Omaxe unit wins contract worth Rs70.4 crore from GMADA

Realty firm Omaxe Ltd said its subsidiary won Rs70.4 crore infrastructure project from Greater Mohali Area Development Authority (GMADA) for highway and bridge construction.

Omaxe Infrastructure & Construction Ltd (OICL), the unit of Omaxe got its first contract to construct highway and three high-level bridges in Punjab from GMADA, the company said in a statement. The project is worth Rs70.4 crore, it added.

OICL will build an 8 km road in Mohali, Punjab along with three high-level bridges and culverts on the same road. The project is expected to be completed in 16 months.

Omaxe group had recently bagged orders from Director General Married Accommodation Project, Ministry of Defence and Air Force Naval Housing Board among others.

On Monday, Omaxe shares ended 1.7% up at Rs143 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.4% up at 20,117 points.

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TCS win contract to establish data centre for Karnataka government

IT service provider Tata Consultancy Services (TCS) said it won a contract to establish and manage a state data centre (SDC) for the Karnataka government. No financial details were provided.

TCS will assist the Karnataka government in establishing an efficient SDC. The new SDC would provide better operation and management control and minimise overall cost of data management, IT resource management, deployment and other costs, TCS said in a regulatory filing.

On Monday, TCS shares ended 0.5% down at Rs927 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.4% up at 20,117 points.

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KPIT Cummins unit to acquire CPG Solutions for $13.2 million

KPIT Cummins Infosystems Ltd said its unit KPIT Cummins Infosystems will acquire US-based CPG Solutions for $13.2 million.

On Monday, KPIT Cummins shares ended 0.7% down at Rs172 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.4% up at 20,117 points.

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