Tag Archives: Bombay stock exchange

Notice to Reliance Power for Tilaiya coal block delay

NEW DELHI: The coal ministry has issued a show-cause notice to Anil Ambani-led Reliance Power, seeking an explanation on the delay in development of coal blocks attached to the abandoned Tilaiya ultra mega power project (UMPP). The ministry has asked … Continue reading

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Challenging times ahead, but will meet 2011-12 forecast for revenue, order growth and margin: L&T

MUMBAI: Larsen & Toubro sees challenging times ahead but is confident of meeting its 2011-12 forecast for revenue, order growth and margin, said the $11.7 billion-engineering conglomerate on Monday. “There is a lot of volatility in the market, decision making … Continue reading

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Engineering and construction company L&T confident of meeting target; Q3 net rises 13%

MUMBAI: Engineering and construction company Larsen & Toubro is confident of meeting its target of new orders worth 80,000-85,000 crore in the current fiscal, its chief financial officer has said. “Notwithstanding the skepticism on our guidance that has existed through … Continue reading

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BGR Energy Systems signs $246 million contract with Iraq government

DUBAI: BGR Energy Systems Ltd has signed a contract for engineering, procurement and construction ( EPC ) of 4×125 MW gas-based power project at Nasiriya with the Ministry of Electricity (MoE), Iraq. The contract is valued at $246 million and … Continue reading

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Larsen & Toubro misses estimates, net profit drops by 7 per cent

MUMBAI: Persistent slowdown in infrastructure projects, high costs and rising interest burden dented the profits of the so far resilient engineering major Larsen & Toubro, which reported a 7% year-on-year decline in net profit at 1,788 crore in the fourth … Continue reading

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L&T exits Gujarat Kachchigarh port project on environmental concerns

MUMBAI: Larsen & Toubro has exited the project to develop a port at Kachchigarh in the state of Gujarat citing environmental concerns, the company informed the bourses Friday. The engineering major had bagged the project to build-own-operate-transfer the port in … Continue reading

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EMC plans Rs. 100-crore equity infusion into McNally Bharat

KOLKATA:Mumbai-based engineering company EMC Ltd has decided to scale up its holding in McNally Bharat Engineering , part of the Khaitans-controlled Williamson Magor Group, by 17.14 percentage points to nearly 30%. The service provider for power transmission and distribution firm … Continue reading

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RPP Infra Projects launches subsidiary in Sri Lanka

MUMBAI: RPP Infra Projects on Monday said it has launched a new venture in Sri Lanka, known as RPP Infra Projects (Lanka) Ltd, to execute a recently won housing project for internally displaced people (IPDs) in the country. This project … Continue reading

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Madhucon bags Rs 200 crore work order from SSNNL

AHMEDABAD: Listed Infrastructure development company Madhucon Projects has bagged work orders worth over Rs 200 crore from Sardar Sarovar Narmada Nigam Ltd for constructing minor branch canals in Gujarat, the Bombay Stock Exchange was informed on Friday. The company will … Continue reading

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IRB Infrastructure to seek Rs 70 crore compensation from NHAI

MUMBAI: IRB Infrastructure Developers plans to claim a compensation of around Rs 60-70 crore from the National Highway Authority of India for terminating its contract for a Goa road project after the latter could not acquire land for it. Road … Continue reading

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