Ashoka Buildcon bags bid worth Rs214cr
Ashoka Buildcon (ABL) has submitted bid to Jharkhand Bijli Vitran Nigam Limited (JBVNL) for the Project viz. "Rural Electrification Works of Package-4 (Comprising Ranchi, Khunti, Gumla, Simdega & Lohardaga District) in Jharkhand State under Jharkhand Sampurna Bijli Achchhadan Yojana (JSBAY) Phase-II", the company said in the BSE filing. In the bid opening meeting on December 12, 2018, the company has emerged as the Lowest Bidder (L-1) for Package 4, the Bid Value of which is Rs214 cr, with a completion period of 18 months, the company added.
Pricol zooms ~15% after announcing JV with Pointer Telelocation
Shares of Pricol zoomed 15% in morning trade on Thursday after the company announced a joint venture with Pointer Telelocation for telematics solution. Read more. Pricol Limited (founded as Premier Instruments and Controls Limited) is an automotive component and precision-engineered products manufacturer based in Coimbatore, India.It manufactures automotive components for motorcycles, scooters, cars, trucks, buses, tractors, and off-road vehicles used in the construction and Industrial segment. The company also manufactures sintered components and products for fleet management solutions.
Tata Motors to increase passenger vehicles prices from January 1
Tata Motors (TML) announced that the company would be increasing prices of its entire passenger vehicles range by up to Rs40,000 (depending on the model and city), starting January 01, 2019.
This hike in price is due to rising input costs and increase in fuel prices.
Mayank Pareek, President, Passenger Vehicle Business Unit, Tata Motors said, "The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase. We are optimistic on maintaining our growth trajectory in the coming year on the back of our robust portfolio consisting of segment-leading products like TIAGO, HEXA, TIGOR and the NEXON.
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