Tata Nano to be launched on March 23 2009

• Author: Lalitha
• Filed under: Auto, Bank
• Date: Feb 27,2009

Tata Motors informed the market that the much awaited car of the Year “Tata Nano” will be launched on March 23 .They also confirmed that it will be available for booking from April Month.
From first week of April the car will be available on display in the Dealerships and bookings may start from second week of April.The total amount for booking and what is the booking process will also be announced on march 23rd 2009.The booking money is likely to be between Rs 50,000 and Rs 70,000. As we already know that SBI has put a deal with Tata Motors for being Sole Booking agent for Tata Nano.

KEC International bags order worth 227 crore from PGCI

• Author: Lalitha
• Filed under: Results
• Date: Feb 27,2009

KEC International has informed the market that it has bagged two orders worth Rs 227 crore from Power Grid Corporation of India.
Order Details

>One order valued at Rs 124 crore for supply and construction of 765-kilovolt (KV) transmission line in Madhya Pradesh and Maharashtra. Execution to be done by February 2011.
>Second Order valued at Rs 103 crore secured for supply and construction of 765- KV transmission line in Punjab and Haryana.Execution to be done by May 2011.

Larsen Toubro Bags order worth 1162 Crore

• Author: Lalitha
• Filed under: cement, Infrastructure, order_news
• Date: Feb 27,2009

Larsen Toubro informed the market that they have bagged orders worth 1162 crore.
Order Details

>First order worth Rs 605 crore was bagged from Andhra Pradesh Rajiv Swagruha Corporation for construction of a township comprising 3517 flats at Bachupally in Hyderabad. Execution time for the project is 2 years.
>Second order valued at Rs 557 crore bagged from two major players for the construction of cement plants and other strategic factory buildings.

Inflation at 3.36 percent – It is going down

• Author: Lalitha
• Filed under: Inflation
• Date: Feb 26,2009

Inflation data was released today and the wholesale price index rose 3.36 percent for the year through 14 February 2009 which is much lower than previous week’s annual rise of 3.92 percent.Thats good news but i dont see the rice prices going down .:(

Petron Engineering Construction receives order worth 72.55 crore

• Author: Lalitha
• Filed under: Engineering, order_news
• Date: Feb 26,2009

Petron Engineering Construction Ltd has informed the market that the Company have received following two orders from HPCL – Mittal Energy Ltd (HMEL), Bathinda (Punjab):
Order info

>Order for DHDT Heater Package for Guru Gobind Singh Refinery Project of HMEL, Bathinda,Contract Value : Rs 29.30 Crores
>Order for NHT CCR Heater Package for Guru Gobind Singh Refinery Project of HMEL, Bathinda,Contract Value : Rs 43.25 Crores

Everest Kanto Cylinder receives order worth 65 crore

• Author: Lalitha
• Filed under: order_news
• Date: Feb 26,2009

Everest Kanto Cylinder Ltd has informed the market that they have received 2 order totalling almost 15 million US dollar.
>First order was received by its Cp Industries Holdings, Inc., (“CPI”) step down wholly owned subsidiary of the Company in USA totaling USD 5.8 Million from National Oilwell Varco, Rig Solutions Group.
>And another order has also been received for supply of large pressure vessels for an additional USD 7.2 Million.

Hindustan Dorr Oliver bags order worth 441 crore from UCIL

• Author: Lalitha
• Filed under: india, Nuclear Deal, order_news
• Date: Feb 25,2009

Hindustan Dorr Oliver hit upper circuit of 20 percent today after the company informed the market that have bagged a prestigious order for Uranium Ore Processing Plant from Uranium Corporation of India Ltd (UCIL) worth Rs 441 crores for their Greenfiled Ore Mining and Processing facility of capacity 3000 MTPD coming up at Tumalapalle in Andhra Pradesh on LSTK basis.
Execution Time:
Execution of the above project shall be completed within a period of twenty two months.

Suzlon Energy bags order from Australia

• Author: Lalitha
• Filed under: order_news, Power Sector
• Date: Feb 25,2009

Suzlon Energy infromed the market that its step-down wholly owned subsidiary Suzlon Energy Australia has bagged order from AGL Energy.The order detail is to supply 54 units of Suzlon’s S88-2.1 MW wind turbine generators translating to 113.4 MW capacity in Australia in 2009.On another noter we already know that REpower Systems, a German unit of Suzlon Energy had on 17 February 2009, has received the largest ever order for offshore wind turbines from RWE of Germany. The order is valued at 2 billion euros.

