EMS Ltd. Wins ₹681 Cr. Contract for Pollution Abatement in Kolkata
20 Sept, 02:57 AM (GMT+5:30)
1 Min
Summary
EMS Limited, on Thursday, September 19, announced that it has secured a contract for pollution abatement from the Kolkata Municipal Corporation.
Key Takeaways from the Contract Win
- EMS Limited has secured a ₹681.49 crore contract for pollution abatement and rejuvenation of River Adi Ganga in Kolkata.
- The project, awarded by Kolkata Municipal Corporation, will include a 36-month timeline for design, build, testing, and commissioning.
- EMS Limited holds a 74% share in the project, with the remaining 26% held by its JV partner.
The contract involves pollution abatement work for the rejuvenation of the River Adi Ganga in Kolkata, West Bengal.
In the filing to the stock exchange, it stated that the project will be delivered in 36 months and will have a 3-month trial period, before a 15-year O&M (operations and maintenance) schedule.
EMS Limited retains a 74% share in the project, while the balance will be held by a JV partner.
About EMS Limited
Founded in 1998, EMS Limited is based in Delhi and operates as an EPC company, providing complete solutions to water and wastewater management needs. We offer and provide end-to-end services through engineering, design, construction, offerings, installation and fixed water treatment, wastewater treatment, and solid waste treatment.
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Tara Chand Infra Bags New Contracts in Multiple Sectors
- 23 Sept, 09:12 PM (GMT+5:30)
- 2 Min
Summary
Tara Chand InfraLogistic Solutions Limited announced on Friday, September 20, that it has secured contracts for crane deployment across several major industries. These new contracts cover capacity expansion and new construction projects in the Cement, Steel, Thermal Power, and Renewable Energy sectors in states including Gujarat, Karnataka, Madhya Pradesh, and Jharkhand.
Key Takeaways from the Contract Win
- Tara Chand Infra has won new contracts to provide cranes with capacities ranging from 150 MT to 500 MT for projects in the cement, steel, thermal power, and renewable energy sectors.
- The projects will be carried out in Gujarat, Karnataka, Madhya Pradesh, and Jharkhand with contracts ranging from 6 to 12 months, extendable based on site needs.
- The total order value is ₹1,159.60 lakhs, to be executed in FY 2024-25.
Under these contracts, Tara Chand will supply cranes with lifting capacities between 150 MT and 500 MT for project durations that will range from six to twelve months, with potential extensions based on site requirements if needed. The total value of these contracts is ₹1,159.60 lakhs, to be executed in FY2024-25.
As stated in a stock exchange filing, the new contracts, with order values broken down by sector, are at ₹473.20 lakhs in the cement sector, ₹153.00 lakhs in the steel sector, ₹239.40 lakhs in thermal power, and ₹294.00 lakhs in renewable energy.
These orders fall under Segment A of the company, which is construction equipment rental, and which posted a Q1FY25 EBITDA of 51%.
About Tara Chand InfraLogistic Solutions Limited
Tara Chand Infralogistic Solutions Limited is a provider of cargo handling and logistics services, founded in 2012. It is an IBA-approved carrier, and they have an IATA certification for handling air cargo logistics. Tara Chand Infralogistic Solutions Ltd. encompasses three business verticals, including warehousing and multi-modal transportation, construction equipment rentals, and turnkey infrastructure project execution. These distinct services offer the company a diverse set of industries to operate in providing logistics and project overall solutions.
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Casper Realty Wins Bid for Prime Plots in Mohali
- 23 Sept, 09:09 PM (GMT+5:30)
- 3 Min
Summary
Phoenix Mills Limited’s wholly-owned subsidiary, Casper Realty Private Limited has won two precious pieces of land in Mohali, Punjab. These plots together in Sector 62, near YPS Chowk, cover around 13.14 acres and were auctioned by the Greater Mohali Development Authority, GMADA.
Key Takeaways from Casper Realty Bid Win
- The subsidiary of The Phoenix Mills Limited, Casper Realty Private Limited has won the auction hands down with two plots of land in Punjab's Mohali which spreads across an area of approximately 13.14 acres.
- The plots were up for auction by the Greater Mohali Development Authority (GMADA) and Casper Realty collectively bid for roughly Rs. 891 crores for them.
- Casper Realty will pay the total amount as and when demanded by GMADA.
- The plots are to be developed as a high street retail space along with a mixed-use project on the newly acquired land, which is at present handed over for commercial purposes only.
