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RPG Group firm and a global infrastructure major KEC International has secured orders worth Rs 2,211 crore across various businesses. According to a company statement, the Transmission & Distribution (T&D) business has secured orders in the Middle East and Americas. This entails design, supply and installation of 380 kV Overhead Transmission Lines in the Kingdom of Saudi Arabia (KSA) as well as supply of towers, hardware and poles in the Americas. The Oil & Gas Pipelines business has secured its second international order for terminal station works in Africa in addition to its ongoing pipeline laying project in the region. The Cables business has secured orders for supply of various types of cables in India and overseas. "The large order wins in Saudi Arabia have further strengthened our international T&D order book. These wins reaffirm the Middle East and North Africa (MENA) region's strategic importance as a key growth driver for us. "Our subsidiary, SAE Towers has ..
Thousands of rail passengers in Spain were hit with delays after the cable used in the signalling system of the high-speed line between Madrid and Seville was stolen at four locations, Spanish rail authorities said Monday. The theft, which happened late Sunday, affected dozens of trains travelling between Madrid and Andaluca, just as many people were returning home to the capital after a holiday weekend. On Monday, Spain's state-owned rail operator Renfe told passengers with trains departing Madrid's Atocha station before 8 am to not arrive early to avoid crowding. The cable theft took place at four points on the high-speed line in Toledo in central Spain, Spain's railway infrastructure company ADIF said on X. The incident came a week after a massive power outage in Spain and Portugal ground high-speed train traffic to a halt, stranding thousands of train passengers.
Wires manufacturer Paramount Cables has reported a 54 per cent rise in its consolidated net profit at Rs 22.03 crore in the December quarter of the current fiscal, boosted by higher income. It had posted a net profit of Rs 14.32 crore during the October-December quarter in the preceding financial year, the company said in an exchange filing on Saturday. The company's total income rose to Rs 285.83 crore, up 29 per cent from Rs 221.99 crore in the year-ago period. It's expenses stood at Rs 263.77 crore as against Rs 207.68 crore year on year. Paramount Cables manufactures multi-core cables, low and high-voltage cables, besides extra-high-voltage cables for industrial applications.