Hindustan Construction Co. Ltd. (HCC) has announced that its JV with SEW Infrastructure and Megha Engineering & Infrastructure (MEIL) has received an order worth Rs 639 crore from Government of Andhra Pradesh, irrigation and CAD Department.
Under the proposed contract, the Joint Venture firms will build Barrage of around 3.5 km with Head Regulator across River Pranahita (PCLIS - Package-III) near Tummidi Hetti Village in Adilabad District of Andhra Pradesh.
Hindustan Construction Company (HCC) has informed that its board has approved raising Rs 100 crore, by issue of non-convertible debentures to Life Insurance Corp of India.
The Mumbai-based firm has reported a 12 percent fall in its net profit for first quarter ended June 2008. The decline in profit has been attributed to higher input costs and pressure on the margins.
Mumbai-based Supreme Infrastructure India Limited has secured two projects worth about Rs 30 crore from Mundra Port and Special Economics Zone (SEZ) Limited for infrastructure development related works.
The firm has received the orders worth Rs 19.58 crore and Rs 10.43 crore, respectively for mining, transportation and profiling of rocks, among others.
As per views of stock market experts, investors can purchase Punj Lloyd Limited stock above Rs 270, in order to achieve an intraday target of Rs 276.
The stop loss for the suggested counter is Rs 265. The stock pricing becomes more attractive, and reach above Rs 278, if the stock markets remain positive.
On Wednesday (July 23), the company’s shares closed at Rs 269.90 on BSE. The total volume of the shares traded was 1874343. Current EPS and P/E ratio stood at 7.30 and 35.58 respectively. The stock has also seen 52-week high of Rs 589.10 and low of Rs 183.20 on BSE.
Mumbai-based J Kumar Infraprojects Limited, a civil engineering and infrastructure development company, has received two orders worth Rs 53 crore from two different firms.
The company has bagged the first order worth Rs 20 crore from Mumbai Metropolitan Region Development Authority. The order includes construction of Sky Walk from: Kanjurmarg Station (East) to MMRDA Colony, from Virar Station (East), from Virar Station (West).
While, the second order worth Rs 33 crore has secured from Planning Cell, Engineering Services and Project Bldg for Augmentation of SWD system at Catchment No 117 BPT Colony, railway Yard and Training of Kharoo Creek Nalla.
Infrastructure firm Era Infra Engineering Ltd has received a contract worth Rs 30.98 crore from National Automotive Testing and R&D Infrastructure Project (NATRIP) for Construction of Buildings and associated works at Manesar.
NATRIP Implementation Society (NATIS) is an autonomous body, constituted by Ministry of Heavy Industries & Public Enterprises, Government of India to build internationally accredited automotive test facilities at seven locations across India with an estimated of Rs1718 crore.
The scope of work for the contract involves construction of buildings and associated works at Manesar.
The project is scheduled to be completed by August 2009.
IVRCL Infrastructures and Projects Limited informed that it has secured five new orders worth Rs 351.21 crore from various firms.
According to an official release, the first order worth Rs 98.36 crore for the building division has been secured from Andhra Pradesh Industrial Infrastructure Corporation for construction of research buildings complex and providing infrastructure facilities for IGCAEL at Pulivendula, Kadapa Districtrores.
The company has bagged second order worth Rs 79.50 crore from Bangalore Metropolitan Transport Corporation for construction of traffic and transit management centre under JNNURM scheme-package.
Delhi-based Era Infra Engineering has bagged a Rs 95.50 crore order from the state owned power equipment major Bharat Heavy Electricals (BHEL) for the 500 mw Tapi Thermal Power station in Gujarat.
The order includes carrying out civil, structural and architectural work at the main power block of the power station along with its auxiliaries and balance of plant (BoP) equipments. The thermal power project is being developed by the Gujarat State Electricity Corporation at Ukai in Tapi district.
Hyderabad-based Madhucon Projects, an infrastructure development firm, has secured an order worth Rs 989.50 crore for setting up a thermal power plant in Krishnapatnam South, Nellore District of Andhra Pradesh. The plant is of 2x135 MW capacity and the project is expected to be completed in 26 months.
Welspun Gujarat Stahl Rohren Limited (WGSRL), one of the leading pipe manufacturer, has bagged orders worth Rs 3000 crore from India as well as overseas companies.
However, Welspun Gujarat did not disclose names of companies from which it has secured orders.
With these orders, the current order book position of the company stands at Rs 7700 crore including the orders executed during the First Quarter, FY09.
The overseas orders are primarily from diversified markets including the American continent.
