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Apurvakriti Wins Contract for Mumbai Metro Line-4 Track Work
This contract's tracks (Package CA-161) will be installed on the 15.77 km northern portion of Line 4 & 4A between Mulund Fire Station and Gaimukh. A tender notice is currently pending for Line-4's southern leg (Wadala - Mulund Fire Station).
The Mumbai Metropolitan Region Development Authority (MMRDA) had invited bids for this contract in January 2023, with an undetermined budget and a two-year installation deadline. In March, technical bids were opened, revealing five bidders.
Financial Bid Values
Brief Scope: Design, Construction, Manufacturing, Supply, Installation, Testing and Commissioning of Ballastless Trackwork in Mainline from Mulund Fire Station Ch. 18929.611 M to Gaimukh Ch. 34702.272 M including Siding Tracks of Gaimukh Station
Jindal Steel & Power Ltd. (JSPL) was deemed the lowest bidder in February for the supply of 9800 MT of head-hardened rails. A re-tender notice for Line-4's 234 coach rolling stock contract, which was terminated by Alstom Transport in early 2022, is still pending.
Mahindra selects ABB’s PixelPaint for premium paint options
ABB’s innovative PixelPaint technology has been selected by Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, for its new electric vehicle paint facility. The technology, which uses an award-winning paint head similar to an inkjet printer, will begin serial production in 2025. “Our revolutionary PixelPaint technology can apply large areas of uniform color as well as the tiniest details with complete accuracy, without delaying the production line or the need for manual intervention,” said Joerg Reger, Managing Director of ABB Robotics Automotive Business Line. “By d..
PJTL Lenders Approve Rs 10.20 billion One-Time Settlement
Lenders to the heavily indebted Panipat Jalandhar NH 1 Tollway (PJTL) have agreed to a one-time settlement for their Rs 34 billion dues. They accepted a Rs 10.20 billion all-cash offer from the promoters, the Canada-based Roadis Group and Hyderabad's Soma Enterprises, resulting in a 30% recovery, according to sources familiar with the deal. The account had been affected by farmers' agitation in the area for several years and was eventually declared a Non-Performing Asset (NPA). Several months ago, the National Asset Reconstruction Company (NARCL) had proposed to take over the debt, but the p..
Capgemini to invest Rs 10 billion in new Chennai facility
Capgemini revealed plans to develop a new facility in Chennai, committing to invest approximately Rs 10 billion over the next three years. The IT and consulting services firm indicated that the 5,000-seat facility in Chennai is expected to be completed by April 2027. The campus will incorporate advanced energy and water-efficient technologies, utilize recycled materials, and implement rainwater harvesting during construction. Capgemini noted that the new facility is intended to become a prime destination for top-tier talent in southern India. It will be equipped with state-of-the-art IT in..
