by Hansraj Agrawal | Mar 14, 2026 | Share Market
JSW Steel announced its coking coal mining project, Minas de Revubo(MdR), located in the Moatize coal basin, Tete Province, Mozambique.
The MdR project, located in the Moatize coal basin of the Tete Province, Mozambique, grants JSW Steel access to substantial reserves of premium hard coking coal which is a key raw material in steelmaking.
MdR has 850 mt of reserves, and the potential to yield 250 mt of usable coking coal. JSW Steel will develop the mine in phases, with the first phase expected to be developed over the next 2.5 years to produce 2.4 mtpa prime hard coking coal. MdR is located approximately 10 km north of Tete city, 450 km north of Beira Port, and 900 km south-west of Nacala Port – a logistical advantage that positions it as one of the most favourably situated coking coal assets globally for supply to Indian steel plants.
This project represents a transformative step in JSW Steel’s backward integration strategy and is expected to provide long-term supply assurance for one of the most critical and cost-intensive inputs in steel manufacturing. India’s domestic premium coking coal resources remain limited, making captive overseas sourcing a strategic imperative. Through the MdR project, JSW Steel is expecting to mitigate exposure to coking coal price volatility and optimise its cost structure over the long term.
Parth Jindal, JSW Group said, JSW Steel is pleased to announce the Minas de Revuboproject in Mozambique. This project marks a pivotal milestone in securing premium hard coking coal reserves in Africa, strategically positioned close to India for cost optimization. As we grow to 50 mtpa steel capacity in India by 2030, we hope that this asset will provide strategic and diversified raw material security and cushion JSW Steel against volatile global coking coal prices, while fueling our sustainable growth vision.
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by Hansraj Agrawal | Mar 14, 2026 | Share Market
Last Updated : Mar 14 2026 | 12:50 PM IST
Bikaji Foods International has made additional subscription of 10,52,630 equity shares amounting to Rs 40 crore in its wholly owned subsidiary, Bikaji Foods Retail (BFRL). Being a wholly owned subsidiary, there is no change in the shareholding percentage of the company in the BFRL, pursuant to this subscription.
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First Published: Mar 14 2026 | 12:50 PM IST
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by Hansraj Agrawal | Mar 14, 2026 | Share Market
Last Updated : Mar 14 2026 | 12:31 PM IST
RailTel Corporation of India said it has received two domestic orders worth about Rs 64.2 crore.
The first order, valued at around Rs 34.29 crore, has been awarded by South Central Railway through Dy. CSTE/Projects/BZA for signalling and telecom arrangements related to yard remodelling at Guntur Junction and implementation of an Automatic Block Signalling system between the GunturNallapadu section in the Guntur division.
The project is scheduled to be completed by September 4, 2027.
In a separate contract, the company has received an order worth about Rs 29.9 crore (including tax) from the Uttar Pradesh Police Recruitment and Promotion Board to provide security-related ancillary services during recruitment examinations.
The contract is to be executed by March 13, 2028.
RailTel said the orders were awarded by domestic entities and fall within the ordinary course of business. The company also clarified that neither the promoter nor promoter group entities have any interest in the awarding entities and the contracts do not fall under related party transactions.
RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The companys standalone net profit declined 4.07% to Rs 62.40 crore in Q3 FY26, compared with Rs 65.05 crore in Q3 FY25. However, revenue from operations rose 18.99% YoY to Rs 913.45 crore in Q3 FY26.
Shares of RailTel Corporation of India fell 3.17% to end at Rs 277.90 on the BSE.
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First Published: Mar 14 2026 | 12:31 PM IST
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by Hansraj Agrawal | Mar 14, 2026 | Share Market
Last Updated : Mar 14 2026 | 12:31 PM IST
RailTel Corporation of India has received a letter of acceptance for a railways project worth Rs 34.29 crore for Signaling & Telecom arrangements in connection with yard remodeling of Guntur Junction and Automatic Block Signaling System between GNT-NLPD Section in
Guntur Division of South Central Railway.
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First Published: Mar 14 2026 | 12:31 PM IST
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by Hansraj Agrawal | Mar 14, 2026 | Share Market
Bajel Projects said it has secured an order worth over Rs 700 crore from Maharashtra State Electricity Transmission Company (MSETCL) for setting up a 400/220 kV AIS substation at Saswad in Pune district along with associated transmission lines.
The order will be placed by MSETCL on behalf of its special purpose vehicle, Saswad Transmission.
The scope of the project includes construction of a 400/220 kV AIS substation and development of 400 kV and 220 kV transmission lines linked to the facility.
The engineering, procurement and construction (EPC) contract is to be executed within 23 months from the date of issuance of the notification of award, the company said in a regulatory filing.
The company also clarified that neither the promoter nor promoter group entities have any interest in the awarding entity and the order does not fall under related party transactions.
Rajesh Ganesh, managing director (MD) & CEO, Bajel Projects, said, “Securing this 700 crores ultra-mega order from MSETCL is a milestone for Bajel Projects and a strong validation of our EPC capabilities in the high-voltage substation segment. A 400/220 kV substation of this scale in the Pune district is critical infrastructure that will strengthen Maharashtra’s transmission network and support the region’s growing industrial and urban power demand. This order reinforces our RAASTA 2030 strategy of expanding into high-value, high-complexity projects and deepens our partnership with one of India’s most important state transmission utilities. Our team is fully committed to delivering this project with the highest standards of quality and safety.”
Bajel Projects (BPL) is a leading company in the business of power infrastructure, with a strong presence in the power transmission and power distribution sectors. BPL was formerly part of Bajaj Electricals under the EPC segment.
Bajel Projects reported a consolidated net loss of Rs 0.42 crore in Q3 FY26, compared with a net profit of Rs 1.46 crore posted in Q3 FY25. Revenue from operations declined 9.64% year-on-year to Rs 562.34 crore in the quarter ended 31 December 2025.
Shares of Bajel Projects declined 3.68% to end at Rs 139.95 on the BSE.
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by Hansraj Agrawal | Mar 14, 2026 | Share Market
Last Updated : Mar 14 2026 | 11:04 AM IST
ITCONS E-Solutions announced that it has secured a new contract from the Aeronautical Development Agency (ADA) under the Department of Defence Research and Development, Ministry of Defence.
The contract involves the deployment of 70 resources to provide manpower outsourcing services. The total contract value stands at about Rs 2.81 crore, inclusive of all taxes and duties.
According to the company, the contract will commence on 4 April 2026 and will remain valid until 3 April 2027, unless extended further by mutual agreement between the parties.
ITCONS E-Solutions said the contract reflects continued engagement with government agencies.
ITCONS E-Solutions is engaged in the business of recruitment and staffing services.
On a standalone basis, the company’s net profit advanced 115.50% to Rs 2.78 crore on 129.13% surge in net sales to Rs 40.19 crore in H1FY26 over H1FY25.
Shares of ITCONS E-Solutions rose 0.33% to Rs 274.40 on 13 March 2026.
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First Published: Mar 14 2026 | 11:04 AM IST
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