Friday, July 31, 2015

Rolta India Ltd: On a path of Recovery
Moneycontrol.com writes on July 29, 2015: The Ministry of Defence (MoD) has selected 10 companies who can file expression of interests (EoI) for futuristic infantry combat vehicles by October 2015. This will replace the Sarath BMP, which has been existing since past 10 years. 

The seven year old project is worth Rs.60,000 crore and includes large players like Tata Motors , M&M , Tata Power SED, L&T and smaller players like Titagarh Wagon , Rolta Limited, Pipavav Defence , Bharat Forge and Punj Lloyd.

Meanwhile, there were media reports that India’s Rolta Power Pvt Ltd and China-based Zhenfa New Energy Science and Technology Co Ltd have teamed up with a plan to install at least 2 GW of solar power capacity in India by 2020.

The two companies have entered into a memorandum of understanding (MoU) to conduct and capitalise on joint engineering, procurement and construction (EPC) opportunities in India’s solar power industry, they said in a press release on Tuesday.
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