | AHMEDABAD | RAJKOT – Despite strong topline, Reliance Defence and Engineering Ltd reported net loss of 1.4 billion (140 crores) rupees for quarter ended on March 31, 2017 due to significant rise in total expenditure, finance cost and erosion in tax credits.  The company had reported profit of 1.02 billion

Kalpataru Power bags 12 bn rupee EPC project orders from India and Abu Dhabi

GANDHINAGAR | MUMBAI | AHMEDABAD | RAJKOT – Kalpataru Power Transmission Ltd has bagged engineering, planning and construction orders valued at 12 billion (1,200 crore) rupees from power & infrastructure contracting sector for power transmission lines and railways infrastructure from India and Abu Dhabi, the company statement said. Three new orders secured by the company

Workers, Contractors take social media route to recover 1-bn-rupee dues from Reliance Defence

PIPAVAV-RAJULA | RAJKOT – More than 3,000 contractual workers and 200 plus contractors from Rajula-Pipavav (in Amreli District of Gujarat State) have taken a very novel route of social media and digital platform to protest for recovery of 1 billion (90 crore) rupees due from Reliance Defence and Engineering Ltd (formerly Pipavav Defence Engineering Offshore

Sadbhav Infra gets appointed date from NHAI to four-lane Bhavnagar-Talaja and Una-Kodinar sections

NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – National Highway Authority of India (NHAI) has given appointed date to two subsidiary companies – Sadbhav Bhavnagar Highway Pvt Ltd and Sadbhav Una Highway Pvt Ltd, of Sadbhav Infrastructure Project Ltd for construction of four lanning of Bhavnagar-Talaja section comprising of 48.05 kilometers and Una-Kodinar section

GE Shipping gets delivery of secondhand Aframax Crude Carrier ‘Jag Leela’

MUMBAI | AHMEDABAD | RAJKOT – The Great Eastern Shipping Company Ltd has taken the delivery of second-hand Aframax Crude Carrier vessel ‘Jag Leela’ of 105,525 DWT (deadweight tonnage), for which the company had contracted to buy same in November 2016, the company press release said. With inclusion of ‘Jag Leela’ the company’s current fleet

Reliance Defense delivers Panamax Bulk Carrier vessel “Sea Amber” to international shipping company

PIPAVAV-RAJULA (AMRELI) | MUMBAI | AHMEDABAD | RAJKOT – Anil Dhirubhai Ambani Group (ADAG) owned Reliance Defence and Engineering Ltd (formerly Pipavav Defence and Offshore Engineering Company Ltd) has successfully delivered ‘Sea Amber’ Panamax Bulk Carrier vessel to one of the largest international shipping company today, which is one of the largest bulk carrier of

Indo-Russian joint venture inked for South Asia’s First Halogenated Butyl Rubber Unit on West Coast of India investing 12 bn INR

GANDHINAGAR | JAMNAGAR | MUMBAI | AHMEDABAD | RAJKOT – Reliance Industries Limited (RIL) and Russian petrochemical company SIBUR signed MoU (Memorandum of Understanding) on January 11, 2016 – Wednesday, at the recently-concluded Vibrant Gujarat Summit at Gandhinagar to set up South Asia’s first butyl rubber halogenation unit at RIL’s (Reliance Industries Ltd’s) integrated petrochemical