logo
H.G. Infra secures LOI from PFC Consulting for Interstate transmission project in Odisha

H.G. Infra secures LOI from PFC Consulting for Interstate transmission project in Odisha

Business Upturn7 hours ago

H.G. Infra Engineering Limited (HGINFRA) has received a Letter of Intent (LOI) from PFC Consulting Limited for the development of an interstate transmission system in Odisha. The project is part of the Eastern Region Generation Scheme – I (ERGS-I) and will be implemented through a tariff-based competitive bidding process.
The scope of the project involves acting as the transmission service provider (TSP) for setting up the required infrastructure under the ERGS-I scheme. The initiative aims to strengthen power transmission capacity and improve interconnectivity in the eastern region.
In the exchange filing, the company shared, 'H.G. Infra Engineering Limited (the 'Company' or 'HGINFRA') has received Letter of Intent (LOI) from PFC Consulting Limited for transmission service provider to establish Inter State Transmission system for 'Eastern Region Generation Scheme – I (ERGS-I)' through tariff based competitive bidding process in the state of Odisha.'
PFC Consulting Limited, a wholly owned subsidiary of Power Finance Corporation, is the nodal agency responsible for coordinating such transmission initiatives under the Ministry of Power.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Synopsys (SNPS) and Samsung Foundry Team Up to Advance AI Chip Design
Synopsys (SNPS) and Samsung Foundry Team Up to Advance AI Chip Design

Yahoo

time6 hours ago

  • Yahoo

Synopsys (SNPS) and Samsung Foundry Team Up to Advance AI Chip Design

Synopsys Inc. (NASDAQ:SNPS) is one of the 11 must-buy AI stocks analysts are betting on. On June 16, the company announced a strategic collaboration with Samsung Foundry. The two are joining forces to power the next generation of chip designs capable of handling edge artificial intelligence, high-performance computing, and artificial intelligence applications. A close-up of a complex network of integrated circuits used in logic semiconductors. The companies are to power the most complex multi-designs that enable customers to deliver advanced technologies to the market. They have already achieved a successful customer tape from an HBM3 design on the Samsung SF2 process and I-cube technology. Synopsys has also achieved certification for its AI-driven digital and analog flows in Samsung SF2 processes. The milestone allows the company to accelerate the development of high-performance designs. Additionally, the company has expanded its IP portfolio to support the development of applications for high-performance computing in the automotive markets. Synopsys Inc. (NASDAQ:SNPS) delivers electronic design automation (EDA) software and IP solutions for designing and testing integrated circuits. Operating through Design Automation and Design IP segments, it offers tools for digital and custom IC design, verification, FPGA design, TCAD, and AI-driven solutions. Its IP portfolio includes interfaces like USB, PCIe, Ethernet, and HDMI, as well as processor cores, embedded memories, security, automotive, and SoC infrastructure components. While we acknowledge the potential of SNPS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Healthcare Stocks to Buy Now and 10 Stocks Analysts Are Upgrading Today. Disclosure: None. Sign in to access your portfolio

H.G. Infra secures LOI from PFC Consulting for Interstate transmission project in Odisha
H.G. Infra secures LOI from PFC Consulting for Interstate transmission project in Odisha

Business Upturn

time7 hours ago

  • Business Upturn

H.G. Infra secures LOI from PFC Consulting for Interstate transmission project in Odisha

H.G. Infra Engineering Limited (HGINFRA) has received a Letter of Intent (LOI) from PFC Consulting Limited for the development of an interstate transmission system in Odisha. The project is part of the Eastern Region Generation Scheme – I (ERGS-I) and will be implemented through a tariff-based competitive bidding process. The scope of the project involves acting as the transmission service provider (TSP) for setting up the required infrastructure under the ERGS-I scheme. The initiative aims to strengthen power transmission capacity and improve interconnectivity in the eastern region. In the exchange filing, the company shared, 'H.G. Infra Engineering Limited (the 'Company' or 'HGINFRA') has received Letter of Intent (LOI) from PFC Consulting Limited for transmission service provider to establish Inter State Transmission system for 'Eastern Region Generation Scheme – I (ERGS-I)' through tariff based competitive bidding process in the state of Odisha.' PFC Consulting Limited, a wholly owned subsidiary of Power Finance Corporation, is the nodal agency responsible for coordinating such transmission initiatives under the Ministry of Power. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

Nifty 50 top gainers today, June 20: Trent, Jio Financial Services, Mahindra & Mahindra, Bharti Airtel and more
Nifty 50 top gainers today, June 20: Trent, Jio Financial Services, Mahindra & Mahindra, Bharti Airtel and more

Business Upturn

time9 hours ago

  • Business Upturn

Nifty 50 top gainers today, June 20: Trent, Jio Financial Services, Mahindra & Mahindra, Bharti Airtel and more

Indian stock markets ended sharply higher on June 20, with benchmark indices hitting high levels. The Nifty 50 closed above the 25,000 mark, settling at 25,112.40, up 319.15 points (1.29%). Meanwhile, the Sensex jumped 1,046.30 points (1.29%) to finish the session at 82,408.17. Among the Nifty 50 stocks, several companies recorded significant gains, led by Trent, Jio Financial Services and Mahindra & Mahindra. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on June 20 Trent Ltd : Topped the charts with a 4.0% gain, closing at ₹5,950 . Jio Financial Services : Rose 3.3% , ending the day at ₹293.5 . Mahindra & Mahindra : Continued its strong run, gaining 3.1% to settle at ₹3,189.9 . Bharti Airtel : Moved up 3.0% and closed at ₹1,934 . Nestle India : Gained 2.8% , finishing at ₹2,383.1 . Power Grid Corporation : Added 2.2% to close at ₹292.7 . Reliance Industries : Also up 2.2% , ending the session at ₹1,464.1 . Bharat Electronics Ltd (BEL) : Rose 2.1% to ₹407.1 . HDFC Life Insurance : Increased 2.1% , closing at ₹778 . Shriram Finance: Ended 1.8% higher at ₹664. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Bharti AirtelJio Financial ServicesMahindra & MahindraStock MarketTrent Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store