World’s top engineering, construction and services company, Era Infra Engineering has revealed that it has secured a contract for upgradation of I.M.S. under PMSSY at BHU, Varanasi by Central Public Works Department (CPWD).

According to the sources, the conglomerate has bagged the proposed pact at an investment of Rs 525.5 million approximately.

Era Infra Engineering participates in broadened construction activities for airports, power projects, infrastructure, institutional and industrial complexes, multiplexes and residential buildings.

Stock market analysts have maintained ‘buy’ rating on Bharat Earth Movers Limited (BEML) stock with an intraday target of Rs 792.

According to them, interested traders can purchase the stock above Rs 785 with a strict stop loss of Rs 780. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 794.
 

India’s public sector company, Bharat Heavy Electricals is planning to invest INR 1,400 crore to increase its power equipment capacity. It would build a manufacturing facility for castings and forgings as per its planning.

The state run company has already formed a joint venture with Heavy Engineering Corporation to meet technical needs. The CMD of BHEL; Mr K Ravi Kumar explained the planes of company for the next fiscal.

Karvy Stock Broking Limited has maintained ‘buy’ rating on Larsen and Toubro Limited (L&T) stock with an intraday target of Rs 2660.

According to Karvy, interested traders can purchase the stock above Rs 2615 with a strict stop loss of Rs 2590. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 2667.
 

The Mumbai-based Petron Engineering Construction has informed that it has received a Letter of Intent from Utility Energytech and Engineers Pvt Ltd for a Rs 64-crore thermal power project in West Bengal.

The firm received the letter of intent from Utility Energytech and Engineers, an associate company of Reliance Energy Ltd, for erecting boilers for the 1,200 MW Ragunathpur Thermal Power Project.

Stock market analyst Hitendra Vasudeo of stockmechanics.com has maintained ‘buy’ rating on Larsen & Toubro stock with an intraday target of Rs 2735.

According to Mr. Vasudeo, interested traders can purchase the stock above Rs 2715 with a strict stop loss of Rs 2695. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 2747.4.
 
Shares of the company, on Tuesday (Aug 19), closed at Rs 2674.45 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 340810. Current EPS & P/E ratio stood at 78.62 and 34.52 respectively. The share price has seen a 52-week high of Rs 4670 and a low of Rs 2100 on BSE.