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CARS24, an e-commerce platform for pre-owned vehicles, on Friday launched its first engineering research and development centre here. The centre will focus on developing cutting-edge solutions for used vehicle inspection, refurbishment, and reconditioning, it said in a statement, adding that it will employ engineers and specialists from across the country. The AI-powered algorithms used by the centre will ensure accurate vehicle valuation, the company said. "In addition to developing advanced technological solutions for vehicle inspection and valuation, the centre will analyse data on pre-owned vehicle sales and market trends, providing statistical models and machine learning algorithms that will predict future demand for certain types of vehicles, identify growth opportunities, and optimise pricing strategies", the statement added.
The order book position of BTL EPC Ltd, the engineering arm of city-based Shrachi Group, stands at Rs 1800 crore, an official said. The engineering entity recently bagged an order from BHEL for setting up an ash handling system for a supercritical thermal power plant in Telangana which is valued at Rs 446 crore. Managing Director of BTL EPC Ravi Todi said, "The order book position of the company now stands at Rs 1800 crore after bagging an order of around Rs 446 crore from BHEL for a power plant in Telangana." He said that in 2021-22, the company clocked a revenue of Rs 330 crore, and for the current fiscal year it is expected to register healthy growth. "Going by the current trends, we are expecting a clock a turnover of Rs 450 crore", Todi said. He said the company had also completed the EPC contract for a fertiliser plant at Sindri and Barauni valued at Rs 157 crore, and a baggage handling plant for KRIBHCO. Besides, the company is executing projects for the Bengal Maitree sup