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Archive for February, 2009

Tata Nano to be launched on March 23 2009

Tata Nano to be launched on March 23 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 [...]

KEC International bags order worth 227 crore from PGCI

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 [...]

Larsen Toubro Bags order worth 1162 Crore

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 [...]

Inflation at 3.36 percent – It is going down

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

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 [...]

Everest Kanto Cylinder receives order worth 65 crore

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 [...]

Hindustan Dorr Oliver bags order worth 441 crore from UCIL

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 [...]

Suzlon Energy bags order from Australia

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 [...]

BGR Energy bags order worth 42.5 crore from IRAQ

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

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 [...]

Larsen & Toubro bags order worth 1438 crore

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. [...]

Dow Jones down to 11 Year low

Dow Jones down to 11 Year low

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 [...]

Market Closed Today

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

ABB Results – Announces Yearly and QTR Results

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 [...]

Areva TD Results – Announces QTR and Year End Results

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 [...]

Areva T&D India wins order worth 200 crore

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 (2x600 MW) Thermal Power Plant being developed by Lanco Infratech at Anpara (Uttar Pradesh) to the Northern Grid. All the [...]

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

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 4x4 configuration to combat trying under-tyre conditions. 300 such buses were delivered within stiff [...]

Inflation to a Year Low

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

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

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 [...]

Dow Jones down by almost 300 points

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 [...]

Bartronics bags “AapKe Dwar” contract from Corporation of Delhi

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 [...]

Stocks Pledged Starting January 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. Company Date of Disclosure Shares Pledged % Paid up Shares Lenders Promoter holding(%) Public holding (%) FII Holding (%) SSPDL 22-Jan-09 2585850 [...]

Interim Budget 2009-2010 – Interim Budget Highlights

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, [...]

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

Senate Passes 787 Billion Dollar Bill – American Recovery and Reinvestment Act of 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 [...]

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