Rail Vikas Nigam, NALCO and Welspun Corp to see some action today
Gravita India has increased capacity of its existing recycling unit situated at Mundra, Gujarat
Rail Vikas Nigam (RVNL) has received Letter of Acceptance (LOA) from National Mineral Development Corporation (NMDC) for Development of Township in Kirandul, Chhattisgarh. The project cost is Rs 371.69 crore (Incl. all taxes). The said order is to be executed in 21 months.
National Aluminium Company (NALCO) has launched a new IA91 Grade Aluminium alloy ingot. IA91 is a high-performance, silicon-based casting alloy engineered to deliver an optimal balance of castability, mechanical strength, and corrosion resistance. Designed for advanced casting applications, it is ideally suited to gravity die casting and low-pressure die casting, with primary applications in the automotive, electrical and power equipment, industrial sectors, and foundries.
Welspun Corp has incorporated Wholly Owned Subsidiary (WOS) in the name of Welspun International FZCO (WIFZCO) in Dubai Multi Commodities Centre (DMCC), UAE. WIFZCO will handle global marketing for all our products and also carry out the business of trading of any of the products and raw materials in which the parent company and its subsidiaries transacts.
ACME Solar Holdings (ASHL), through its subsidiary i.e. ACME Suryodaya, has commissioned the first phase of 19 MW/38 MWh out of 285 MW/600 MWh capacity of Battery Energy Storage System (BESS) Project located at Village: Sanwara and Mehar Nagar, Tehsil-Pokhran, Dist: Jaisalmer, Rajasthan. This project will currently be deployed as a merchant capacity while ASHL retains flexibility to shift to a long term PPA in future. The Commercial operation date (COD) for the above-mentioned Phase–I shall be February 27, 2026.
XTGlobal Infotech’s U.S. subsidiary -- XTGlobal Inc. has bagged order from the Texas Department of Transportation (TxDOT) for Al Enablement for Engineering Services. The scope of the order includes development and implementation of Al-enabled engineering services through milestone-based deliverables under a six-month Program Increment. The Work Order is for a six-month Program Increment commencing March 16, 2026 and concluding on September 30, 2026. The maximum amount payable under the Work Order is $796,900.
Gravita India has increased capacity of its existing recycling unit situated at Mundra, Gujarat (Facility). The existing capacity of said unit for Lead recycling has been increased by 80,300 MTPA and as on date after the expansion the total capacity of this unit for Lead recycling will be 1,45,100 MTPA. The company has made an investment of around Rs 49 crore for procurement and commissioning of the said recycling plant which is invested from internal accruals of the company.
Zydus Lifesciences is planning to launch Semaglutide Injection under the brand names - SEMAGLYN, MASHEMA and ALTERME, upon Semaglutide patent expiry in India. The Drug Controller General of India (DCGI) had earlier provided its approval for manufacturing and marketing Semaglutide injection for the treatment of Type 2 Diabetes Mellitus and Obesity. A critical differentiator of Zydus’ Semaglutide offering will be its novel, indigenously developed drugdelivery system. Unlike existing treatments that require patients to purchase multiple single-dose pens as they titrate their dosage, Zydus plans to introduce an innovative, adjustable single-pen device.

