Physical Contracts

Texmaco wins ₹15 cr DMRC contract for ballast-less tracks across NCR

Texmaco Rail & Engineering Ltd has secured a Rs 15.06 crore contract from the Delhi Metro Rail Corporation (DMRC) for installing, testing and commissioning ballast-less track systems across key corridors in the National Capital Region, the company said in a statement on Monday. Ballast-less refers to a type of railway track that replaces traditional crushed stone ballast with a rigid concrete or asphalt slab to which the rails are fastened. The project covers a 5.8 km track across Saket-G station on Line 11, Sarita Vihar Depot on Line 10 and Noida Electronic City station on Line 3. Work will begin on December 1 and is slated for completion in 12 months, adhering to DMRC's safety and quality standards, the statement said. Managing Director Sudipta Mukherjee said the order reinforces confidence in Texmaco's engineering capabilities and aligns with the Make in India priorities. Texmaco is also executing a larger DMRC project involving 58 km of track between Majlis Park and R.K. ...

India may soon allow US, foreign companies to bid for govt contracts

The government is likely to allow US firms to bid for contracts worth over $50 billion, mainly from federal entities, as it negotiates a trade deal with Washington.

Boeing, striking union set to resume contract talks on Wednesday

Boeing and the U.S. Federal Mediation & Conciliation Service did not immediately respond to emails seeking comment outside normal business hours

Bihar govt cancels Rs 826 crore-contracts given during coalition regime

The NDA government in Bihar cancelled 350 contracts totalling Rs 826 crore that were awarded during the previous RJD-led 'mahagathbandhan' government

CBDT told to clarify on STT on physically-settled derivative contracts

The comments came after ANMI moved SAT against a circular asking brokers to levy 0.1 per cent STT on contracts being physically settled