Bajaj Electrical Ltd has informed the market that it has secured new prestigious orders worth over Rs. 408 crores involving the construction of 312 KMs of 400 KV double-circuit transmission lines, Village Electrification (BPL), under RGGVY (Rajiv Gandhi Gramin Vidhyutikaran Yojna) and High mast & Street Lightening segments. So with this new order , the order book of the Company as reached past Rs. 1150 crores.
TECHNOFAB ENGINEERING LIMITED has informed the market yesterday that the Company has received fresh orders of Rs. 166 Crs. during the quarter.Accordingly, the order book position of the Company as on 30th June stands at Rs. 680 Crs.
Nesco Ltd ha informed the market that it has recommend 15% dividend (Rs. 1.50 per share) on increased share capital due to issue of 1:1 bonus shares. The Company had declared 12% dividend (Rs. 1.20 per share) in the previous year.
Uflex Limited has informed the market that the company and the board has approved the rights issue in a meeting that was held on August 03, 2010, considering further growth plans and also the response from various investor segments, have approved the revision in the ratio of issue of equity shares on Right basis to “One equity share for every three equity shares held” as against “One equity share for every four shares held” and raise funds aggregating to an amount not exceeding Rs 400 crores (Rupees Four hundred crores) instead of Rs. 250 crores approved earlier by the Board.
Deep Industries Limited has informed the market that the Company has obtained Notification of Awards for hiring of services for compression of natural gas at Kesanapalli (w)-GGS for a period of five years. The approx. value of the contract is Rs. 1149.75 Lacs. The order is for LOA From: ONGC, Rajamundry Asset – Location: Kesanapalli (w), Andhra Pradesh.
Avantel Limited informed the market yesterday that the company has received an order worth Rs. 111.6 million from Antrix Corporation Ltd., Department of Space, Government of India for supply, commissioning and installation of satellite communication terminals.
Minal Engineering Ltd which informed the market yesterday that it is planning to consider Bonus issue has the stock hit upper circuit today , they informed about the news yesterday.The stock is trading at 92.10 and had hit 5 percent upper circuit.
Reliance Media World Ltd has informed the market yesterday that it has proposed a Joint Venture with CBS studios which is fully owned subsidiary of CBS Corporation, The joint venture is to Own or Operate and/or operating a suite of television channels. IF the Join venture agreement goes through then the company would hold rights to certain English channels or English programs and the Join venture company will be able to broadcast the same across all the SAARC countries.Reliance Media world which closed at 76 or so on Friday opened at 79.85 today and iots trading at the same level.
Compucom Software Ltd has informed the market that the Company has bagged a very big School Computer Education Project of Govt. of Rajasthan.The order was won in the midst of heavy competition from leaders in educational softwares like Educomp , NIIT ,The order is for providing Computer Education on BOOT basis in 1550 Govt. Schools of Rajasthan. The order is valued around Rs. 77.77 Crores (Seventy Seven Crores and Seventy Seven Lacs). Out of 2000 schools in 7 zones which were offered, Compucom has won almost 1550 schools in 5 zones capturing 77.5 percent of the offering covering students in class 9th to 12th. The price is around 18.25 on June 15th 2010.
Eicher Motors Ltd has informed the market that VE Commercial Vehicles Limited (VECV), which is eqal partner ship between Volvo and eicher motor would be the global manufacturing hub and industrial base for Euro 3, Euro 4, Euro 5 and Euro 6 medium-duty base engine requirements of the Volvo Group.They would make a investment of Rs 288 crore,The manufacturing unit is located at Pitampur in Madhya Pradesh, It will be operational in the second half of 2012.The stock hits the roof friday after the news and buying was witnessed , it was up by 15 percent or 124 rs closed the day at 921 rs.
Larsen & Toubro’s (L&T)informed the market today that various divisions like Metallurgical, Material Handling & Water Operating Company which is again part of the LNT Construction Division has bagged various orders worth Rs. 747 crore ,the order is from clients like Coal India, Indiabulls Power Limited and Hindalco Industries Limited. Order Info
> L&T has secured a lump sum turnkey contract worth Rs. 276 crore from Coal India for Coal Handling Plant at Northern Coalfield, Amlohri, in Madhya Pradesh. L&T’s-Bulk Material Handling Business Unit has secured this on EPC (Engineering -Procurement- Construction) basis, against competitive bidding.To be executed in 24 months, The order is for basic and detail engineering; supply and erection of mechanical, electrical and instrumentation works; complete civil & structural works, including testing & commissioning.
> L&T has bagged orders worth Rs.260 crore from Indiabulls Power Limited for supply & erection of Coal Handling Plants at Amaravati and Nasik Thermal Power Plant in Maharashtra. The order is for basic engineering, detail engineering, supply and erection of mechanical, electrical and instrumentation works including testing & commissioning. To be executed in 28 months.
> L&T has secured an order valued at Rs 211 crore from Hindalco Industries Limited for Aluminium Rolling Mill Complex at Hirakud, Orissa. The order is for civil & structural works for Aluminium Rolling Mill and related facilities. To be executed in 16 months.
eClerx Services has informed the makret that the company has Recommendation for issue of Bonus Shares in the ratio of 1 (One) Bonus equity share of Rs. 10/- each for every 2 (Two) existing fully paid up equity shares of Rs. 10/- each held in the Company.This was decided on the meeting that was held on June 7th 2010.
