L&T wins order worth Rs 1635 crore from MPPGCL

Submitted by Narendra Jakhad on Mon, 11/09/2009 - 19:29

India's largest construction and engineering group Larsen and Toubro (L&T) has bagged an order worth Rs 1635 crore from Madhya Pradesh Power Generating Company Ltd (MPPGCL).

The scope of work includes designing, engineering, manufacturing of coal handling, ash handling plant and Shree Singaji (Malwa) thermal power plant in Khandwa district of Madhya Pradesh. The project will be funded by the Madhya Pradesh Government and PFC.

On commissioning, MPPGCL's 1,200-MW project would generate 28.8 million units to the grid everyday.

The stock of the company closed today at Rs 1600 on BSE. The counter had hit a 52-week high of Rs 1800 on 8 June 2009 and a 52-week low of Rs 557 on 9 March 2009.


Tagged with

Miscellaneous

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.

© Copyright 2010