RVNL signs MoU with GBH International Contracting LLC
The primary focus of the MoU is to jointly pursue infrastructure development projects in the GCC region, which includes countries such as Saudi Arabia, UAE, Qatar, Bahrain, Oman, and Kuwait.
Matrika Shukla, Beat Editor at Business Upturn, is a Multimedia student. She is passionate about investigating and reporting on complex subjects. She has an extensive background in digital media with special focus on Politics.
The primary focus of the MoU is to jointly pursue infrastructure development projects in the GCC region, which includes countries such as Saudi Arabia, UAE, Qatar, Bahrain, Oman, and Kuwait.
The amalgamation will come into effect upon completing all legal formalities, including filing a certified copy of the NCLAT order with the jurisdictional Registrar of Companies.
The shares for this joint venture will be issued at AED 1,000 (approximately ₹22,500) per share, in compliance with the laws of Jebel Ali Free Zone, Dubai.
The company reported pre-sales of ₹8,670 crore during 9M FY25, reflecting a remarkable 178% year-on-year growth. With this achievement, Signature Global has already fulfilled 87% of its FY25 sales guidance of ₹10,000 crore.
Speaking at the event, Shri Lal emphasized the transformative impact of metro projects on India’s urban mobility, aligning with Prime Minister Narendra Modi’s vision for a "Viksit Bharat" by 2047.
The inaugurated 13km stretch of the Delhi-Meerut Namo Bharat Corridor runs between Sahibabad and New Ashok Nagar. The 3.5km section completed by Afcons includes the New Ashok Nagar Station and a viaduct with six steel bow-string spans, each weighing a total of 2,900MT.
The iPhone 17 Air may feature Apple's A18 or A19 chip, support for 8GB RAM, and the company's first in-house 5G and Wi-Fi chips. Additionally, all iPhone 17 models, including the Air, are expected to include ProMotion displays.
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Gross advances were ₹9,563 crore, showing a 26% YoY increase from ₹7,600 crore in Q3 FY24 and a 2% QoQ growth from ₹9,360 crore in Q2 FY25.
The contract, which involves the supply and installation work for a Water Transmission Project in Bahrain, marks a significant step in the company's expansion into international markets.
The Xiaomi 16 is anticipated to debut in March 2025 in India, following its initial launch in China in October 2024. It will feature the latest Snapdragon 8 Elite SoC, a 6.36-inch OLED display on the standard model, and a 6.73-inch 2K display on the Pro model.
The total business of the bank has increased by 8.3% year-on-year (YoY) to ₹12.61 lakh crore, up from ₹11.64 lakh crore for the same period in the previous year.
MCEL will manage logistics, transfers, accommodations, and sightseeing for 444 participants in Delhi and Agra, and 841 participants in Gujarat.
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