BGR Energy bags order worth 42.5 crore from IRAQ

• Author: Lalitha
• Filed under: Oil
• Date: Feb 24,2009

BGR Energy infromed the market that the company’s oil and gas equipment division has secured a contract worth $8.57 million from State Company of Oil Projects (SCOP) of Iraq for supply of 14 floating and fixed-roof steel storage tanks.
Execution time:The order has to be executed within 12 months.

BHEL bags order worth 3150 Crore

• Author: Lalitha
• Filed under: order_news, Power Sector
• Date: Feb 24,2009

BHEL has informed the market that it has bagged an order worth Rs 3150 crore from Madhya Pradesh Power Generating Company (MPPGCL) for installing two sets of 600 megawatt (MW) of steam turbines, generators, boilers and associated auxiliaries in the main plant package at the upcoming Malwa thermal power project (TPP) in Madhya Pradesh.
Execution time
>First set is to be executed by 39 months
>Second set will be commissioned in 43 months from the date of commencement.

Larsen & Toubro bags order worth 1438 crore

• Author: Lalitha
• Filed under: order_news
• Date: Feb 24,2009

Larsen & Toubro Ltd (L&T) has informed the market that they have won a order worth Rs 1438 Cr .Its 3 orders totally worth rs 1438 crore.
Order info:
>First order is valued at Rs 800 crore bagged from the AI Ain Distribution Company for the construction of seven electrical substations in Abu Dhabi. The execution time is within 24 months.
>Second order is valued at Rs 330 crore from again Abudhabi Distribution Company for augmentation and expansion of 33-kilovolt (KV) power transmission network.
>Third order is national which is valued at Rs 308 crore from West Bengal State Electricity Distribution Company for rural electrification work in the state.
Finally the Stock recovered from the 52 week low.

Dow Jones down to 11 Year low

• Author: Lalitha
• Filed under: Results, Stock Market Crash, World Market
• Date: Feb 24,2009

Yesterday night when i went to bed i watched the US market was in red and i was thinking there would some good news on the banking side and it will come back to green and today morning a wake up and see that it is was still in deep red.
>Dow and S&P 500 wend down to level that was in 1997 the year i was dreaming about to go to America its almost to 12 years low.

>Dow Jones lost almost 250 points, or 3.4 percent, ending almost to the same point it was on May 7, 1997.
>S&P 500 (SPX) index lost 26 points, or 3.5 percent, ending at the lowest point since April 11, 1997.
>Nasdaq composite (COMP) lost 53 points, or 3.7 percent . This is the only index which was better than everything else and its just at its lowest points since Nov. 20, 2008.

What Moved the Market

>Reports indicate government may increase stake in Citigroup; helping keep financials in focus
>Government lines up loans in case automakers need bankruptcy financing

Market Closed Today

• Author: Lalitha
• Filed under: BseIndia, india
• Date: Feb 23,2009

Market closed for Mahashivratri on 23rd February 2009 (Monday).

ABB Results – Announces Yearly and QTR Results

• Author: kalyan
• Filed under: Results
• Date: Feb 20,2009

ABB Net Profit rose 6.82 Percent to Rs 193.12 crore in the quarter ended December 2008 as against Rs 180.79 crore during the previous quarter ended December 2007. Sales rose 17.77 Percent to Rs 2166.34 crore in the quarter ended December 2008 compared to Rs 1839.44 crore during the previous quarter ended December 2007.
Full Year Results
For the full year, net profit rose 11.34 Percent to Rs 547.41 crore in the year ended December 2008 as against Rs 491.67 crore during the previous year ended December 2007. Sales rose 15.29 Percent to Rs 6837.03 crore in the year ended December 2008 compared to Rs 5930.31 crore during the previous year ended December 2007.

Areva TD Results – Announces QTR and Year End Results

• Author: kalyan
• Filed under: Results
• Date: Feb 20,2009

Areva T&D India showed a Net Profit decline of 34.17 Percent to Rs 55.24 crore in the quarter ended December 2008 compared to Rs 83.91 crore during the previous quarter ended December 2007. Sales rose 26.88 Percent to Rs 938.83 crore in the quarter ended December 2008 compared to Rs 739.91 crore during the previous quarter ended December 2007.

