logo
Patel Engineering JV receives LoA for pipeline project of Rs 958 cr

Patel Engineering JV receives LoA for pipeline project of Rs 958 cr

Maharashtra Krishna Valley Development Corporation, Pune has awarded a contract valued at Rs. 958.33 crore to Patel Engineering along with its JV partner, for the construction of Pipe Line Distribution Network for Nira Deoghar Right Bank Main Canal KM 87 to 135 and its Distributaries, Minor off taking between KM 65 to KM 135.
The project, scheduled for completion within a period of 36 months, is located in the state of Maharashtra, in Village Kalaj, Taluka Phaltan, District Satara. It will be executed through a Joint Venture, in which the company's share is 20%.
The scope of works includes construction of Pipe Distribution Network involving excavation & refilling for pipe trenches, structures providing, supplying, jointing, lowering, laying of pipes, various types of valves, chambers and outlets, testing Pipeline with all valves, outlets, etc. with an Operations, Repairs and Maintenance period for 5 years after completion of works.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ITR-2 online filing live: Are you eligible and what has changed?
ITR-2 online filing live: Are you eligible and what has changed?

India Today

time7 minutes ago

  • India Today

ITR-2 online filing live: Are you eligible and what has changed?

The Income Tax Department has now made it possible to file ITR-2 online for the financial year 2024-25. This means taxpayers can easily submit their returns through the e-filing portal without using the offline Excel version if they wish. Many people find the online option faster and less confusing because it fills in some details IT Department in a post on X wrote, 'Income Tax Return Form of ITR-2 is now enabled for filing through online mode with pre-filled data at the e-filing portal.' advertisementIt must be noted that earlier, on July 11, the Excel utilities for ITR-2 and ITR-3 were released, allowing people to download the forms, fill them offline, and then upload them on the SHOULD USE ITR-2? ITR-2 is mainly for people who earn from salary or pension, own more than one house, have capital gains, or get income from other it is not for those who have business or professional income. Hindu Undivided Families (HUFs) can also use this form if they fit these CHANGES THIS YEARThis year, the ITR-2 form has a few important changes that every taxpayer should know. You now have to report your long-term capital gains separately for periods before and after July 23, 2024, as new indexation and tax rules you hold unlisted bonds or debentures, you must clearly mention them depending on how long you have kept them. Any money you receive from share buybacks on or after October 1, 2024 should be shown under 'Income from Other Sources' and also marked as 'Nil' under capital if you earn more than Rs 1 crore in a year, you must disclose your assets and liabilities. This limit was earlier set at Rs 50 if you plan to file your ITR-2 soon, make sure you check these updates before you click 'Submit'. It's always better to double-check the new rules to avoid any last-minute trouble later on.- Ends

What is the salary of Asia's richest man Mukesh Ambani, his wife Nita Ambani and children Akash Ambani, Isha Ambani, Anant Ambani?
What is the salary of Asia's richest man Mukesh Ambani, his wife Nita Ambani and children Akash Ambani, Isha Ambani, Anant Ambani?

India.com

time7 minutes ago

  • India.com

What is the salary of Asia's richest man Mukesh Ambani, his wife Nita Ambani and children Akash Ambani, Isha Ambani, Anant Ambani?

Ambani family (File) Anant Ambani, the youngest son of billionaire Mukesh Ambani, has been appointed as an Executive Director at Reliance Industries, the family's main company. According to a notice sent to shareholders, Anant will now receive a salary between Rs 10 to 20 crore each year, along with many extra benefits, including a share of the company's profits. In 2023, all three of Mukesh Ambani's children—Akash, Isha, and Anant—were added to the board of Reliance Industries as non-executive directors. At that time, they did not get a salary. Instead, they were each paid Rs 4 lakh as sitting fees and got a profit commission of Rs 97 lakh for the year 2023–24. But now that 30-year-old Anant has become an Executive Director (as of April this year), he will start receiving a full salary, bonuses, and other perks as part of his new role in the company. Isha Ambani's salary Isha Ambani is a non-executive director at Reliance Industries and also serves as an Executive Director at Reliance Retail Ventures Limited (RRVL). As per a report by ET Hindi, she earns around Rs 35 lakh per month, which adds up to about Rs 4.2 crore per year. This figure does not include bonuses or dividends. Nita Ambani's salary Nita Ambani is the chairperson of Reliance Foundation and a member of the Indian Olympic Association. As a non-executive director on the Reliance Industries board, she is paid sitting fees and commission based on profits. In 2022–23, she earned Rs 6 lakh as sitting fees and Rs 2 crore as commission. In 2020–21, she received Rs 8 lakh as sitting fees and Rs 1.65 crore as commission. Mukesh Ambani's salary Mukesh Ambani, the chairman of Reliance Industries and Asia's richest man, has not taken any salary from the company for four years in a row. From 2008 to 2020, he used to earn Rs 15 crore per year. But after the COVID-19 pandemic, he chose to stop taking a salary until the company's earnings fully recover. In 2023–24, he again took no salary, perks, or allowances. Akash Ambani's salary Akash Ambani is a director at Reliance Retail Ventures Ltd. He is reported to have an estimated yearly income of Rs 5.6 crore. However, his exact salary details have not been made public. His net worth is estimated to be around $40.1 billion.

Punjab govt setting up 22 committees to advise it on new industrial policy: Minister Sanjeev Arora
Punjab govt setting up 22 committees to advise it on new industrial policy: Minister Sanjeev Arora

Indian Express

time7 minutes ago

  • Indian Express

Punjab govt setting up 22 committees to advise it on new industrial policy: Minister Sanjeev Arora

Punjab Industries Minister Sanjeev Arora Thursday said the state government was in the process of setting up industry-specific committees to advise it on shaping up a new industrial policy. A total of 22 committees comprising industrialists will be formed, he said, adding each committee will comprise 8 to 10 members with its chairman. The tenure of these committees will be for two years. 'These committees will advise the government for any requirement they need in their respective sectors. They will advise the government about what changes they require in the policy,' said Arora. Arora said the committees will be asked to give their first report within 45 days. 'We will seek their comments to make new industrial policy a reality. We want to come out with the new policy as soon as possible,' said Arora. These committees will be constituted for the textile sector, IT, sports goods, , bicycle industry, auto and auto components, heavy machinery, electric vehicles, renewable energy, food processing, steel, chemical industry, tourism and hospitality, film and media, pharmaceuticals, retail and manufacturing among others, he said. Replying to a question on some textile industrialists from Punjab investing in Madhya Pradesh, Arora said no industry is moving out of the state. 'They have future expansion plans. If any industry has future expansion plans, these can be for going there where raw material is available, and a port is near for import and exports.' 'Nobody is shutting here. They are expanding here as well,' he said. On July 7, MP Chief Minister Mohan Yadav had met local industrialists in Ludhiana and had then said that his state received investment proposals worth Rs 15,606 crore from Punjab industrialists. To a question on industry complaining about unscheduled power cuts, Arora said they regularly take up this issue with the state-owned power utility — Punjab State Power Corporation Ltd. 'We do not have a shortage of power. Rather the PSPCL is looking for customers for sale of electricity. But somewhere there are transmission problems. Sometimes grids get overloaded. All these are issues being taken care of. In the last 6-8 months, new grids have been set up and upgraded. 'We assure that this problem will be solved,' he said.

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