Casper Realty won the auction with a combined bid of approximately Rs. 891 crores. The company will pay the full amount by the deadline for payment prescribed by GMADA. Both these plots are allotted for commercial purposes, and the Casper group intends to develop a high street retail with some mixed-use projects on this land.
“We remain optimistic about our future mall launches and we continue to execute our previously stated strategy of retail-led mixed-use portfolio expansion in market-leading destinations in cities of India, which present the opportunity for us to create such mega consumption hubs”, Shishir Shrivastava, Managing Director at The Phoenix Mills Limited said.
The plots are located in an excellent connectivity area, between Chandigarh and Sahibzada Ajit Singh Nagar (Mohali). This area will meet the growing demand for more retail and entertainment-related spaces in the Chandigarh Metropolitan Region, including the Chandigarh city and surrounding cities of Panchkula, Mohali, and Zirakpur. Being situated at the crossroads of Punjab, Haryana, and Delhi, the CMR region has provided an ideal location for real estate growth.
About Phoenix Mills Limited
Phoenix Mills Limited (PML) is the leading owner, operator, and developer of retail-led mixed-use destinations across developments in retail, hospitality, commercial offices, and residential asset classes. It has an operating retail portfolio of over 11 million square feet across eight key cities in India and is currently developing approximately 4 million square feet of retail space through three new malls as well as densifying its existing destinations. It also includes Grade A offices, which have operational space of more than 2 million sq. ft and over 5 million sq. ft under development. PML has successfully executed three landmark residential projects across the country and presently has one project in Kolkata. The company owns and operates two hotels: The St. Regis in Mumbai and Courtyard by Marriott in Agra and plans to develop a Grand Hyatt hotel in Whitefield, Bengaluru. PML diversified into food and beverage, which operates 39 outlets across its malls with 10 diversified offerings.
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Archies Infuses Festive Gifting with Premium Collaborations
- 20 Sept, 10:16 PM (GMT+5:30)
- 3 Min
Summary
The iconic gifting brand, Archies, on Thursday, September 19, announced a prestigious series of strategic partnerships with premium brands ahead of the festive season. The company partnered with names like Ajmal & Sons, Cadbury, Ferrero Rocher, and Casa Decor to unveil specially curated gifting lines tailored to meet the seasonal demand.
Key Takeaways from Archies Collaborations
- Archies has collaborated with premium brands like Ajmal & Sons, Cadbury, Ferrero Rocher, and Casa Decor.
- In this partnership, it is planned to launch bespoke gifting collections that cater to the seasonal demand and give choices to their customers.
- Items include luxurious perfumes and gourmet chocolates, stylish home decor items, and unique stationery items catering to many tastes and budgets.
- The campaign brings across hassle-free refined gifting by setting Archies as the first point of choice for festive gifting.
- It is represented with a collection by varieties of brands such as Bel Avenir and Mcaffeine; it promises a wide variety of thoughtful gift options for the customer to ponder over.
The collaboration is to deliver a hassle-free and wide-range gifting experience to customers with exclusive luxury fragrances, gourmet chocolates, stylish home décor, and unique stationery items. It underlines the fact that Archies are engaged in this pursuit of refinement while catering to a variety of tastes and budgets.
“By partnering with some of the best brands in the market, we are positioning Archies as the ultimate destination for festive gifting this season. Our collection is designed to bring joy to every occasion, offering customers premium options that align with the celebratory spirit,” Varun Moolchandani, Executive Director of Archies Limited said.
This portfolio will contain a variety of products including luxury perfumes by Ajmal & Sons, gourmet chocolates from Cadbury, Ferrero Rocher, and Hershey's and even home decor ware manufactured in the beautiful designs of Casa Decor. Other brands associated with Archies include Bel Avenir and Mcaffeine, which bring more variety in the range, so one can buy some great gifts for their loved ones.
About Archies Limited:
Archies is a brand in the gifting industry for decades and has proven very successful in offering innovative and heartfelt solutions for gifting. It has been that brand making numerous efforts to spread love and bliss through its wide range of offerings, thus becoming a sought-after destination for all those customers looking out for gifts. Archies not only strives to stay professional by maintaining quality and creativity but also reflects the spirit of personal relationships into its products, ensuring that each gift says a little bit of what the giver and the recipient feel. With constant product additions and trending changes, Archies manages to keep its respectability as well as its position as the most beloved choice for gifting on special occasions.
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