Breaking Corporate Events, Analysed in Real Time

Garuda Construction Subsidiary Signs MoU for ₹1,800 Crore Jeddah Tower Project

Dream City Builders, a wholly owned subsidiary of Garuda Construction and Engineering Ltd, has signed a Memorandum of Understanding with Saudi-based Almasarat Company Limited. The partnership involves the EPC development of a landmark 93-storey twisting tower in Jeddah, estimated to generate potential revenue of ₹1,800 crore over five years.

GE Power India Bags ₹550 Crore Fuel Conversion Contract in Saudi Arabia

GE Power India Limited has secured an international contract valued at approximately ₹550 crore for the Shoaiba Fuel Conversion Project in Saudi Arabia. The mandate, awarded by Dar Al Balad for Contracting and Operations Company Ltd., involves extensive boiler modifications and technical services.