Gayatri Projects bags order worth 1130.67 Crores

Gayatri Projects Ltd has informed the market that the Company has bagged a new Road Contract in Nagaland, in Joint Venture with Maytas Infra Limited, from Government of Nagaland for widening of Roads in the state of Nagaland for a total value of Rs. 1130.67 Crores (Rupees One thousand One hundred Thirty Crore and Sixty-seven lakhs only). The Joint Venture has received a Letter of Acceptance (LoA) from Government of Nagaland to this extent.

Gayatri Projects bags project worth 113 crores

Gayatri Projects Ltd has informed BSE that the Company has bagged two new orders under Electrical Supply & Erection on turn – key basis.

1. Name of the Employer : The M.P. Paschim Kshetra Vidyut Vitaran co. ltd., INDORE GPH Compound, Polo ground, INDORE. – Name of Work : SUPPLY: Material for “Construction of New 11KV Line, LT Line on AB cable,25 KVA 11/0.4 KV Distribution X-mer Sub-Station, four pole structure, additional 11 KV Bay with VCB, Replacement of Bare LT Line with AB cable, Conversion of LT lines in to HT(HVDS) & meterisation of unmetered consumers. ERECTION: New 11KV Line, LT Line on AB cable,25 KVA 11/0.4 KV Distribution X-mer Sub-Station, Four pole structure, Additional 11 KV Bay with VCB, Replacement of Bare LT Line with AB cable, Conversion of LT lines in to HT(HVDS) & meterisation of unmetered consumers. – Total Project Cost as per Company Estimate : Approx. 63,01,27,106.00 Crores
2. Name of the Employer : The M.P. Paschim Kshetra Vidyut Vitaran co. ltd., INDORE GPH Compound, Pologround, INDORE. – Name of Work : SUPPLY: Material for “Construction of New 11KV Line, LT Line on AB cable,25 KVA 11/0.4 KV Distribution X-mer Sub-Station, Four pole structure, Additional 11 KV Bay with VCB, Replacement of Bare LT Line with AB cable, Conversion of LT lines in to HT(HVDS) & meterisation of unmetered consumers. ERECTION: New 11KV Line, LT Line on AB cable,25 KVA 11/0.4 KV Distribution X-mer Sub-Station, four pole structure, additional 11 KV Bay with VCB, Replacement of Bare LT Line with AB cable, Conversion of LT lines in to HT(HVDS) & meterisation of unmetered consumers. – Total Project Cost as per Company Estimate : Approx. 50,11,39,965.00 Crores The contract execution time is 18 months and the works will be completed on or before June 30, 2012.

McNally Bharat Engineering bags order worth 99.86 Crore

McNally Bharat Engineering Company Ltd has informed the market that the company has bagged order worth almost 100 Crore
Order info

1. Supply Installation & Commissioning of complete High Concentration Slurry Disposal System for 1980 MW Power Plant Project of Talwandi Sabo Power Limited of Vedanta Group at Banwala, Punjab for a value of Rs. 69.25 Crores. The Execution time is 15 Months.
2. Manufacturing, Assembly and Supply of Cross Transfer Equipment Group III for Universal Rail Mill Project (PKG-047) under modernization and expansion of Bhilai Steel Plant, Bhilai for a total value of Rs. 30.61 Crores. The execution time for the project is 21 months.

KEC International Ltd bags order worth 1018 Crore

KEC International Ltd. (KEC), a global leader in power transmission EPC informed the market that the company has bagged order worth to the tune of Rs. 1,018 crore.
Order Details

