Despite the global pandemic of Covid-19 and resultant lockdown, production activity on these helicopters has been progressing well at the state-owned Hindustan Aeronautics Limited (HAL) facility in Bengaluru. These helicopters are going to be used for undertaking shore and shipborne operations, in accordance with the charter of ICG. Indian Coast Guard (ICG) will be receiving 2 out of 16 ALH ...

BEML, a mining equipment maker, has diversified into manufacturing of rail coaches and defence production. The company has a market capitalization of around ₹2500 crore and total revenue from operations of ₹3,028.8 crore in FY 20 Government has invited preliminary bids for 26% strategic stake sale in BEML Limited which is engaged in manufacturing and supply of equipment for mining, construction, defence and ...

The sale could fetch the government Rs 1,055 crore, according to the company’s share closing price on Friday TopicsBEML | Divestment | PSU sales The disinvestment will be through a two-stage open competitive bidding process. | Photo: bemlindia.in The Centre on Sunday invited bids for strategic divestment in BEML, four years after the Cabinet approved divestment in the company. The government will sell 26 per cent out of ...

Karnataka Home Secretary D Roopa on Saturday claimed that Hemant Nimbalkar was trying to favour a private company. IPS officer Hemant Nimbalkar on Sunday said that the tender process in the multi-crore Bengaluru Safe City Project was not biased amid allegations of irregularities in the tender process. Karnataka Home Secretary D Roopa on Saturday had alleged that there were irregularities ...

According to official sources, Ernst & Young (E&Y), a multinational professional services network, had bagged the Safe City project through an open tender one-and-a-half years ago. BENGALURU: The Rs 619 crore Bengaluru Safe City project under the Nirbhaya scheme has come under a cloud with two senior IPS officers seemingly indulging in shadow-boxing. Hemant Nimbalkar, Additional Commissioner (Administration), wrote to ...

No accusation till date that tender proposal was drafted with bias: Nimbalkar Claims and allegations made by D. Roopa, Secretary – PCAS, Home Department, who is in the dock over alleged unauthorised intervention in the ₹619 crore Safe City Project tender, were met with strong rebuttals from members of the Chief Secretary-led State Level Apex Committee monitoring the tender. The ...

BIAL invites RFP from design consultants for two metro stations at airport HIGHLIGHTS Bangalore International Airport Limited (BIAL) has invited a Request for Proposal (RFP) from Detailed Design Consultant (DDC) for developing two metro stations at Kempegowda International Airport (KIA or BIAL) as part of the 37-km Bangalore Metro Phase 2B project. Bengaluru: Bangalore International Airport Limited (BIAL) has invited ...

On August 31, a Supreme Court Bench headed by Justice Arun Mishra approved the decision by electricity regulators to grant Adani Power “compensatory tariffs” amounting to Rs 8,000 crore for electricity generated at its power plant in Rajasthan. The verdict, just before Justice Mishra’s retirement on September 2, is the seventh judgment since the beginning of 2019 in which benches ...

The offer for sale (OFS) of Hindustan Aeronautics Ltd (HAL) was subscribed 1.60 times by non-retail investors on the first day of the issue on Thursday. Further, the government has decided to exercise the greenshoe option and retail investors will get chance to bid on Friday (August 28) with a discount of 5 percent on the cut off price. In ...

The floor price for the offer has been fixed at Rs 1,001 per equity share of the company. Image: HAL The government will sell up to 15 percent stake in Hindustan Aeronautics (HAL) via offer for sale (OFS). The floor price for the offer has been fixed at Rs 1,001 per equity share of the company. While the government proposes to ...

The Karnataka government has written to the Centre to cut back on the number of electric buses allowed under FAME-II (Faster Adoption and Manufacture of (Hybrid and) Electric Vehicles) scheme but retain the higher subsidy of ₹1 crore a bus provided under the FAME-I. The State government wanted this change based on its experience of FAME I bidding when the contract ...

Pursuant to the tender inviting notice floated by Bruhat Bengaluru Mahanagara Palike (BBMP) on July 8, 2020 (EE/TEC/TEND/03/2020-21) for inviting request for proposal (RFP) in two cover system (technical & financial bids) for providing and installation of Way Finders on ‘Design, Finance, Build, Operate and Transfer (DFBOT) Basis’ against commercial advertisement rights for a concession period of 20 years, the ...

The last date for the submission of bids is August 18, 2020 Karnataka’s Tumakuru Smart City Limited (TSCL) has issued a request for proposal (RfS) seeking solar power developers to install 1.2 MW of rooftop solar systems on government buildings in the city. Interested bidders need to submit an earnest money deposit (EMD) of ₹600,000 (~$8,040) for the proposed capacity. ...

Congress alleged rampant corruption in COVID-related purchases Karnataka Deputy Chief Minister Dr. C.N. Ashwath Narayan, on Monday, ruled out a probe into the alleged irregularities in the purchase of COVID-related equipment, as demanded by the opposition leaders, saying they were only making “baseless allegations” to demoralise the officers fighting the pandemic. Health Minister B. Sriramulu, who gave an account of the ...

The last date for the submission of bids is August 8, 2020 Karnataka’s Shivamogga Smart City Limited (SSCL) has reissued a Request for Proposal (RfP) for the construction of 25 MW of canal-top solar projects. The tender has been reissued with modifications to garner more interest from developers. In July last year, the smart city had issued a tender for the construction of 25 ...

The penalty was levied for a delay in land acquisition for the project The Karnataka Electricity Regulatory Commission (KERC) has issued an order directing the Mangalore Electricity Supply Company Limited (MESCOM) to refund a penalty of ₹1.2 million (~$15,950) to Adani Green Energy Limited (AGEL). The penalty was levied on AGEL by MESCOM for not producing the documentary evidence for ...

Adani Green had submitted the amount as a penalty for a delay in land acquisition for the project The Karnataka Electricity Regulatory Commission (KERC) has ordered that Adani Green Energy Limited (AGEL) should get a refund of ₹1.2 million (~$15,754) from the Gulbarga Electricity Supply Company Limited (GESCOM) which was levied for a delay in submitting documentary evidence for a ...