Shipping Corporation of India has executed a Memorandum of Agreement (MoA) for the acquisition of two second-hand Very Large Gas Carriers (VLGCs) having a cargo carrying capacity of around 82,000 CBM. These VLGCs are expected to be inducted into the SCI’s fleet during the current quarter of FY26. This agreement is a part of SCI’s business expansion plans and to augment the company’s tonnage capacity.
Texmaco Rail & Engineering has bagged an order worth Rs 36.27 crore from Transport Corporation of India for two rakes containing (54 No’s ACT-3 Type Wagons and 02 No’s BVCM) with a provision for further order of similar eight rakes subject to performance and market conditions after delivery of the initial two rakes. The order is to be executed within 24 months.
Cochin Shipyard Ltd has signed a Memorandum of Understanding (MoU) with South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE) to explore long-term collaboration in shipbuilding and maritime development. KSOE is renowned globally for its expertise in designing and constructing commercial vessels, naval platforms, and offshore infrastructure.
Rail Vikas Nigam Ltd (RVNL) has received a letter of acceptance (LoA) worth Rs 143.37 crore from Southern Railway for the upgradation work of the electric traction system from a 1×25 kV to a 2×25 kV traction system at Salem Jn. (SA)-Podanur Jn. (PTJ) & Irugur (IGU)-Coimbatore Jn. (CBE)-Podanur Jn. (PTJ) Section of Salem Division of Southern Railway to meet 3000 MT loading target. The order is to be executed within 24 months, according to a regulatory disclosure by the company.
Published on July 7, 2025