>In the Transmission Segment, the Company has secured 3 orders for 765 kV transmission lines construction. The orders are from Rajasthan Rajya Vidyut Prasaran Nigam (RRVPN, India), Power Grid Corporation of India {PGCIL, India) and Eskom (South Africa). The RRVPN order is for construction of 765 kV Transmission line between Anta (Baran) – Phagi (Jaipur) on turnkey basis. This is the 1st 765KV transmission line being constructed by any state utility in India. Total order value is Rs. 313 crore.
>The PGCIL order is for the supply & construction of 765 kV single circuit transmission line between Angul – Jharsuguda Pooling Station (Jharsuguda end) associated with transmission system strengthening of Phase-I Generation Projects in Orissa. Total order value is Rs. 130 crore.
>The Eskom order is for construction of 765 kV transmission line between Gamma – Kappa on turnkey basis in South Africa. Total order value is Rs. 97 crore. In addition to above, KEC’s wholly owned subsidiary SAE Towers has secured Rs. 246 crore supply orders in Americas.
>This represents Transmission Tower orders from U.S., Canada, Mexico, Brazil, Argentina worth Rs. 208 crore and Transmission line related Hardwares orders from Brazil worth Rs. 38 crore. In the Railway segment, the Company has secured various orders for civil works from Indian Railways worth Rs. 97 crore.
>In the Cable segment, the Company has secured supply orders for Telecom Cables, Low Tension, High Tension and Extra High Vottage Power Cables from various customers worth Rs. 135 crore. With these new orders and execution up to last month, the company’s order book stands at its highest ever, Rs. 7400 crore.

Hindustan Dorr-Oliver Ltd bags order worth 1350 Million Rs

Hindustan Dorr-Oliver Ltd. informed the market that the company has bagged prestigious orders worth about 1350 Million INR in their Minerals and Water Sector, The order is from Government of India, Heavy Water Board, Mumbai worth 630 Million INR towards Design, Engineering, and Manufacture & Construction on LSTK basis for centralized conversion facility of Uranyl Nitrite to Uranium Oxide. This plant shall be located at the Department of Atomic Energy at their Kalpakkam facility. The Company shall be executing this project on LSTK basis with completion period of 16 months and shall also provide commissioning assistance for a period of 6 months.

Banks Paying High Fixed Deposit Rates as of December 2010

Banks Paying High Fixed Deposit Rates as of December 2010

Bank Name Period of Investment Normal Senior Citizen
Allahabad Bank 2 years-3 years 7 7.5
Andhra Bank 3 years 8.6 9.1
Bank Of Baroda (BOB) 445 days-3 years 8.25 8.75
Bank Of India (BOI) 2 years-3 years 8.25 8.75
Bank Of Maharashtra (BOM) 366 days-3 years 8.3 8.8
Canara Bank 1000 days 8.6 9.1
Central Bank Of India 2 years-3 years 8.25 8.75
Corporation Bank (CorpBank) 2 years-3 years 8.1 8.35
Dena Bank 2 years-3 years 8.25 8.75
IDBI Bank 2 years-1099 days 8.25 8.75
Indian Bank (IB) 1 year-5 years 8.5 9
Indian Overseas Bank (IOB) 1000 days 8.5 9
Oriental Bank Of Commerce (OBC) 1000 days 8.75 9.25
Punjab and Sind Bank (PSB) 1000 days 9 9.5
Punjab National Bank (PNB) 1000 days 8.5 9
State Bank Of Bikaner and Jaipur (SBBJ) 1001 days-3 years 8.3 8.8
State Bank Of Hyderabad (SBH) 1000 days 8.75 9.25
State Bank Of India (SBI) 1000 days 8.5 9
State Bank Of Mysore (SBM) 909 days 8.55 9.05
State Bank Of Patiala (SBP) 999 days 8.75 9.25
State Bank Of Travancore (SBT) 1000 days 8.6 9.1
Syndicate Bank 2 years-3 years 8.25 8.75
UCO Bank 2 years-3 years 8.25 8.75
Union Bank Of India (UBI) 701 days-3 years 7.5 8
United Bank Of India (UBI) 2 years-3 years 8.25 9
Vijaya Bank 2 years-3 years 8.15 8.65

Spanco Ltd bags order from Goa State Electricity Board for 85 crores

Spanco Ltd. has informed the market that the market has won the IT modernization project of the Goa State Electricity Board (GSEB) beating HCL, Reliance, Wipro, L&T Infotech, TCS and some others. This is Spanco’s Fourth consecutive win in this space. It has already bagged the states of Punjab, Maharashtra and Bihar, This win further consolidates Spanco’s position as one of the market leaders in the IT modernization projects within the State Electricity Boards under the RAPDRP program. RAPDRP is an initiative driven by the center with collaboration with the state with a clear focus to bring in actual, demonstrable performance in terms of sustained energy loss reduction.

Punjab & Sind Bank IPO Subscribed by more than 40 Times

Punjab & Sind Bank IPO Subscribed by more than 40 Times as of 3.00 clock on the closing day . Updated: Closed the day by subscribing 50 times.

