Ramky Infrastructure, CG Power and Bharat Forge to see some action today

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Ramky Infrastructure has been awarded project worth Rs 494.04 crore by Rajiv Gandhi Rural Housing Corporation in Bengaluru BMRDA area under ‘1 Lakh Multi-Storey Bengaluru Housing Programme’ on Turn Key basis (Planning, Design, Build, operate and transfer).

CG Power & Industrial Solutions has launched new Emotron VSX and Emotron VSM Series variable speed Drives for critical applications. These newly launched series are not only packed with advanced features but also compact in size. The new drive introduces a breakthrough control technology, developed by CG that brings high-performance Motor control to demanding processes used in various industries. The newly launched products cater to the high demand coming from the domestic market.

Bharat Forge has entered into a Joint Venture (JV) Agreement with Refu Electronic GmbH, Germany and its Affiliates / Promoters (REFU) for incorporating JV Company, under the laws of Germany for developing, manufacturing and selling onboard controllers and components mainly – drives, inverters, converters (including AC/DC) and all kind of auxiliary applications, related power electronics and battery management (BMS), etc. for all quality of e-mobility vehicles namely, hybrid and electric 2-wheelers, 3-wheelers, cars and commercial vehicles.

RITES has received an additional export order aggregating to Rs 200 crore for supply of passenger coaches from Sri Lanka Railways. This is in addition to the earlier order for the supply of 6 numbers of Diesel Multiple Units from Sri Lanka Railways.

Optiemus Infracom has received approval to transfer the ‘Rental Division’ business of the Company to its wholly owned subsidiary company, which is in the process of being incorporated, as a ‘going concern’, on a slump exchange basis. The Board of Directors of the Company at its meeting held on June 06, 2019 has approved the same.

Trigyn Technologies’ wholly owned subsidiary – Trigyn Technologies, Inc., has been awarded a contract to provide Information Technology Services for the State of Minnesota Judiciary (Courts). The contract becomes effective on July 01, 2019 and extends for a period of two years, through June 30, 2021. This award facilitates the continued expansion of Trigyn’s Public Sector business.

Tourism Finance Corporation of India’s (TFCI) board has decided to incorporate a new subsidiary company. This will undertake the business of advisory and consultancy services.

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