Rail Vikas Nigam Limited Emerges as Lowest Bidder for East Coast Railway Project

Key Takeaways from RVNL's Selection as Lowest Bidder:

• Rail Vikas Nigam Limited (RVNL) has been named the Lowest Bidder (L1) by East Coast Railway for a major construction project.
• The total cost of the project is approximately ₹283.7 Crore, including GST.
• The project includes the construction of the third and fourth lines between Jarapada and Talcher Road and a new line between Angul and Balram, covering 14 kilometres (MCRL Inner Corridor Phase-I Doubling).
• The project is expected to be completed within 24 months, involving various tasks such as earthworks, bridge construction, railway linking, and more.

This project involves the third and fourth lines between Jarapada and Talcher Road, as well as the construction of a new line between Angul and Balram (MCRL Inner Corridor Phase-I Doubling of 14 kilometres).

The scope of work includes completing earthworks, building minor and major bridges, railway linking works, supplying ballast, constructing S&T buildings, and creating level crossings, among other tasks. The project is expected to be completed within 24 months.

About Rail Vikas Nigam Limited:

RVNL has a history of over two decades, beginning with the goal of improving infrastructure in Indian Railways through the rapid execution of projects. The company has completed more than 150 railway projects and has embraced new opportunities under the innovative Public-Private Partnership (PPP) model by establishing several Special Purpose Vehicles (SPVs). 

RVNL has expanded its focus from just railway projects to a broader range of infrastructure opportunities, now aiming to engage in various infrastructure projects both in India and internationally. The journey started in 2005, with a mission to enhance rail infrastructure quickly and secure additional funding for SPV projects. Over the years, RVNL has consistently received an Excellent rating from the Department of Public Enterprises.

Key Takeaways from Zydus Approval for Enzalutamide Tablets:

• Zydus Lifesciences Limited has received tentative approval from the USFDA to manufacture Enzalutamide Tablets in 40 mg and 80 mg.
• Enzalutamide is used to treat castration-resistant prostate cancer and metastatic castration-sensitive prostate cancer.
• The tablets will be produced at Zydus's facility in the Special Economic Zone (SEZ) in Ahmedabad.
• Enzalutamide tablets had annual sales of approximately USD 1.42 billion in the United States as of July 2024, and Zydus now has 400 total approvals.

The Enzalutamide tablets will be produced at Zydus's manufacturing facility in the Special Economic Zone (SEZ) in Ahmedabad. In the United States, Enzalutamide tablets generated annual sales of approximately USD 1.42 billion as of July 2024.

With this latest approval, Zydus now has a total of 400 approvals and has filed over 465 Abbreviated New Drug Applications (ANDAs) since starting the filing process in the fiscal year 2003-04.

About Zydus Lifesciences Limited:

Zydus Lifesciences Limited is a global healthcare company focused on helping people live healthier and more fulfilling lives. They discover, develop, manufacture, and market a variety of healthcare therapies, with a strong emphasis on cancer treatments that include cytotoxic, supportive, and targeted drugs. The company employs over 27,000 people worldwide, including 1,400 scientists in research and development. Their mission is to create innovative healthcare solutions that make a difference in people's lives and to achieve transformative discoveries.

Key Takeaways from PVR INOX Launch of Cinema Hall:

• PVR INOX has launched a new 5-screen cinema at Alveal Fun Savvy Mall in Coimbatore, marking its third location in the city.
• This opening increases PVR INOX's total screens in Tamil Nadu to 144 and in Coimbatore to 20.
• The cinema features 894 seats, a luxurious lobby, and a spacious layout designed for a premium movie experience.
• The auditoriums include comfortable seating, unique color themes, and advanced sound and projection systems, offering enhanced cinematic experiences.

Coimbatore, known as the "Manchester of South India" for its textile industry, is an important market for PVR INOX. The new cinema features 894 seats across five auditoriums, providing a modern and immersive movie-watching experience.

