Engineering Sector

Patel Engg Receives Rs 696 Cr Order For Krishna Delta System

Patel Engineering Ltd, a leading civil-infrastructure construction conglomerate, has Patel Engg Receives Rs 696 Cr Order For Krishna Delta Systeminformed that it has secured order worth Rs 695.57 crore from the Andhra Pradesh State Government for the modernization of the Krishna Delta System. 

According to the sources, the project will execute massive modernization programme of the major river delta systems to enhance irrigation potential along the development of Bantumilli Canal, Polarj Canal, Campbell Canal, Dosapadu Channel, Kunderu Channel, East Bank Canal, Gudivada Channel and their distributaries. 

BHEL, IL&FS Will Soon Ink MoU

Bharat Heavy Electricals (BHEL) has informed that the company is in talks with Infrastructure Leasing & Financial Services (IL&FS) for financing its overseas operations.

According to the sources, the two conglomerates will soon enter into a memorandum of understanding (MoU), under which IL&FS will offer the financial packages for BHEL`s international project.

With the view to diversify its business footprints in the international business arena, the public sector unit, is eyeing to make its entry in West Asia, Europe and Africa.

The stock analysts have suggested traders to stay invested in BHEL for long term gains. 

Patel Engg Bags Rs 6.96 Bn Order

Patel Engineering has received an order valued at Rs 6.96 billion from Andhra Patel Engg Bags Rs 6.96 Bn Order Pradesh State Government for up gradation of Krishna Delta System.

The scope of order includes massive modernization plan of the major river delta systems to enhance irrigation prospective along different canals, channels and their distributaries on EPC Turn Key Basis. 

The project is likely to be finished in next 36 months.

Moreover, the company is close to purchasing a mid-sized coal mine in Indonesia for about Rs 1 billion.

Era Infra Secures Rs 123 Cr Order From CPWD

World’s top leading infrastructure firm, Era Infra Engineering has revealed that the company has bagged two orders, worth Rs 123 crore, from Central Public Works Department for construction related work.

According to the sources, the first order of Rs 70.75 crore has been secured for up-gradation and construction of shooting ranges, armoury building, development of civil and electrical complex and renovation at Karni Singh Shooting Range in the national capital, where events for the Commonwealth Games 2010 would be held
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BHEL To Increase Manufacturing Capacity To 20,000 MW

Bharat Heavy Electricals has revealed that the company, in the coming three fiscals, will enhance its manufacturing capacity to 20,000 MW from the current 10,000 MW.

According to the sources, the company expects to reach the 15,000 MW manufacturing capacity mark by this year-end.

While commenting on the plan,  Mr. K Ravi Kumar, CMD, BHEL said, “Attention is also being given to rebuild and retrofit existing facilities to enhance their life, accuracy and productivity through additional investment.”

The sources also disclosed that the company has inked MoU with Tamil Nadu Electricity Board for forming a joint venture to build a 2x800 MW supercritical thermal power project.

Shriram EPC wins 2 Orders Worth Rs 809.7 Mn

Shriram EPC has revealed that the company has secured two orders with combined Shriram EPC wins 2 Orders Worth Rs 809.7 Mn worth of Rs. 809.7 million from Rashtriya Ispat Nigam for its Visakhapatnam Steel Plant.

According to the sources, the first order will execute design, manufacture, supply of indigenous plant and machinery and equipment for the Special Bar Mill (SBM). Whereas, the second order carry out storage, handling, erection, testing, commissioning and PG tests for the SBM.

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