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"The scope of the project involves complete engineering, supply installation and commissioning of towers, conductors, insulators and fittings”, stated Larsen & Toubro in a release, on Tuesday, while notifying about a Rs. 1,366 crore order from Gulf region for construction of transmission lines and substations.

The engineering and construction giant has anticipated accomplishing the project in two years and revealed about other two engineering, procurement and construction (EPC) orders, toting up Rs 497 crore.

Yesterday, the Reserve Bank of India has fixed the reference rates the US dollar as well as for euro at Rs 44.91 and Rs 64.48, respectively, against Rs 44.99 per dollar and Rs 64.01 per euro. During a press release, the bank has notified the exchange rates for pound and yen against the rupee at Rs 72.8957 per pound and Rs 56.00 per 100 yen.

On Tuesday, a renowned company for operations and business support systems (OSS/BSS) for communications service, Subex Ltd., has revealed that it has been chosen to provide its Revenue Operations Centre (ROC) for Fraud Management and Revenue Assurance for a Middle Eastern mobile operator.

The Pohang Iron and Steel Company’s project, also known as POSCO has been adjourned by the Orissa government due to the objection shown by the local personnel and the heavy rains.

The POSCO has proposed US$12bn steel plant in the state. Since past six years, this proposal by the South Korea's POSCO, the world's third-biggest steelmaker company has been in theory and the villagers protest is again a setback for the company. The contract of the project was signed in 2005 and the project was facing a lot of examination. However, the Environment Ministry in New Delhi has given it a clean chit.

Mumbai based Network Company GTL‘s shares dropped by 62% and the GTL Infrastructures’ share dropped by 43% due to the talk of the town of the company’s helplessness in repayment of loan and selling of its shares.

According to the news, it was found out that the Bombay Stock Exchange has wiped off its day’s gains at the pre-close session due to the mixed trend.

Today, at 3.00 p. m., the Sensex was up 39.26 points or 0.22% at 17,545.89 and the Nifty up 11.85 points or 0.23% at 5,269.75.

During this session, the volume toppers were SBI, RIL, Tata Motors, Tata Steel and ICICI Bank whereas the major Sensex gainers were RIL, TCS, HDFC, Hero Honda, Bharti Airtel, HDFC Bank and Infosys. SBI, L&T and ICICI Bank were the major losers.