For the full year, net profit rose 4.63 Percent to Rs 226.32 crore in the year ended December 2008 compared to Rs 216.30 crore during the previous year ended December 2007. Sales rose 31.85 Percent to Rs 2665.08 crore in the year ended December 2008 compared to Rs 2021.29 crore during the previous year ended December 2007.

Areva T&D India wins order worth 200 crore

• Author: Lalitha
• Filed under: order_news, Power Sector
• Date: Feb 20,2009

Areva T&D India informed the market yesterday that it has won two orders from Lanco Infratech for a combined value of about Rs 200 crore.
Order info
The 765kV substation switchyard will connect the Anpara ‘C’ 1200 MW (2×600 MW) Thermal Power Plant being developed by Lanco Infratech at Anpara (Uttar Pradesh) to the Northern Grid. All the major 765kV equipment like circuit breakers, disconnectors, instrument transformers, automation, and protection systems will be produced indigenously in AREVA T&D’s Indian plants circuit breakers and disconnectors will be manufactured in AREVA T&D’s new state of art factory at Padappal (Tamil Nadu) while 765 kV instrument transformers will be supplied from its new plant at Hosur (Tamil Nadu).The execution time for the order is by april 2010.

Ashok Leyland bags order worth 217.5 crore from ANGOLA for 1000 Bus

• Author: Lalitha
• Filed under: Auto, order_news
• Date: Feb 20,2009

Ashok Leyland has informed the market that they have bagged orders for 1,000 buses from the Ministry of Transport, Angola, worth US $ 43.5 million.The Bus has to be built on a strengthened chassis to withstand the extra weight of goods and has a 4×4 configuration to combat trying under-tyre conditions. 300 such buses were delivered within stiff deadlines starting August 2008, along with 200 Falcon buses.

Inflation to a Year Low

• Author: Lalitha
• Filed under: Inflation
• Date: Feb 19,2009

Inflation data was announced today and it is almost to a year low at 3.92 percent in the year through week ending 7 February 2009which is way lower than previous week’s annual rise of 4.39 percent.

TRF bags order worth 100 crores from AP government

• Author: Lalitha
• Filed under: order_news, Power Sector
• Date: Feb 19,2009

TRF Ltd has informed the market that they have won an order worth Rs 997.48 millions from Andhra Pradesh Power Generation Corporation Ltd (A Govt. of A.P. Undertaking, for setting up the Coal Handing Plant for its Rayalaseema Thermal Power Project, Stage-III, Unit – 5 (1 X 210 MW).

Areva T&D India bags order worth 101 crore from BGR Energy

• Author: Lalitha
• Filed under: Results
• Date: Feb 19,2009

Areva T&D India has informed the market that they have bagged an order worth Rs 101 crore from BGR Energy for setting up 420-kilo volt (KV) and 230 KV gas insulated substation package for Mettur thermal power project stage III of Tamil Nadu Electricity Board (TNEB). The project should be executed by end of this year .The net profit rose 8.9 percent to Rs 52.31 crore on 34.8 percnet increase in net sales to Rs 582.93 crore in Q3 September 2008 over Q3 September 2007 and they are due on the Q4 results today.

Dow Jones down by almost 300 points

• Author: Lalitha
• Filed under: Stock Market Crash, World Market
• Date: Feb 18,2009

After holiday on Monday US market opened yesterday on a Dull note , Dow Jones industrial average (INDU) fell nearly 298 points, or 3.8% down to a 3 months low. Investors are also not satisfied by the $787 billion economic stimulus plan, which was signed into law this afternoon by President Obama. They where not sure if that will stop the recession any soon.

Bartronics bags “AapKe Dwar” contract from Corporation of Delhi

• Author: Lalitha
• Filed under: order_news
• Date: Feb 17,2009

Bartronics India Ltd has informed the marker that the company has bagged that the Company has bagged the prestigious project “AapKe Dwar” from the Municipal Corporation of Delhi. The project envisages setting up and running 2000 G2C kiosks in Delhi. The project is BOT basis for period of 9 years.The Company expects a minimum revenue of Rs 5000 crores over the project period.

Stocks Pledged Starting January 2009

• Author: Lalitha
• Filed under: Bank, pledging
• Date: Feb 17,2009

Stocks Pledged This year due to financial constraint, the way how its going one day all the company will be in some banks hand or some financial companies hand.

