BGR Energy Systems informed the market today that it has bagged order worth 4900 crore for engineering, procurement and construction of a thermal power project in Rajasthan. On the financial side BGR Energy Systems reported a profit of Rs 31.91 crore on net sales of Rs 578.61 crore in Q4 March 2008.They have almost order worth 10000 crore in pipeline now , the results for the coming QTr and remaining would be intresting to watch.
Power Finance Corporation has come out with resukts which is really not so good infact its less by 3 percent compared to previous quarter , but still the market respected the stock and its up by 3 percent , Its net profit was at Rs 296.2 crore versus Rs 308.6 crore. The total income was at Rs 1441.6 crore versus Rs 1145.8 crore.
Madhucon Project is up by 5 percent after it informed the market that it has bagged engineering, procurement and construction contract worth Rs 989.5 crore for setting up of thermal power plant in Nellore district of Andhra Pradesh. Its order book is at 4700 crore.On the financial side its net profit rose 58% to Rs 18.26 crore on 28.2% rise in sales to Rs 234.78 crore in Q4 March 2008 over Q4 March 2007. The current price of 305 is just showing a PE of 15.4 with a Annualized EPS of 19.79.
L&T informed the market that they have bagged order from JSW Power Transco for transmission lines and the order is worth around 446 crore, after the news came out the stock went up to 2474 but it closed down at 2364 , down by almost 90 rs from days high .infact it closed the day in negative.
ICSA India informed the market that it has won order from Ajmer Vidyut Vitran Nigam for providing rural electricity infrastructure to Banswara district, Rajasthan. The order is worth around Rs 79.88 crore.The Stock was up when the news came out but as the market was pulling down yesterday this stock also was down by 12 rs.
BGR Energy Systems informed the market that it has bagged a very big project from Tamil Nadu Electricity Board for setting up 600 megawatt power plant in Tamil Nadu at a cost of 3100.06 crore , the project is slated to be executed in 39 months, The order book as gone to 6000 crore with this order , but sorry again like any other company the investor dint respect this company also the stock is down by 4 percent or so .On the financial side it has shown a Q4 March 2008 annualised EPS of Rs 17.73.
Bharat Heavy Electricals Ltd, the country’s largest power equipment manufacturer informed the market that they not only work in india but also middle eastern country like syria and they have bagged a Rs 2,080 crore turnkey order from the ministry of electricity, Syria for setting up two units of 200 mw each at the Tishreen thermal power plant extension.The order book soared to like 90000 crores.
Larsen & Toubro Ltd (L&T) has informed the market that they have received one of a kind order from APPDCL for 2 x 800 MW Steam Turbine Generator package which was like the first kidn of order in india and the order is worth Rs 1557 Cr the order is using Supercritical Technology and has been received by them . The stock rose just 30 rs or so after receiving the news , you know what this news doesntintrest me much as im averaging the stock at 4000 rs , my bad i bought at high rate .Any way i will not sell it until it reaches that price.
KEC International has announced the market that the Company has been awarded two separate
contracts by Power Grid Corporation of India Ltd for Supply and Construction of 400 KV Double Circuit (QUAD) Edamon - Muvattupuzha Transmission line (Part — I & II) in the state of Kerala.The total value of both the contracts is Rs 155.24 Crores.
Lanco Infratech has informed the market that the company has won two super critical power projects with an installed capacity of 3300 MW in Uttar Pradesh. LITL has won both the projects by outbidding other top players like Reliance Power, NTPC and Jindal Steel & Power. The projects include all the required infrastructure linkages like road, water, fuel and rail.
Larsen & Toubro Ltd (L&T) has informed the company that the Company has bagged four orders worth Rs 1687 crore from the Government of Rajasthan, Bhushan Steel-Orissa, SAIL Bokaro Steel Plant and the Damodar Valley Corporation (DVC). The orders are for water supply projects, sinter plant and cold roll mill and a coal handling plant.
Suzlon Energy Ltd has announced the market that Suzlon Wind Energy Corporation, the USA, the step-down subsidiary of Suzlon Energy Ltd has signed a repeat order with Horizon Wind for 200 MW of wind turbine capacity.We know it was lately in news that they have to spend some fund on repairing some of the already installed wind mills , These projects will help in boposting there revenue.
Reliance energy infromed the market today on Buy-Back of shares ,They have bought-back 1,21,500 equity shares of the Company as on March 31 2008 which amounts , so far bought back 9,51,500 equity shares aggregating Rs 122.39 crore.They told they will buy back upto 800 crores.
Jyoti Structures informed the markt that on Tuesday it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd.The project will be executed in 13 months.
REC which listed today and the time was good for REC as on the listing day and time the market went up by 500 points or so after that various business news from the company had the stock stay at 15 percent premium level of 120 rs .
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