Tata Steel, Europe's second largest steelmaker, has won a contract to supply rail track and steel sleeper plate to Britain's Network Rail for at least five years.
Network Rail, the company set up to operate and maintain Britain's rail infrastructure, has chosen to source more than 95% of its rail from Tata Steel until 2019, with the option to extend this until 2024, Tata Steel said in a statement.
The contract could see Tata Steel, which employs 18,500 people in the UK, supplying more than a million tonnes of rail for Britain's passenger and freight lines, the company said.
TCS after market hours on Monday, 21 October 2013, announced that it has been selected by Bombardier Transportation, a global leader in rail transportation technology, to manage its IT infrastructure for newly commissioned data centers. The multi-year, multi-million deal is the first that TCS has signed with a rail-transportation technology provider, TCS said.
As part of the contract, TCS will provide remote infrastructure management (RIM) to Bombardier Transportation's recently established data centers in Germany. The new data centers will establish a leading-edge technology platform for Bombardier, through introduction of private cloud services paired with a high level of virtualization, TCS said.
NHPC after market hours on Monday, 21 October 2013, said that its board of directors will consider a proposal for buy-back of equity shares on 24 October 2013.
Wipro and Cairn India unveil their Q2 September 2013 results today, 22 October 2013.
Rallis India net profit rose 22.2% to Rs 80.28 crore on 22.6% increase in net sales to Rs 565.59 crore in Q2 September 2013 over Q2 September 2012.
Dewan Housing Finance Corporation's net profit rose 50.4% to Rs 129.14 crore on 42.7% increase in operating income to Rs 1167.21 crore in Q2 September 2013 over Q2 September 2012.
JK Lakshmi Cement's net profit fell 79.8% to Rs 10.30 crore on 8.7% increase in net sales to Rs 448.87 crore in Q2 September 2013 over Q2 September 2012.
Radico Khaitan said that its board has approved the transfer, sell, assignment, restructuring or otherwise disposal of the Indian made foreign liquor business undertaking (IMFL business) of the company to a subsidiary of the company on such terms and conditions as may be decided by the board, subject to the approvals of shareholders of the company. Further, the board has also approved the incorporation of the above mentioned subsidiary of the company to carry on the IMFL business.
Adani Ports and Special Economic Zone (APSEZ) is reportedly set to buy Dhamra port in Odisha after its operator secured environmental and coastal clearances for its second phase of expansion. According to a media report, APSEZ agreed to buy Dhamra Port Co. (DPCL), a venture of Larsen and Toubro and Tata Steel, early this year for about Rs 5000 crore, provided that the current operator gets environmental and coastal zone approvals.
Powered by Capital Market - Live News
