Larsen Toubro and Scomi togeather bags order worth 2460 Crore MonoRail Project

• Author: admin
• Filed under: Infrastructure, Railways, order-news
• Date: Nov 10,2008

Larsen & Toubro Ltd (L&T) informed the market today that Larsen and Toubro togeather woth Scomi had bagged Rs 24.6 Billion order or 2460 crore order from Mumbai Metropolitan Region Development Authority (MMRDA) to implement the country’s first monorail system in Mumbai.We already know that Larsen Toubro is one of the best engineering & construction company with very good track record of implementing verylarge turn key projects and have finished all successfully .
About Scomi

Scomi Rail (formerly known as Mtrans Technology Berhad), a wholly owned subsidiary of Scomi Engineering, is a venture into the rail business, by Scomi.

As a key player in the industry, Scomi Rail offers urban transportation solutions by providing the latest technology for monorail electro-mechanical systems and the “rolling stock”, which refers to the traveling component in a rail system.

Kernex Microsystems India bags order worth almost 80 crores

• Author: admin
• Filed under: Railways, order-news
• Date: Nov 7,2008

Kernex microsystem informed the market that it had one a contract on November 05, 2008 after market hours and its from Egyptian National Railways (ENR), Egypt for developing of 136 Level Crossings for Egyptian National Railways.The railway contract is worth about 17.50 Million US Dollars which includes the supply also.

The project is going to start in month of November and also in the mean while the Egyptian Railways is negotiating for developing additional 174 Level Crossing Railway gates for Egyptian National Railways, Egypt. So more order in pipeline , the Annualized EPS is around 3 rs so its already trading at 22 PE let it go down more then we can buy into this stock.

Maytas Infra awarded concession for Undertaking hyderabad Metro Rail Project

• Author: admin
• Filed under: Railways, order-news
• Date: Aug 12,2008

Maytas Infra Ltd has informed the market that they as part of the consortium of Nava Bharat Ventures Ltd, Maytas Infra Ltd, Italian-Thai Development Public Company Ltd and Infrastructure Leasing & Financial Services Ltd (”NMII Consortium”) has been awarded the Concession for undertaking the development of the Hyderabad Metro Rail (MRTS) Project on Design, Build, Finance, Operate and Transfer (the “DBFOT”) basis to its Consortium comprising .