GM India inaugurates LNG facility at Halol

General Motors India (GMI) inaugurated a liquefied natural gas (LNG) facility at its factory premises at Halol in Gujarat for supply of gas to its car manufacturing plant.

The company has also signed an agreement with Bharat Petroleum Corp Ltd and INOX India Ltd for the supply, re-gasification and final delivery of LNG at its plant in Halol. No financial details were provided.

Under the agreement, Bharat Petroleum will supply the gas and INOX will render cargo handling services including loading and transportation of LNG from Dahej Terminal of Petronet LNG Ltd to General Motors India's site. INOX will also carry out unloading of gas into storage tanks, re-gasification and final delivery of LNG to the plant. 

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PBA Infra wins order worth Rs252 crore from GVK Deoli Kota Expressway

PBA Infrastructure Ltd said it won an order worth Rs252 crore from GVK Deoli Kota Expressway Pvt Ltd.

The scope of work includes construction-related works on Bundi-Kota Section of National Highway 12 on Kota Bypass in Rajasthan, the company said in a regulatory filing.

On Thursday, PBA Infra shares gained 4% to Rs85 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.4% to 19,861 points.

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CRISIL to buy Pipal Research for $12.75 million

Ratings agency CRISIL Ltd said its unit bought Pipal Research Corpo, a knowledge process outsourcing (KPO) services provider for $12.75 million.
CRISIL's, KPO division, Irevna provides high-end research and analytical services to investment banks, insurance companies, asset management firms and other financial institutions. Irevna provides its services from Chennai, Mumbai, Buenos Aires, and Wroclaw (Poland), and is shortly setting up a research centre in China.

The Irevna-Pipal combination will be uniquely positioned in the high-end analytical off shoring space with the widest range of services, geographic locations and customer diversity. Pipal's services, clients and delivery locations are complementary to Irevna's, enabling the combine to strengthen its leadership in the KPO industry, said CRISIL in a press release. 

On Thursday, CRISIL shares ended 0.3% up at Rs6,150 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.4% to 19,861 points.

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