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The main structure of the new Parliament building has been completed and now the internal finishing work is going on, Tata Projects CEO and Managing Director Vinayak Pai said on Sunday. Tata Projects Ltd is constructing the new Parliament building which will have a grand constitution hall to showcase India's democratic heritage, a lounge for members of Parliament, a library, multiple committee rooms, dining areas and ample parking space. "The main structure (of the new Parliament building) has been completed. We are now at the stage where we are doing a lot of internal finishing work," Pai told PTI in an interview. "... it is one of its kind, so the finishes are very well thought out by the architects, procuring that and doing all the finishing," he added. The government has maintained that the winter session of Parliament will be held in the new building being built under the Narendra Modi government's ambitious Central Vista redevelopment project. Replying to a question on how
Tata Communications on Wednesday posted an increase of 83.63 per cent in consolidated profit to Rs 543.76 crore in the June quarter. The company had reported a profit of Rs 296.11 crore in the same period a year ago, it said in a regulatory filing. "We delivered profitable data revenue growth as a result of disciplined execution, portfolio enhancements and deeper customer engagements. We continue to closely monitor and overcome the OEM and Supply Chain challenges. "We are pleased with the healthy growth in the order booking and funnel additions across our portfolio, both in India and international markets," Tata Communications Managing Director and CEO A S Lakshminarayanan said in a statement. The consolidated income from operations of Tata Communications grew by 5 per cent to Rs 4,310.52 crore during the reported quarter from Rs 4,102.79 crore in the year-ago period. "We continue to maintain our focus on operational efficiencies and balance sheet hygiene which is reflected in our
Tata Consumer Products Ltd will continue to look for the right acquisition opportunities in different categories to fuel its growth, the company's chairman N Chandrasekaran said on Monday. Responding to shareholders' queries in the annual general meeting of the company, Chandrasekaran, who is also the chairman of Tata Sons -- the holding firm of the Tata group -- said TCPL (Tata Consumer Products Ltd) would focus on leveraging its product portfolio, expanding distribution and product innovation and entering new categories, while supporting both organic and inorganic growth opportunities in future. "We also believe in inorganic expansion and yes inorganic expansion is one of the key strategies for the company. The cash in the company will be used definitely for the right inorganic growth opportunities," he said. Replying to another query on whether there is going to be acquisition in the water segment, Chandrasekaran said, "Yes, we will continue to look for any expansion opportunitie
State-owned SJVN Ltd on Thursday inked a pact with Tata Power Solar Systems to build a 1,000 MW solar project worth Rs 5,500 crore in Bikaner, Rajasthan. "SJVN today entered into an EPC agreement for 1,000 MW solar project in Bikaner, Rajasthan with M/s Tata Power Solar Systems Ltd," a company statement said. The contract agreement was signed in the presence of Nand Lal Sharma, Chairman and Managing Director of SJVN by Chief General Manager (ECD), SJVN S K Sood, and Vepul Jain, Chief - Business Development, Tata Power Solar Systems Ltd. Sharma said this Rs 5,500 crore-EPC contract is the country's biggest solar contract awarded till date. The contract includes end-to-end delivery of commissioned solar plant to SJVN including arrangement of land on outright purchase basis, power evacuation system up to the ISTS (inter-state transmission system) sub station, and operation and maintenance of the solar PV plant for three years. SJVN had secured this 1,000 MW solar project through CPSU