Total Issue Size 40000000
Total Bids Received 1673284300
Total Bids Received at Cut-off Price 291079900
No. of times issue is subscribed 41.83

Retail portion got subscribed by more than 44 times.
Total Subscription

Total Issue Size 40000000
Total Bids Received 2029886650
Total Bids Received at Cut-off Price 495854050
No. of times issue is subscribed 50.75

IPO Subscription by Category

1 Qualified Institutional Buyers (QIBs) 19000000 946149350 49.80
2 Non Institutional Investors 5700000 489281450 85.84
3 Retail Individual Investors (RIIs) 13300000 591240650 44.45
4 Employee Reservation 2000000 3215200 1.61

Punjab and Sind Bank IPO Allotment Status can be seen here.

Food Inflation at 8.69 Percent

Food Inflation which was easing for almost 8 consecutive week was marginally up and the Food prices were up 8.69% for the week from a year ago, a marginal increased from 8.6% for the previous week. The index for food articles rose 0.5% during the week, the third consecutive week of increase.Fuel price inflation remained unchanged at 9.99% from the last week, while the primary articles price index rose 12.66% compared with an annual rise of 12.72% a week earlier. The yield on ten-year benchmark paper rose only marginally to 8.12% from 8.10% on Wednesday, indicating that the uptick in the food inflation had not altered market expectations.

Punjab & Sind Bank IPO

About Punjab & Sind Bank

It was in the year 1908, when a humble idea to uplift the poorest of poor of the land culminated in the birth of Punjab & Sind Bank with the far-sighted vision of luminaries like Bhai Vir Singh, Sir Sunder Singh Majitha and Sardar Tarlochan Singh.

They enjoyed the highest respect with the people of Punjab.The bank was founded on the principle of social commitment to help the weaker section of the society in their economic endeavours to raise their standard of life.Decades have gone by, even today Punjab & Sind Bank stands committed to honor the social commitments of the founding fathers.

Punjab & Sind Bank IPO Details

Issue price / Floor Price (Rs)113-120
Application per share (Rs)113.00
Minimum investment amount (Rs)5,650.00
Minimum bid (no of shares) 50 shares and in multiples of 50 thereafter
Maximum Shares for Retail 1750-1650
Issue opens 13-Dec-10
Issue closes 16-Dec-10
Issue size (Rs cr) 452-480
Mkt cap at issue price (Rs cr) 2520.53-2676.67

Dividend and Record Date Announced for December 2010

Record Date for Stock that are getting dividend or stock aplit or Bonus for the month of December 2010

Scrip Code Scrip Name Ex-Date Purpose Rs.
530901 ACIL 09-Dec-10 Stock Split from 5/- to Re. 1/- -
523269 Advani Hotels 09-Dec-10 Dividend 0.1
524742 Caplin Point 09-Dec-10 Final Dividend 1
531092 Om Metals 09-Dec-10 Interim Dividend 0.2
511626 RR Fin 09-Dec-10 Dividend 1
532323 Shiva Cement 09-Dec-10 BONUS 1:10 -
517385 SYMPHONY 09-Dec-10 Dividend 2.5
531431 Shakti Pumps 13-Dec-10 Dividend 1
531703 Tribhuvan Hous 13-Dec-10 Stock Split from Rs. 5/- to Re. 1/- -
500830 Colgate Palmolive 14-Dec-10 2nd Interim Dividend 5
522074 Elgi Equipments 14-Dec-10 BONUS 1:1 -
507180 Kesar Enter 14-Dec-10 Dividend 1
532932 Manaksia 15-Dec-10 Dividend 2.4
532539 Minda Inds 15-Dec-10 Dividend 3
523820 Neo Corp 15-Dec-10 Dividend 0.5
590090 Octant Inter 15-Dec-10 Scheme of Arrangement -
532368 LGS Glob 16-Dec-10 Dividend 1
502355 Balkrishna Inds 20-Dec-10 Stock Split from Rs. 10/- to Rs. 2/- -
532694 Bartronics 21-Dec-10 Dividend 1
533011 Coral Hub 21-Dec-10 Final Dividend 0.1
509563 Garware Marn 21-Dec-10 Dividend 0.5
532672 Glodyne Tech 21-Dec-10 Final Dividend 4.2
532951 GSS America 21-Dec-10 Dividend 1.5
513446 Monnet Ispat 21-Dec-10 Final Dividend 5
524136 Pee Cee Cosma 21-Dec-10 Dividend 2.5
501150 Centrum Cap 22-Dec-10 Final Dividend 0.5

