RailTel Corporation of India has received the Letter of Intent (LoI) from Divisional Commissioner, Konkan Division for Selection of System Integrator for Development and Maintenance of Integrated IT solution for Monitoring of Minor Minerals for 5 years. The estimated size of order as per LoI is Rs 100 crore (Excluding Tax).

GHV Infra Projects has entered into a Construction Contract with APCO Infratech for execution of road construction work and other miscellaneous civil works in the state of Maharashtra. The consideration as per construction contract is Rs 815 crore excluding taxes. The construction period shall be 30 months.

Quadrant Future Tek has received a Letter of Acceptance for order from Patiala Locomotive Works (PLW) for Supply, Installation, Testing and Commissioning of Onboard KAVACH Loco Equipment Ver- 4.0 with Warranty. The value of the contract is worth Rs 20.19 crore.  

Suraj Estate Developers has acquired a piece and parcel of land for an acquisition cost of Rs 8.53 crore plus an area of 2,200 sq ft to be handed over to land owners thus leading to total acquisition cost of around Rs 18 crore (on the basis of acquisition cost plus stamp duty market value of area to be handed over to land owners plus stamp duty cost). The said plot is situated at G/North ward, Dadar (West), which is one of Mumbai’s established micro-markets characterized by strong demand fundamentals, excellent connectivity, and proximity to key commercial districts such as Lower Parel, Worli and Bandra Kurla Complex. 

Shalibhadra Finance has successfully raised Rs 19.50 crore through the issuance of Non-Convertible Debentures (NCDs). The NCDs carry a coupon rate of 12% per annum and have a tenure of 24 months. The structure includes monthly interest payments, ensuring regular cash flows to investors, along with principal repayment scheduled on a six-monthly basis. 

Rose Merc has taken a decisive step into India’s fast-growing fintech landscape with a strategic investment in Virtual Gain Technologies, the company behind the digital platform Pezon.in. Through a binding agreement, Rose Merc will acquire a 30.01% stake in the company for Rs 1 crore, marking the beginning of a new growth chapter in digital finance.

Container Corporation of India has awarded contract worth Rs 175.36 crore (excluding GST) to M/s Braithwaite & Co for manufacture & supply of 9 nos BLSS (Spine Car) rakes on turnkey basis. The supplies are to be completed up to February 28, 2027, at a minimum of 2 rakes per month.