RPP Infra Projects Wins Rs 38.32 Cr Contract for SIPCOT Project

Key Takeaways from RPP Infra Project Win: 

• RPP Infra Projects has won a Rs 38.32 crore contract for a SIPCOT project in Tamil Nadu.
• The project involves developing internal roads, RCC side drains, culverts, and street lights at the Mega Leather Park in Panapakkam, Ranipet District.
• The project is set to be completed within 11 months from the handover of the site.
• RPP Infra must submit a security deposit and sign the agreement before commencing construction.

The project contains the development of internal roads, construction of RCC side drains, culverts, and installation of street lights at the Mega Leather Park in Panapakkam, Ranipet District, Tamil Nadu. 

The project is expected to be completed within 11 months. As per the contract, RPP Infra will be required to submit a security deposit and sign the agreement before starting work. 

The company will commence construction after the site is handed over. This contract further strengthens RPP Infra's position in the infrastructure development sector.

About RPP Infra Projects Limited:

RPP Infra Projects Limited, established in 1988 and incorporated as a private limited company in 1995, is a leading infrastructure development company. Founded by RP Arulsundaram, a first-generation entrepreneur, the company has successfully executed over 150 projects across Tamil Nadu, Karnataka, and Andhra Pradesh. Specialising in roads, buildings, industrial structures, power, irrigation, and pipelines, RPP Infra is committed to delivering high-quality, eco-friendly solutions within budget and timelines. The company has earned a strong reputation for its innovation, cost management, and adherence to BIS standards. Prominent clients include BHEL, MRPL, Chemplast, Thermax, and Siemens.

Key Takeaways from Phoenix Mills Incorporation:

• Phoenix Mills has approved the incorporation of a new wholly owned subsidiary named Sparkle Three Mall Developers 
• The subsidiary will focus on real estate activities, in line with Phoenix Mills' expansion strategy.
• Phoenix Mills will subscribe to the entire paid-up share capital of the subsidiary, amounting to Rs 5 lakhs.
• This strategic move supports Phoenix Mills' growth plans in the real estate sector.

The subsidiary will focus on real estate activities, as part of the company’s expansion strategy. Phoenix Mills will subscribe to the entire paid-up share capital of Sparkle Three, amounting to Rs 5 lakhs. 

The subsidiary, once incorporated, will be fully owned by Phoenix Mills and will contribute to the company’s growth in the real estate sector.

This move aligns with the company’s future growth plans in the real estate industry.

About Phoenix Mills Limited:

The Phoenix Mills Limited is a leading real estate developer in India, specialising in mixed-use developments that include retail malls, entertainment complexes, commercial spaces, and hospitality units. With a presence in key cities such as Mumbai, Bengaluru, Chennai, and Pune, the company is involved in all aspects of real estate – from planning and execution to marketing and management. Phoenix Mills aims to create world-class, difficult-to-replicate assets that drive exceptional value and create superior business environments for retailers and partners. The company is committed to delivering quality, sustainable developments that enhance shareholder value and contribute to the growth of India's real estate sector.

Key Takeaways from Expleo’s Arm Incorporation:

• The company has confirmed the incorporation of a wholly owned subsidiary in Saudi Arabia.
• The new subsidiary will provide Information Technology-enabled services to meet the demands of clients in the region.
• Expleo Solutions will hold 100% of the share capital in the new subsidiary, which will operate independently.
• The move aligns with Expleo's strategy to strengthen its global presence and expand its service offerings.

The new subsidiary will focus on providing Information Technology (IT) enabled services, catering to the needs of clients in the region. This move is in line with Expleo’s strategy to expand its global presence and enhance its service offerings.

The company has confirmed that Expleo Solutions Ltd. will hold 100% of the share capital in the new subsidiary. The subsidiary is expected to operate independently with a focus on IT services, and all transactions with it will be conducted on an arm's length basis.

About Expleo Solutions Limited:

Expleo Solutions Limited, part of the global Expleo Group, is a leading provider of engineering, technology, and consulting services. With over 30 years of experience, Expleo partners with organisations worldwide to drive business transformation, enhance operational excellence, and future-proof operations. The company is ISO certified and operates in multiple countries, including India, the USA, UK, UAE, and Singapore. Expleo supports clients across industries with services in digital transformation, product engineering, quality assurance, and innovation management. Its deep sector expertise and global delivery centres help businesses accelerate their digital initiatives and achieve long-term success.

Key Takeaways from the Announcement

• HCLTech and ServiceNow have launched an AI & Cloud Native Lab in Noida, adding to HCLTech’s global AI Lab network.  
• Labs will help clients leverage GenAI and agentic AI for enterprise service management and industry-specific solutions.  
• The initiative reflects the companies' 12-year collaboration to advance AI capabilities for businesses.  

The new AI Lab builds on the 12-year partnership between HCLTech and ServiceNow, focusing on leveraging GenAI and agentic AI to drive efficiencies in enterprise service management (ESM) and vertical-specific applications. Clients can explore proprietary assets, including HCLTech’s AI Force and Enterprise AI Foundry, along with accelerators like ValueNow for GenAI readiness, ComplyNow for security assessments, and AchieveNow for optimising AI outcomes.  

Jagadeshwar Gattu, President of Digital Foundation Services at HCLTech, remarked, “This collaboration reflects our commitment to helping clients adopt and scale AI capabilities early, unlocking efficiencies and driving business transformation.” Michael Park, SVP and Global Head of AI GTM at ServiceNow, added, “Our expanded partnership will accelerate AI adoption in India and the UK, empowering customers to maximise productivity and profitability.”  

Commenting on the announcement, Michael Park, SVP and Global Head of AI GTM at ServiceNow, said “Our expanded partnership with HCLTech will help us to accelerate AI adoption for more customers in the UK and India,” “These Labs will help empower customers to take control of their AI investments and unlock new levels of productivity and profitability across the enterprise.” 

About HCLTech  

HCLTech is a leading global technology company with over 218,000 employees across 60 countries, delivering cutting-edge digital, engineering, cloud, and AI solutions. With consolidated revenues of $13.7 billion for the 12 months ending September 2024, HCLTech serves clients across industries including financial services, healthcare, manufacturing, telecom, retail, and public services.