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Tata Communications on Monday said it has bagged a "multi-crore" order from the Goods and Services Tax Appellate Tribunal (GSTAT) to build an end-to-end digital infrastructure spanning network, IoT, cloud, and security with integrated management across domains. The project, aimed at accelerating and streamlining GSTAT's operations, will enable seamless access across all benches nationwide, fortify data security, and deliver a simplified user experience, the company said in a statement. "Tata Communicationshas been awarded a strategic project to deliver a comprehensive digital infrastructure - spanning network fabric, IoT, cloud, and security, with unified management across domains for the Goods and Services Tax Appellate Tribunal (GSTAT) benches established by the Ministry of Finance, Government of India. This multi-crore, prestigious win reinforces Tata Communications' position as a trusted technology partner for mission-critical national initiatives," it said. Tata Communications
The Maharashtra government on Monday released a fund of Rs 150 crore to expedite work on the ambitious 'Ahilyanagar-Beed-Parli Vaijnath' broad-gauge railway line project, taking the total allocation so far to Rs 2,091 crore. "This is a special gesture ahead of the Marathwada Liberation Day on September 17," said Deputy Chief Minister and Beed district guardian minister Ajit Pawar. The total cost of the project, viewed as a game changer for Beed district's development, is Rs 4,085 crore, of which 50 per cent is the state's share. Train services on the route will be inaugurated on September 17, fulfilling a long-pending demand of lakhs of residents. The 261-km railway line is estimated to cost Rs 4,805 crore, with the state's share pegged at Rs 2,402 crore. The fresh Rs 150 crore will go to the railways as the government's share for the 2025-26 fiscal. After assuming the charge as Beed guardian minister, Pawar has prioritised infrastructure projects, including airport, road and rail
Prime Minister Narendra Modi will inaugurate and lay the foundation of projects worth Rs 5,200 crore, including three new stretches of the Kolkata Metro, and an elevated corridor in adjacent Howrah, during his visit to the eastern metropolis on August 22, officials said. PM Modi will inaugurate the new Metro stretches around 4.15 pm on Friday and undertake a metro ride from Jessore Road metro station to Jai Hind Bimanbandar station and back, a Kolkata Metro Railway spokesperson said on Wednesday. He will also lay the foundation of 7.2-km elevated Kona Expressway worth over Rs 1,200 crore, which will enhance connectivity between Howrah and Kolkata. The inauguration of the crucial 13.62 km, in all, of metro stretches will provide seamless connectivity between important points in the city, including Howrah and Sealdah stations, IT hub Sector 5 and Netaji Subhas Chandra Bose International Airport. The three new stretches are Sealdah to Esplanade (2.45 km), Noapara to Jaihind Bimanbanda
The country's airport industry is projected to report a profit before tax of USD 1.3 billion in the current financial year. The profit is anticipated to be Rs 256.1 (USD 3.1) per passenger in the fiscal ending March 2025, aviation advisory firm CAPA India said while giving projections at its aviation summit in the national capital on Friday. In the current fiscal, passenger throughput at Indian airports is estimated to rise to 404.9 million. Out of the total, 81.1 per cent will be domestic and 18.9 per cent will be international traffic, it said. As per the report, the Airport Authority of India's (AAI) profitability is likely to remain robust in FY2024 and FY2025. "The topline will grow due to an increase in aeronautical revenue along with the receipt of revenue share from the recently privatised six non-metro airports, without having to incur any expense associated with it - resulting in higher profitability," it added. The industry's profit before tax is expected to be USD 1.3
The country's largest multiplex operator PVR Inox will open 150 screens in the next fiscal with an investment of about Rs 500 crore, a top company official has said. The company, which opened a six-screen luxury cinema at Maison Inox here on Thursday, already runs 118 screens across 23 properties in the megapolis. Overall, including its property in Colombo, it operates 1,711 screens at 359 properties across 114 cities. We are planning to add 150 more screens at an investment of around Rs 500 crore next fiscal, Sanjeev Kumar Bijli, an Executive Director at PVR Inox, told PTI here. On the Maison Inox, he said normally a screen required an investment of Rs 5 crore but given that it's a luxury collection and comes with the first attached bar (Gastby Bar), the per screen cost is about Rs 7 crore. On the company's overseas expansion plans, he said they will have more screens in Sri Lanka only and not anywhere else. Despite the civil war and the deep financial difficulties, "Sri Lanka h
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Man Infraconstruction has bagged a Rs 680-crore EPC order from Bharat Mumbai Container Terminal to construct the fourth container terminal at the Jawaharlal Nehru Port (JNPT). Bharat Mumbai Container Terminal is a subsidiary of PSA International, a Singaporean port group. PSA is working with JNPT to develop the second phase of the fourth container terminal, and the contract includes land reclamation and infrastructure development. The contract is to finish the infra work within 30 months, Man Infra, a city-based EPC and realty company, said in a statement. Manan Shah, the managing director of Man Infra, said his company had executed the first phase of infra work for the terminal earlier within 22 months. Publicly-traded Man lnfra has zero debt and had Rs 1,890 crore in revenue from which it earned a net profit of Rs 258.6 crore in FY23. Its EPC division has six decades of experience in ports, residential, commercial & industrial and road segments, and the realty division has ...