Efkon India, a subsidiary of the Austria-based Efkon Group, has recently received tolling and ITS contracts worth `430m. The first contract from Maruti Suzuki includes installing tracking boxes and backend solutions in 3,000 trucks. The second contract from Oriental Structural Engineers is for providing a complete ITS solution for the Nagpur Bypass project which includes Advanced Traffic Management System (ATMS) ...

Bangalore-based BEML, manufacturer of heavy equipment for the transport, mining and earth-moving sectors, has decided to split its rail business into a separate entity to better manage, and take advantage of, the high demand for rail rolling stock in the country. Of the company’s revenue of about `5000 crore for the 2010 fiscal year, `1300 crore was earned from its ...