In a stock exchange filing, Gail (India) said that the company and SEFE Marketing & Trading Singapore Pte.Ltd.have entered into a settlement agreement, wherein SEFE Marketing would pay $285 million to Gail (India) and withdraw all arbitration proceedings before the London Court of International Arbitration.
Sequentially the topline may increase by 0.7 per cent compared to Rs 40,986 crore in Q3FY25.
After approving the financing of 20 BOBR rakes, procured under General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways, to NTPC for up to Rs 700 crore in October 2024, IRFC's Board, on Wednesday, signed a lease agreement with NTPC Ltd for 8 BOBR rakes, amounting to Rs 250 crore in the first phase.
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