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Business Economy


Walchandnagar Industries bags Rs 77.20 crore order from ISRO

Walchandnagar Industries bags Rs 77.20 crore order from ISRO

Mumbai, Sep 12 (UNI) Walchandnagar Industries Ltd (WIL) said that company has secured an order worth Rs 77.20 crore plus escalation from the Vikram Sarabhai Space Centre of ISRO located at Thiruvananthapuram.

The order is towards manufacturing and supply of Head, Middle and Nozzle End segments (total 30 nos) for the GSLV M KIII launch vehicle. It is WIL's second largest single order from ISRO and the largest as far asthe GSLV-M KIII launch vehicle is concerned.

Receipt of this order is a significant milestone for the Aerospace business of WIL as it contributes to a strong order book in this strategic segment, company said in a filing with the BSE.

WIL has been a strategic partner to ISRO since the 1970s and has supplied critical launch vehicle hardware for all its programs (SLV, ASLV, PSLV, GSLV, and GSLV-M KIII), including the latest Chandrayaan-2 mission.

Receipt of this order is a testimony to WIL's technical expertise and niche manufacturing capability.

UNI JS SV 1324

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S African delegations calls on Telangana Minister

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Maangalya launches its 7th shopping mall in Telangana

19 Sep 2019 | 9:48 PM

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No stressed MSME will be declared NPA uptil March 31, 2020: FM

19 Sep 2019 | 9:13 PM

New Delhi, Sep 19 (UNI) Announcing a slew of measures to tackle the economic crisis post bank mergers, Union Finance Minister Nirmala Sitharaman said on Thursday that stressed MSMEs will not be declared as non-performing assets (NPAs) till March 31 next year.

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IKEA celebrates Better Sleep Festival ; unveils 6 dimensions

19 Sep 2019 | 7:24 PM

Hyderabad, Sep 19 (UNI) IKEA, the world’s leading multi-channel home furnishings retailer celebrated the Better Sleep Festival at a store here on Thursday to encourage people to value their sleeping life as much as their waking life by helping people to sleep better.

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Petrol, diesel prices witness steep rise

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19 Sep 2019 | 6:19 PM

New Delhi, Sep 19 (UNI) Petrol and diesel prices in the country rose sharply for the third consecutive day to a more than one-and-a-half months high due to the rise in crude oil prices in the international market.

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