NCJ International Ltd Rights Issue

511714 NCJ International Ltd has informed the market that the company on a meeting that was held on December 06, 2010, has decided to

1. To fix the rate and entitlement of shares to the shareholders ,The Board discussed the rate of issue and finalized at Rs. 12 including a premium of Rs. 2Further, the board discussed the matter of entitlement of shares and finalized the ratio at 2:1 (Two for One Existing Equity Shares)

A2Z Maintenance and Engineering IPO

After Incorporation, A2Z is one of the fast growing enterprises on the Indian business horizon. The Company was acquired by Mr Amit Mittal from its existing shareholders in December 2003 and February 2004. Initially The Group began its operations in Facility Management Services (FMS) and later entered the Engineering Procurement & Construction (EPC) business, in the fiscal year 2008.

The EPC business got its intensity with the acquisition of Sri Eswara Sai Construction Private Limited, a company registered in the year 2007 engaged in the installation of transmission lines, which was subsequently merged with and into the Company, in January 2008. To enhance our business focus and streamline operations, the Company transferred its FMS business to its wholly-owned subsidiary, A2Z Infraservices in the same year pursuant to a court-approved scheme of demerger. In August 2009, we further consolidated our presence in the FMS segment through the acquisition of Imatek.
A2Z MAINTENANCE & ENGINEERING SERVICES LTD

Symbol – Series A2Z EQ
Issue Period Dec 08, 2010 to Dec 10, 2010
Post issue Modification Period 11-Dec-10
Issue Size [?] Equity Shares Of Rs.10 Each aggregating to Rs.6,750 Million and an Offer For Sale Of 4,556,193 Equity Shares Of Rs. 10 Each At The Issue Price.
Price Range Rs 400 to Rs 410
Tick Size Re. 1/-
Market Lot 15 Equity Shares
Minimum Order Quantity 15 Equity Shares
Maximum Subscription Amount for Retail Investor Rs.200000
IPO Grading IPO Grade 4 by CARE Limited

Issue Proceeds to be used for

Fresh issue will be used for investment in three biomass (bagasse)-based power cogeneration projects of 15 MW each in the State of Punjab; investment in five biomass-based power generation projects of 15 MW each in the State of Rajasthan; investment in subsidiaries; repayment of a loan granted by L&T Infrastructure Finance Company Limited (L&T Infrastructure Finance) to the company; and working capital requirements.

Siemens bags order worth 127 Crore from Jaypee Sports International

Siemens Ltd. informed the market that the company has won order worth 127 crore from Jaypee Sports International Ltd (JPSI) , the order is for the first India’s F1 Formula race track.The Execution should be done before October of 2011 for sure.

Siemens will supply install, design, engineer and commission special electronics package, Which is one of the most crucial parts of F1 race tracks. The package includes setting up the Race Control Management system, Video surveillance for racetrack and Video storage, Digital Signaling system (Digi Flag) and Time Keeping system. Additionally, Siemens will also provide the complete IT backbone (VOIP & Data network), Information displays, and Media Distribution system for Media centre for this project.

Moil IPO Allotment Status

MOIL IPO which closed on December 1st 2010 has a very great subscruption from all the category except the employee section , The Stock was subscribed almost 57 times and on the retail side it has subscribed around 33 times .Other than Employee section which will be a firm allotment everyone else allotment will be lottery based .
MOIL IPO Allotment Status can be found here.

MOIL IPO Subscription – Finally subscribed by 56.43 times – Moil IPO Allotment will be Lottery

MOIL IPO which really saw blast today and finally got subscribed by 56.43 times , Teh retail portion and other info will be soon updated.

Total Issue Size 33600000
Total Bids Received 1896149230
Total Bids Received at Cut-off Price 323370600
No. of times issue is subscribed 56.43

Retail side has subscribed by 32.86 times and the employee side was not even fully subscribed.

1 Qualified Institutional Buyers (QIBs) 16464000 809312438 49.16
2 Non Institutional Investors 4939200 707771795 143.30
3 Retail Individual Investors (RIIs) 11524800 378678774 32.86
4 Employee Reservation 672000 386223 0.57