Hyderabad-Based Lanco Infratech Limited has informed that the company has bagged a Letter of Intent (LoA) from Kerala Government, for Vizhinjam international transshipment terminal port project work. 

The Project was awarded to the Consortium of LANCO and Pembinan Redzai Sdn Bhd of Malaysia after the Government of India formally granted the security clearance to the Consortium earlier this month. 

Larsen and Toubro (L&T), India's largest engineering and construction conglomerate, has notified that its newly formed Buildings & Factories Operating Company, which is a part of its Construction Vertical has bagged several large-value orders aggregating to around Rs 5000 crore in the second quarter of 2008-09.

The scope of work involves construction of a slew of institutional, commercial, residential and factory buildings.

Kernex Microsystems India Ltd has informed that it has won a bid for a contract, which is valued at US$ 16.05 million from an Egypt-based firm.

In the month of May, the company participated as prime bidder in a bid for execution of 136 Level Crossing developments for Egyptian National Railways (ENR).

The company received a communication from its local representative in Egypt, reporting that Kernex has won the bid. However on receiving the official intimation from ENR, the contract will be signed.

All local infrastructure companies would be allowed to borrow international funds and spend those funds in India. The finance ministry has recommended five fold increases in international funds from $100 million to $500 million. The companies which are working in infrastructure activities such as roads, ports, power plants, telecom infrastructure building activities can avail the opportunity for their respective business expansion. The government has fixed a minimum average maturity of 7 years for funds above $100 million.

Hyderabad-based Maytas Infra Ltd has secured two orders worth Rs 480.67 crore for electrification of Beed and Nanded districts of Lathur Zone, and Ahmednagar district of Nashik Zone from MSEDCL under ‘Infrastructure Development Plan’.

The company has bagged first order worth Rs 214.77 crore, from MSEDCL under Mahavitaran, Infra Plan in Beed & Nanded Districts of Lathur Zone.

While, the second order, valued at Rs 265.9 crore has been picked from MSEDCL under Mahavitaran, Infra Plan in Ahmed Nagar District of Nasik Zone.