Apple iPhone 4 is the next iPhone from Apple’s Cradle and we have listed down the full specification for the same and some interesting pictures also.It was expected only end of this year and they have come out with the release in june itself and will be available for sale on june 24th and its ready for pre order by june 15th. We will see the specifications now. iPhone 4 Specifications
>Retina Display with 326 pixels per inchpixels per inch and has 78% of the pixels on an iPadiPad
>960×640 pixels display
>3.5 inch
>9.3mm thickness
>Apple A4Apple A4 Chip
>upto 32GB internal memory
>microSIMmicroSIM Card
>Bigger Battery
>5 Megapixel Camera with LED Flash and 5x zoom and tap to focus
>HD video Recording
>Video Calling Camera
>WiFi (n)
>Video Editing with iMovie
>Bluetooth
>Quadband GSM / 3G / HSDPA/ HSUPAHSUPA
>7.2 Mbps download speeddownload speed , 5.8 Mbps upload
>Dual mic for noise suppressionnoise suppression
>GPS, Accelerometer, Compass
>Gyroscope
>Battery Life : 7 hours 3G talktime , 6 hours browsing, 10 hours WiFi, 40 hours of music, and 300 hours of standby
>runs on iOS4
>Uses glass for Scratch resistance
They are Planning to sell this phone first in 5 countries which for sure doesn’t include India, but think it will be available in India by September or so which will be the time that all the telecom company will be ready with the 3G gun and everyone will like to sell iPhone at that time .But for sure it will be costly in India like any other iPhone.It will go on sale for 199$ in US for 16 GB and 299$ for 32 GB phone.
R S Software informed the market that the company has decided on the board meeting that will be held on June 10th 2010 , it will declare and approve approve the record date for ensuing bonus issue of the company and any other matter.
There was some news to cheer on the GDP side yesterday and that was the Growth of fy 2009-2010 GDP and it is at 7.4 percent , Double-digit industrial growth saw the Indian economy expanding 7.4 per cent in 2009-10,gross domestic product (GDP) was Rs 44,64,081 crore (at 2004-05 prices), bettering the earlier government estimate of 7.2 per cent growth over the previous year’s Rs 41,54,973 crore.
KNR Constructions Ltd has informedthe market that the company has received EPC order worth of Rs. 825 Crores. , the order is from Bijapur-Hungund Tollway Private Limited and Sadbhav Engineering Limited for, the order is for 4 Laning of Bijapur – Hungund Section of NH-13from Km 102.00 to Km 202.00 in the State of Karnataka under NHDP Phase III” in the State of Karnataka , the project needs to be executed in 910 Days from the Appointed Date.
With just one day more for the IPL final for IPL 2010 to go and with all IPL issues that is going on , Sahara dint want to care about it and they want to go ahead choose the name and logo for their team and they are calling the team as “Sahara Pune Warriors”, Sahara Pune Warriors logo comprise a spear wielding cavalry-warrior on a horse.
Rallis India Ltd has informed the market that they have come out with decision on Dividend and Bonus Issue ,
>On the Dividend side it already gave 8 Rs per share for this year and it gave another 10 Rs per share now and totally for the year it has already given 18 rs per share.
>On the Bonus side the company has announced that it has recommended a Bonus issue of Equity Shares in the ratio of one equity share of the Company of Rs. 10/- each for every two equity shares of the Company held by the Shareholders of the Company as on a Record Date to be fixed later for this purpose.
McNally Bharat Engineering Company Ltd has informed the market that it has bagged order from Goa Shipyard Ltd. The order is for supply of 45 Ton Level Luffing Crane for Jetty And 45 Ton Level Luffing Crane for Repair Berth , the order is totally worth Rs. 29.08 Crores inclusive of all Taxes and duties. Execution time is 487 days from the start of the work.
Spanco bags order worth 284 crore from Punjab State Electricity Board (PSEB),SPANCO is appointed as IT implementation Agency (System Integrator) for implementation of IT infrastructure for them. This project is the part of Restructured Accelerated Power Development & Reforms Programme(R-APDRP) instituted by Ministry of Power, Government of India to improve the power supply reliability at distribution level and to achieve commercial viability of the state electricity departments. The value of the order is 284 crore.IT has to be executed in 14 months and maintenance is for 5 years.
Larsen & Toubro (L&T) informed the market today that the company has won a critical offshore platform contract from Gujarat State Petroleum Corporation (GSPC) , The order is awarded in order to accelerate production of first oil/gas by 2012 from its technically challenging KG Basin, off the East Coast of India. The order is valued at Rs. 1060 crore (US$ 235 million).
As IPL 2010 is getting heated up day by day , the National selectors have come out with 15 member squad for the T20 2010 World Cup , Its beginning next month in west indies from April 30th 2010 to May 16th 2010 . 2010 Indian T20 World Cup Squad
Ishant Sharma, S Sreesanth, RP Singh, Pragyan Ojha and Virat Kohli were not picked for the championship’s third edition in the Caribbean from April 30-May 16.
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