Unity Infraprojects Limited, a leading engineering and construction company with over two decades of experience in diverse areas of infrastructure development, has informed that its joint venture with Brahmaputra Infrastructure and Brahmaputra Consortium has secured an order worth Rs 135.70 crore for construction of Tezpur Medical College in Assam, from the PWD, Government of Assam.
The project is required to be executed within 24 months. The company holds 51% stake in the joint venture.
India's largest engineering and construction conglomerate, Larsen & Toubro (L&T) and its joint venture partner Japan's Mitsubishi Heavy Industries have secured Rs 1,557-crore order from Andhra Pradesh Power Development Co (APPDCL).
Under the deal, the company would build two supercritical turbines of 800 mw capacity, to be installed at Krishnapatnam power station in Andhra Pradesh
Based on super-critical technology, the proposed contract is country’s first contract which will be developed by a joint venture company christened L&T-MHI Turbine Generator.
Engineering and Construction Company, Punj Lloyd Ltd has informed that it has acquired strategic 74% stake in Technodyne International Ltd, Eastleigh, UK for an undisclosed amount.
Technodyne is a specialist engineering, design and consultancy company specializing in large scale cryogenic and high pressure tanks. With projects across the world, Technodyne carries out the basic design and detailed engineering for complete steel and steel plus concrete tanks including associated piping, instrumentation and electrical systems. The company also has track record in designing of test rigs.
Punj Lloyd has recorded a net profit of Rs 129.71 crore for the fourth quarter ended March 31, 2008 as compared with Rs 23.18 crore in the same quarter in 2007.
In order to strengthen capacities at its growth centres, Larsen & Toubro (L&T), engineering and construction major, has decided to invest Rs 2,500 crore during the existing fiscal (2008-09).
The money will be spent in augmenting the existing facilities across all locations and for establishing a ship-building yard in Tamil Nadu.
L&T, India's top engineering and construction firm, has posted better-than-expected 38 percent rise in quarterly net profit.
The company reported a net profit of Rs 967 crore ($226 million) in the fiscal fourth quarter to end-March, compared to Rs 701 crore reported a year ago. The Q4 net sales were up at Rs 8467 from Rs 6248 crore.
For the year ended 31st March, 2008, the group reported a consolidated net profit of Rs 2,325.36 crore, a marginal growth over the year-ago period. The firm had a net profit of Rs 2,240.14 crore in FY'07.
Maytas Infra Ltd, a Hyderabad based construction and infrastructure development company, has secured an engineering, procurement and construction (EPC) contract worth Rs 650 crore for the country's first washery reject coal-based power plant of 120 megawatt (MW) capacity.
The project is also the first to run exclusively on Washery Reject Coal Fuel.
This power plant contract has been entrusted to Maytas Infra Ltd by Gupta
SREI Sahaj e-Village, a division of SREI Infrastructure Finance Ltd, has decided to invest Rs 10 billion on rural IT infrastructure.
The project includes the establishment of 25,000 common service centers (CSCs) across six states comprising West Bengal, Bihar, Orissa, Assam, Uttar Pradesh and Tamil Nadu.
The CSCs would connect the rustic regions with the whole world and offer up all necessary services demanded by them.
Pune-headquartered B&R India, after its success in industrial automation in the industries like plastics, pharmaceutical, food packaging and printing, is all set to enter the infrastructure automation segment with a special focus on railway systems, water treatment and power distribution management.
The company plans to enter infrastructure automation with system integrators, who will use B&R products to set up automation systems for infrastructure projects and firms.
B&R Industrial Automation Pvt. Ltd. is a wholly owned subsidiary of Austrian Multinational Bernecker & Rainer Industrie-Elektronik GmbH., an industrial automation provider in the world.
Era Infra Engineering Ltd, the flagship company of Era Group, has secured a contract worth Rs 32 crore from Sahara India Commercial Corporation Ltd., for the construction of independent houses and bituminous road at Sahara City Homes, Jaipur.
Era Infra Engineering Limited operates as an integrated infrastructure construction company in India. It develops and constructs highways, railways, airports, power and industrial projects, institutions and universities, and residential and commercial complexes.
Construction firm GMR Infrastructure Limited (GIL) has informed that its board of directors at a meeting has approved the proposal of amalgamation of GMR Aviation (P) with the company.
The company will widen the objects clause of Memorandum of Association by including the aviation and other businesses, an official release stated.
GMR Infrastructure Ltd (GIL) has four principal business verticals namely, Airports, Energy, Highways and Urban Infrastructure. These are administered through Special Purpose Vehicles for the operations and management of various infrastructure projects.
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