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New Delhi, Sept 24: A Memorandum of Understanding (MoU) has been signed between Management Training Institute (MTI), the Corporate Training centre of Steel Authority of India Limited (SAIL) and Indian Institute of Management (IIM), Ahmedabad here today.

The MoU was signed to meet the challenges of Human Resource Development keeping in view its ongoing modernisation and expansion programme.

Mumbai: Leading Textiles maker Alok Industries Ltd is all set to invest Rs 150 crore to open 500 new stores by the 2010.

Speaking to mediapersons here on friday, Alok Industries Vice President (Domestic Business) Umang Garg said, “We plan to invest Rs 150 crore over the next three years to expand our retail store network under the brand `H&A'. Presently, we have 35 stores--we intend to scale up our presence to 500 stores by 2010.”

With an eye on property and people costs, the company is focusing its strategy in Tier II and III cities. 

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.

Punj Lloyd Upstream Ltd, a subsidiary of Indian engineering, procurement and construction major Punj Lloyd Ltd, has informed that it has received a Letter of Intent (LoI) from Waha Oil Company, Libya.

Under the arrangement, the company will execute a contract, which is valued at approx US$ 42 million, for drilling exploratory wells in the Gialo oilfield of the prolific Sirte Basin.

Waha Oil Co. is a joint venture between State-owned National Oil Company, Conoco Philips, Amerada Hess Corp. and Marathon Corp, which is the second largest crude oil producer in Libya.

Noida-based Roto Pumps Ltd has secured an order worth Rs 3.6 crore from Larsen & Toubro Ltd, for Rajasthan Northern Area Development Project of Cairn Energy India Pvt. Ltd.

The company claims that the latest order is the single largest value order in the history of the Roto Pumps, which it has picked amidst stiff International competition.

According to the company, Larsen & Toubro Ltd is the contractor for this project and the project is certified for deemed export benefits.