Interim Budget 2009-2010 – Interim Budget Highlights

• Author: Lalitha
• Filed under: Budget, india
• Date: Feb 16,2009

Highlights of the Interim Budget 2009
–> All efforts made to deliver on commitments
–> Sustained growth at over 9 Percent in last 4 years
–> Per capita income grew 7.4 Percent during UPA regime
–> Gross domestic savings rate at 37.7 Percent , gross capital formation at 14.2 Percent
–> Tax–> GDP ratio at 12.5 Percent in 2007–> 08, close to fiscal correction target
–> Domestic investment rate over 39 Percent in FY08
–> Growth drivers –> agriculture, services, manufacturing, construction
–> Outlook for food grain production encouraging for coming year
–> Exports grew at annual average rate of 26.4 Percent during last 4 years
–> December industrial growth fell 2 Percent (YoY)
–> GDP growth of 7.1 Percent makes India the secondfastest growing economy
–> Have taken steps to encourage private investments in infrastructure via PPP
–> Approved 37 infrastructure projects worth Rs 70,000 crore between August 08-January 09
–> 54 central infrastructure projects of Rs 67700 crore sent for final nod to PPP panel
–> Initiative for providing refinance to banks for long term credit to project
–> IIFCL to raise Rs 10000 crore, has approval for an additional Rs 30000 crore
–> IIFCL to refinance 60 Percent of their projects
–> Extension of export credit for labour intensive exports
–> FDI inflow at USD 23.3 billion during April-November 2008
–> Attention given to agriculture sector, plan allocation up 300 Percent in 4 years
–> Government implementing revival agriculture package in 25 states worth Rs 13500 crore
–> Government will continue to provide interest subvention for agriculture in FY10
–> Farm debt waiver of Rs 65,300 crores covering 36 million homes
–> Government to provide interest subsidy to farmers in FY10
–> Outlay on higher education up 900 Percent in 11th 5 year plan
–> Annual ad hoc grants have been increased by 50 Percent (YoY)
–> FY09 revised estimates of spending at Rs 9 lakh crore vs Rs 7.5 lakh crore
–> FY09 plan expenditure revised to Rs 2.8 lakh crore from Rs 2.4 lakh crore
–> Government revises FY09 fertiliser subsidy to Rs 44863 crore
–> FY09 food subsidy revised to Rs 10960 crore
–> FY09 fiscal deficit seen at 6 Percent of GDP versus estimate of 2.5 Percent
–> FY09 revenue deficit at 4.4 Percent of GDP versus estimate of 1 Percent
–> FY10 spending seen at Rs 9.53 lakh crore
–> FY10 budgetary support seen at Rs 2.85 lakh crore
–> Rural jobs scheme to get Rs 30100 crore in FY10
–> JNNURM spending seen at Rs 11842 crore for FY10
–> Allocation of Rs 40900 crore for Bharat Nirman Scheme
–> Interest subvention for some export loans extended
–> Additional plan expenditure has to increase by 0.5–> 1 Percent post polls
–> FY10 non–> plan spend est at Rs 6.68 lakh crore
–> Major subsidy spending for FY10 seen at Rs 95,500 crore
–> FY10 budget revenue deficit seen at 4 Percent , fiscal deficit at 5.5 Percent
–> FY10 gross tax revenue seen at Rs 6.71 lk crore
–> Allocation of Rs 8,000 crore for mid–> day meal scheme
–> Rs 13,100 crore allocated for elementary education
–> FY10 gross market borrowing seen at Rs 3.2–> 3.3 lakh cr
–> No tax changes in interim budget

Senate Passes 787 Billion Dollar Bill – American Recovery and Reinvestment Act of 2009

• Author: Lalitha
• Filed under: World Market
• Date: Feb 14,2009

Senate passes $787 billion stimulus bill which will reach its book and become a law when President Obama signs it .The bill got 60 votes the minimum it needed to pass with support from just 3 republicans.
Where would the Stimulus Money go?

>Some $308.3 billion or 39 percent will go for appropriations spending Which also includes $120 billion on infrastructure and science and more than $30 billion on energy-related infrastructure projects and more.
>Some $267 billion or 34 percent on direct spending, including increased unemployment benefits and food stamps.
>and finally $212 billion or 27 percent for tax breaks for individuals and business.This is what all the normal people will be interested in soon i will break down this part.

This Bill is called American Recovery and Reinvestment Act of 2009

A bill making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for fiscal year ending September 30, 2009, and for other purposes.

Know more in depth detail into the bill here.