India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
In the country of Rwanda in central Africa, a joint venture (JV) between the state-owned RVNL and the private steel manufacturer Salasar Techno Engineering has been awarded a transmission project valued at about ₹60 crore. Salasar Techno Engineering Limited (STEL) mentioned in a statement that the order has been obtained from Energy Development Corporation Limited (EDCL) and will be carried out in 18 months.
The Rwanda Transmission System Reinforcement and Last Mile Connectivity project (TSRLMC) worth $7.152 million equivalent to ₹596.21 million (₹59.6 crore) is for plant design, supply and installation of 45.8 km, 110 KV double circuit Rukarara-Huye-Gisagara transmission lines, it said.
Earlier this month, the JV bagged a transmission project worth around ₹174 crore from the Madhya Pradesh government. While Rail Vikas Nigam Ltd (RVNL) holds a 51% stake in the joint venture, STEL owns the remaining 49%. RVNL, under the Ministry of Railways, is involved in development, financing and implementation of rail infrastructure related projects. STEL is a steel structural manufacturer which provides services across telecom, energy and railways sectors.
Also Read : NMDC hopes to get benefit from rising pellet exports to China Adani Ports and Abu Dhabi Ports team up to buy Tanzania International Container Terminal Services
Nippon Steel to send more engineers to US Steel Nippon Steel Corp. will send more engineers to Unit...
USA 30-Aug-2025
As more and larger vehicles are selling at an explosive rate, India's consumption of petrol has more...
Oil & Gas 10-Apr-2024
Tata Steel shares climbed over 3% in early trade after reports that the European Union (EU) plans to...
Construction 09-Oct-2025
J Kumar Infraprojects has received approval from the bankruptcy court to acquire Pranav Construction...
Mid Corporate 30-Jan-2024
· Despite CM’s directive, BSPL project preparation continues in Koppal, sparking...
Business 06-Mar-2025
Europe acquired 3.3 million tonnes (MT) of Indian steel exports in FY24, rising 65% year over year a...
Ferrous 02-May-2024