Latest news with #EPC
Business Upturn
14 hours ago
- Business
- Business Upturn
Dilip Buildcon secures Rs 1,341 crore tunnel project in Kerala from Konkan Railway
By Aman Shukla Published on June 20, 2025, 11:34 IST Dilip Buildcon Limited has announced the receipt of a Letter of Acceptance (LOA) from Konkan Railway Corporation Ltd for a significant infrastructure project in Kerala. The contract involves the construction of a twin-tube unidirectional tunnel with two lanes in each direction, along with a four-lane approach road. This project, awarded on an Engineering, Procurement & Construction (EPC) basis, aims to provide direct connectivity between Anakkampoyil, Kalladi, and Meppadi, covering a total stretch of 8.275 km under Package-II. The project is located in the Kozhikode and Wayanad districts of Kerala and is expected to be completed within 48 months. The total value of the contract stands at ₹1,341 crore, including GST. This is a domestic contract, and there is no related party involvement from the promoter group companies. The company has also announced the closure of its trading window as per SEBI regulations until 48 hours after this information becomes public. 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
New Indian Express
15 hours ago
- Business
- New Indian Express
GHMC to build twin three-lane flyovers at Kukatpally ‘Y' junction
HYDERABAD: The Greater Hyderabad Municipal Corporation (GHMC) will soon take up the survey, investigation and construction of two three-lane flyovers at Kukatpally 'Y' junction — one on the left-hand side (towards Ameerpet) and the other on the right-hand side (towards Miyapur) along NH-65. The Rs 180 crore project will be executed under the Engineering, Procurement and Construction (EPC) model and is part of the Hyderabad City Innovative and Transformative Infrastructure (H-CITI) initiative, aimed at easing traffic congestion and improving urban connectivity. The state government granted administrative sanction in December 2024 and permitted the GHMC to invite tenders. Bids have been called for the Kukatpally 'Y' and IDL lake junctions flyovers. The scope includes standard and obligatory viaduct spans with sacrificial shuttering, reinforced soil (RE) and RCC toe walls, crash barriers, friction and approach slabs, anti-carbonation coating on exposed concrete, safety view barriers, overhead gantries, landscaping below the viaduct, electrification, signages, road studs, drainage connections and utility shifting.
Newsweek
a day ago
- Politics
- Newsweek
U.S. Pushing Allies To Limit Focus On Ukraine In NATO Summit Communique
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The United States is pressuring European allies to limit references to Ukraine in the final communique that comes out of next week's NATO summit, according to several sources, a symbolic move that would signal a drop in support for Kyiv under President Donald Trump. Trump administration officials have pushed NATO allies to agree to limit mentions of Ukraine in the communique, the document issued at the conclusion of the annual conference that lays out the security alliance's priorities, according to multiple sources in Washington and Europe who are familiar with the negotiations. The current draft of the summit's communique only includes one passing mention of Ukraine's defense capabilities and does not include a broad statement of support for Kyiv, a European official who viewed the draft told Newsweek. If the draft is approved by the U.S. and other NATO members, it would represent a break from the strong statements of support for Ukraine issued at the end of the NATO summits that took place under former President Joe Biden after Russia invaded Ukraine in 2022. "People in Moscow, Beijing and in other major capitals of the world look carefully at how the United States and NATO characterize the international security situation," said Jeff Rathke, the president of the American-German Institute at Johns Hopkins University. "If NATO backs away from what it has previously committed to [at the summit], it's a signal of weakness that will very much be picked up on." Ukraine's President Volodymyr Zelensky (L) speaks with NATO Secretary General Mark Rutte during the European Political Community (EPC) summit, in Tirana, Albania on May 16. Ukraine's President Volodymyr Zelensky (L) speaks with NATO Secretary General Mark Rutte during the European Political Community (EPC) summit, in Tirana, Albania on May 16. Adnan Beci/AFP via Getty Images NATO members are expected to take some steps at the summit to show support for Ukraine. NATO Secretary General Mark Rutte has called on member states to increase their annual defense spending to deter Russia. The alliance is expected to announce new spending targets of 5 percent at the summit, several sources said. The figure would consist of 3.5 percent spending on core defense programs, and 1.5 percent on military-related infrastructure and logistics. The plan represents a significant victory for Trump, who has long called on NATO members to step up their defense spending. In recent months the United Kingdom, France, and other countries have also pledged greater military aid to Ukraine, which has relied on Western support in its fight against Russia. The aid has raised tensions between European and the U.S. since Trump took office vowing to bring a swift end to the war in Ukraine. The administration brokered peace talks between Russia and Ukraine, but the negotiations haven't resulted in any meaningful breakthroughs so far. Trump has expressed frustration with both countries for failing to reach a deal, but he has more frequently criticized Ukrainian President Volodymyr Zelensky than Russian President Vladimir Putin. It remains unclear if Trump will back a Senate bill to impose new sanctions on Moscow, or if Trump would support a new military aid package for Ukraine once the current funding for Kyiv runs out. The White House did not immediately respond to a Newsweek request for comment. A final NATO summit communique that barely mentions Ukraine would be a marked contrast from the statements put out by the security alliance over the past several years. The alliance expressed unequivocal support for Ukraine at the conclusion of the annual summit last year, which was hosted by the Biden administration in Washington. "Russia's full-scale invasion of Ukraine has shattered peace and stability in the Euro-Atlantic area and gravely undermined global security," the 2024 communique said. NATO pledged in the document to "bolster our long-term support to Ukraine so it can prevail in its fight for freedom." Ukrainian officials said they hoped NATO allies would prioritize Ukraine at the summit without angering Trump, who has spent the past week focused on the escalating war between Israel and Iran. "They're thinking about how to diplomatically promote Ukraine at the NATO Summit and how to not antagonize Trump. It's a difficult challenge," Oleksandr Merezhko, a member of Ukraine's parliament, told Newsweek. He added, "In the final communique, I'd like to see something said about supporting Ukraine."