The cinema is designed with a luxurious feel, including a welcoming entrance lobby and a spacious layout. It features a central concession area with a stylish design and vibrant materials. 

Each auditorium has comfortable seating and unique color themes—red, gold, violet, and teal. Four auditoriums are equipped with advanced 3D technology and Dolby 7.1 sound, while one auditorium features DTS X sound for an exceptional audio experience.

Speaking on the launch, Ajay Bijli, Managing Director, PVR INOX Limited, said, “We are thrilled to expand our presence in Coimbatore and Tamil Nadu with the launch of our third cinema in the city. Our commitment to providing a world-class movie-going experience remains strong, and we are confident that this new cinema will enhance the entertainment options available to the people of Coimbatore. The cinema's modern design and state-of-the-art technology ensure that audiences can enjoy films in the most immersive and luxurious setting possible.” 

About PVR INOX Limited: 

PVR INOX Limited is India’s largest cinema company, operating 1,750 screens across 357 locations in 111 cities, including Sri Lanka. Since their beginnings, PVR and INOX have built well-known cinema brands with a history of important achievements in the industry. The merged company has changed the way people enjoy entertainment outside the home and provides various services, including child-friendly auditoriums, the latest screening technology, high-quality sound systems, diverse food and drink options, and a variety of film and non-film content in premium formats.

Key Takeaways from Birla Estates' Sales Success:

• Birla Trimaya Phase II – The Park sold nearly 95% of its inventory within 24 hours, achieving bookings worth approximately Rs 600 Crore.
• Combining sales from both Phase I and Phase II, the total booking value now stands at around Rs 1,100 Crore, with an expected revenue potential of Rs 3,000 Crore for the entire 52-acre project.
• The project, located on Shettigere Road in Devanahalli, North Bengaluru, offers a variety of residential choices, including apartments, row houses, and duplex homes.
• Birla Estates emphasizes consumer understanding and innovative design, with plans to strengthen its presence as a leading real estate company in India, focusing on sustainability and customer satisfaction.

This success follows the strong performance of Phase I, which secured approximately Rs 500 Crore in bookings in only 36 hours. The total booking value for both phases now stands at around Rs 1,100 Crore, with the entire 52-acre project expected to generate revenue potential of about Rs 3,000 Crore.

Located on Shettigere Road in Devanahalli, North Bengaluru, Birla Trimaya Phase II offers a range of living options, including apartments, row houses, and duplex homes. The project's strategic location and thoughtful design cater to the needs of homebuyers in the fast-growing real estate market of North Bengaluru.

K. T. Jithendran, MD & CEO of Birla Estates, said, “Our exceptional sell on both our phases of Birla Trimaya is a testament of our focus on consumer understanding and commitment to crafting quality spaces curated for their specific needs. Our focus on design differentiation and deep understand of the market has created this new benchmark. Bengaluru remains a key focus market in our growth plans.” 

M R Seetharam, designated partner of M S Ramaiah Realty LLP said, “Our collaboration with Birla Estates underscores our commitment to developing exceptional residences that enhance the quality of living for the residents of Bengaluru.” 

Birla Estates aims to establish itself as a top real estate company in India, focusing on sustainable development, customer satisfaction, and innovative design. The company is headquartered in Mumbai and has regional offices in NCR, Bengaluru, and Pune.

About Birla Estates Private Limited:

Birla Estates Private Limited is a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly known as Century Textiles and Industries Limited). In a short time, Birla Estates has become a preferred name in the real estate market. The company focuses on developing high-quality residential properties in important locations. Headquartered in Mumbai, Birla Estates has regional offices in NCR, Bengaluru, and Pune. It also owns two grade-A commercial buildings in Worli, Mumbai, offering around 600,000 square feet of leasable space.

Birla Estates acquires land through direct purchases and joint ventures, in addition to developing its own land. The company aims to create top-notch residential, commercial, and mixed-use properties and aspires to be one of the leading real estate companies in India. Its core values include sustainability, quality execution, customer focus, and thoughtful design.