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Stone India Ltd has informed BSE that the Company has received an order for design, maintenance, supply, installation and commissioning of 18 nos. Passenger Escalators valuing Rs. 939.60 lakhs from Western Railway on November 20, 2015.
Stone India Ltd has informed BSE that the Company has signed an Agreement with Shenyang Brilliant Elevator Group Co., Ltd., China, on December 15, 2015 for forming a Joint Venture Company to undertake the business of manufacture and sell of Elevators in India with their technology.
Stone India Ltd has informed that the Company has recently executed Consortium Agreement with NRT Co. of Korea to bid for Platform Screen Door Project for Kolkata East-West Metro. The Consortium will bid for other upcoming Metros in the country. Company is also working for retro-fitment of these Doors in other Metros where there has been incidence of suicides in the recent past.
Stone India Limited at its Board Meeting today cleared the proposal to get into Solar Power Projects through its recently created SPV, Stone Solar Private Limited. Stone Solar will set up a number of Solar Farms at rooftop locations and vacant lands. It has submitted its initial proposal of 1 MW plant at West Bengal for pre-registration under Jawaharlal Nehru National Solar Mission scheme. On a medium term, in addition to setting up of such solar projects, Stone Solar will venture into manufacturing of PV modules, Grid Connected Converters as well as consulting & execution of Turnkey Projects.