Mint
2 days ago
- Business
- Mint
Globe Civil Projects IPO to open on Tuesday; here's what GMP signals ahead of the issue launch
Globe Civil Projects IPO GMP ahead of opening: The initial public offering (IPO) of Globe Civil Projects IPO, which is set to open for bidding on Friday, June 24, is commanding a decent grey market premium (GMP) of ₹ 07 as of Thursday. Based on the issue's upper price band of ₹ 71 and the current Globe Civil Projects IPO GMP, the estimated listing price for the company shares stands at ₹ 78 per share—a 10% premium over the issue price. The GMP reflects investors' willingness to pay above the IPO price, indicating positive sentiment ahead of the launch. Investors should note that the GMP is likely to fluctuate throughout the bidding period. The IPO will open for bidding on Tuesday, June 24, and remain open until Thursday, June 26. The company aims to raise ₹ 119 crore, which is entirely a fresh issue of 1.68 crore shares. It proposes to use the IPO proceeds to fund working capital requirements, capital expenditure towards the purchase of construction equipment/machinery, and general corporate purposes. The issue has reserved 50% of the shares for qualified institutional buyers (QIB), 15% for non-institutional institutional investors (NII), and 35% for retail investors. Retail investors can participate in the issue with a minimum investment of ₹ 14,981 per lot, which consists of 211 shares. Investors can bid on up to 13 lots, which requires an investment of ₹ 194,753. Tentatively, Globe Civil Projects IPO basis of allotment of shares will be finalized on Friday, June 27, and the company will initiate refunds on Monday, June 30, while the shares will be credited to the demat account of allottees on the same day following the refund. Globe Civil Projects share price is likely to be listed on BSE and NSE on Tuesday, July 01. Globe Civil Projects, incorporated in 2002, is an integrated engineering, procurement, and construction (EPC) company headquartered in New Delhi. The company is involved in the execution and construction of infrastructure projects comprising transport and logistics projects, social and commercial projects, and non-infrastructure projects comprising commercial offices and housing. The revenue, EBITDA, and PAT have grown at a CAGR of 7.8%, 39.6%, and 72.0% to ₹ 332 crore, ₹ 45 crore, and ₹ 15 crore, respectively, during FY22-FY24. The current order book position (2.0x of 9MFY25 annualized revenue) provides healthy revenue visibility for the near term. However, D/E at 1.4x as of December 2024 is relatively higher than its peers, as per analysts. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Zawya
2 days ago
- Business
- Zawya
Oman's OQGN awards EPC contract for $273mln Fahud - Suhar Loop Line project
OQ Gas Networks (OQGN), Oman's sole gas transmission operator and owner, announced on Wednesday that it has awarded Engineering, Procurement, and Construction (EPC) contract for the new 42 inch, 193-kilometre (km) loop line from Fahud to Suhar to Egypt-headquartered Petrojet. The agreement for the Fahud - Suhar Loop Line project was signed on 17 June 2025, the MSX-listed company said in a stock exchange statement. The statement said OQGN also awarded the supply of 193-km of line pipes to Jindal SAW. The project, which is estimated to cost 105 million Omani riyals ($273 million), is scheduled to be completed in 24 months, the statement noted. According to the statement, the project cost will be included in the Company's Regulated Asset Base (RAB), and, like the rest of the RAB, the return on this investment will be determined based on the Weighted Average Cost of Capital (WACC). The currently approved WACC in Price Control 3 is 7.79 percent and will remain in effect until 2027. In November 2024, Zawya Projects had reported that OQGN secured approval from relevant authorities for the execution of a second loop line from Fahud to Sohar. (Reporting by Deva Palanisamy; Editing by Anoop Menon) (
