OK Play India Limited announced that the company has received an order of Rs 32.70 crore from the government of Haryana.
OK Play India is a leading plastic molding company.
Under the proposed contract, the scope of work includes the supplying of water storage tanks for a value of Rs 32.70 Crores.
The order is applicable till March 31, 2009.
To further strengthen its business footprints, New Delhi-based company (OK Play India Limited) is eyeing to pump Rs 70 crore for constructing two facilities in Haryana and Tamil Nadu.
Universal Cables Ltd has entered into another massive expansion project by inducing Rs 90 crore.
This latest move by the company is in view of the growing demand in extra high voltage power cables.
The company will make medium-voltage and extra high-voltage cables in its existing Satna unit, in which it has recently completed Rs 63 crore investment.
The source close to the company say, “The project activities are in full swing and commencement of commercial production is expected in the third quarter of the next fiscal.”
The reports also revealed that Universal Cables Ltd has imported machines from China for the proposed expansion project.
Indiaco Ventures Ltd, a leading conglomerate deals in financial services, has announced that its technology division has inked a research and development and technology licensing deal with U.S.-based Aerospace Corporation.
California-based, Aerospace Corporation provides technical analyses for civil and commercial space ventures along with national security space programmes.
Last year in the month of May, Indiaco Ventures inked memorandum of understanding with Norway based Giertsen Group for identifying and transferring hi-end technologies of the Giertsen Group.