Contract

Water & Effluent Treatment order of Rs.1,255 crore The construction arm of Larsen & Toubro has won orders worth Rs.2,275 Crore across various business segments. It has secured an Engineering, Procurement and Construction (EPC) contract from Bangalore Development Authority for...

Contracts comes with incentives and penalty   Ministry of Railways is adopting Engineering, Procurement & Construction (EPC) tendering system with structure of incentive and penalty to electrify 38,000-km route network over five years to 2022. The Indian Railways have prepared...

Three-year fleet maintain and service deal   Air India’s regional carrier Alliance Air has signed a three-year agreement with Pratt & Whitney Canada (P&WC) to deliver fleet maintenance services and support for PW127M engines. “We continue to deliver highly flexible...

Rs.100 crore sanctioned for solar projects Source: Azure Power.   The Ministry of New and Renewable Energy has approved/sanctioned 60 Cities including 13 Pilot and 5 Model Cities up to 12th Five-year Plan period. More than Rs.100 crore funds sanctioned...

Mazagon launches submarine The Indian Armed Forces have signed 68 contracts worth Rs.1,24,291.33 crore with foreign vendors for capital procurement of defence equipment over the last three years. The Forces have also signed 119 contracts worth Rs.1,16,522.89 crore have been...

Govt tightens layers of accountability Jaitley. Finance and Corporate Affairs Minister, Arun Jaitley, has stressed on the importance of procedural fairness in public procurement and award of contracts. This can be ensured through transparency and fairness that enable a State...

Experts note PPP model on building highways Indian authorities need to modify its Public Private Partnership (PPP) model, ensuring transparency in contractual terms and long-term dividends from contracts for investors to venture into other projects. Investors need clarity and consistency...

Tender valid up to 10 Oct. 2017   The Andhra Pradesh Capital Region Development Authority (APCRDA) has requested for proposals (RFP) for the development of five-, four and three-stat hotels in Amaravati city which is being developed in phases as...

25-year supply of clean and green energy Azure plant. Azure Power (NYSE: AZRE) has won a 260 MW solar project in an auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL). The 260 MW allocation is the largest allocation by...

Project completion deadlines set for 2021-22 Rail approaches Barabanki station. The Cabinet Committee on Economic Affairs has approved two rail projects on 12 September 2017, increasing traffic capacities on two main routes. The first project approved is to doubling of...