Patel Engineering Ltd in consortium with BS TransComm and Simplex Infrastructure has won a transmission project worth Rs300 crore from REC Transmission Project Company.
The transmission project associated with the Krishnapattanam Ultra Mega Power Plant includes establishing a 210 km, 765 kV transmission system from Raichur to Solapur and operating it for 35-years after completion. The project is expected to be complete by March 2014.
On Wednesday, Patel Engineering increased 3.74% to Rs318.65 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.22% down at 20,015.80 points.
To serve efficiently to its 28 lakh customers, Mumbai-based electricity distribution company Reliance Infrastructure Ltd has upgraded its distribution network by adding new substations and cable lines in its distribution network.
As a part of its network augmentation programme, the company has added 303 new sub-stations to its distribution network during 2009-10, thus, taking the tally of sub-stations in the system to 5,384, the release said.
The company has also added new cable network of around 425 km, taking the total cable network length to 7,930 km. RInfra has also enhanced its installed capacity of power transformer to 2,752 MVA so that it can bring in the additional power flow from various supply sources.
RInfra’s other initiatives for all its consumers include speedy new connection service, where all formalities have been complied with by the applicant, world-class customer care centres with multi-lingual agents and single window services, 24x7 power help lines for complaints and reporting of power thefts.
The company also offers several options for billing services, payment facilities, etc.
On Wednesday, RInfra decreased 1.74% to Rs794.45 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.22% down at 20,015.80 points.
IT bellwether Tata Consultancy Services (TCS) Ltd said it has signed a multi-year agreement to accelerate hospitality firm Hilton Worldwide’s technology strategy as part of the ‘Hilton Worldwide Innovation Collaborative’ initiative.
The Innovative Collaborative initiative aims to evolve Hilton Worldwide’s technology infrastructure and accelerate innovation across the company’s portfolio of ten brands, TCS said in a filing on the Bombay Stock Exchange.
However, the company did not disclose the financial details of the agreement.
“This relationship confirms our leadership position as the long-term IT partner best equipped to help global corporations transform their businesses using our full-service capabilities and domain knowledge,” TCS CEO & MD N Chandrasekaran said.
TCS will leverage its extensive experience on large transformational initiatives and modernising legacy systems to help develop a platform that keeps Hilton Worldwide at the forefront of the business and technology landscape.
On Wednesday, TCS declined 0.82% to Rs1,149.85 on the BSE, while the benchmark Sensex closed 0.22% down at 20,015.80 points.