Company News

BGR Energy wins order worth Rs 15.50 crore

BGR Energy Systems LimitedBGR Energy Systems Limited, a leading energy equipment supplier, has won an order worth Rs 15.50 crore from Maithon Power Limited, Jharkhand for Design, Engineering, Supply, Erection and Commissioning.

The company has secured latest contract for the 2 x 525 MW Coal-based Power Plant, which is being developed by Maithon Power Limited.

Maithon Power Limited is a Joint Venture Company of Tata Power and Damodar Valley Corporation (DVC).

Global Vectra to pump $130 million in next two years

Global Vectra HelicoptersGlobal Vectra Helicopters, part of the $800-million Vectra Group, is presently looking at the option to make an investment of $130 million over the next two years to enhance its fleet size as well as consolidate its operations.

Moreover, the company is also looking at the possible option to raise funds, which it will use to increase its fleet strength by 14 helicopters to 45 in two years.

The company intends to focus more on off-shore activities which are basically non-oil and gas.

Adani Power approaches SEBI with revised draft papers for IPO

Adani Power approaches SEBI with revised draft papers for IPO With its first attempt to come out with an initial public offer (IPO) last May being ruined because of difficult market conditions, Adani Power Ltd has again approached the market regulator SEBI with its revised IPO proposal. The company projects proceeds over Rs 2,000 crore from the public issue.

Hamdard intends to become Rs 500 crore company by 2010-11

Hamdard intends to become Rs 500 crore company by 2010-11India's leading Health & Wellness Company Hamdard is aiming to increase its product portfolio as the company targets to become a Rs 500-crore company by 2010-11.

The company, which produces brands like Rooh Afja, Rogan Badam and Safi, has around 600 formulations in the market under the three segments of OTC, consumer and traditional.

MindTree inks strategic alliance with Skytap Inc.

MindTree inks strategic alliance with Skytap Inc.MindTree Limited, a Rs 800-crore software and R&D services company, has entered into a global strategic alliance with Skytap Inc, a leading provider of cloud-based virtual lab solutions.

According to company officials, the partnership enables MindTree's customers to scale test labs on-demand through Skytap's virtual lab solution, resulting in reduced IT costs, accelerated lab provisioning, and effective collaboration among global teams.

Skytap provides testing teams with a complete virtual lab solution over the Web.

ItzCash Card inks pact with Seventymm for online payment

ItzCash Card inks pact with Seventymm for online paymentItzCash Card, India's first multipurpose pre-paid cash card, has entered into an alliance with Seventymm to facilitate the online payment of movie rental services.

Both partners believe that latest service will bring in convenience to the viewers to register and rent movies in various languages from the comfort of their home.

Under the facility, viewers are given the option of renting the movies from an exhaustive collection of 20,000 movies by using ItzCash Card.