Corporate Highlights
- Government has written off Rs 2,820 crore debt of ITI. Moreover, the company has bagged $ 2 billion BSNL order. Its current orders are worth Rs 6,800 crore. The company has MoU target of Rs 5,760 crore.
- Hindustan Construction Company (HCC) has signed an MoU with AMEC for Nuclear Power Plant services. AMEC is US based civil nuclear construction company.
- Siemens has won two orders from Power Grid Corporation of India Ltd (PGCIL) amounting to Rs 3600 million (Rs 360 crore) for turnkey 765 kV substation each at Gaya in Bihar and Ranchi in Jharkhand.
- Punj Lloyd bags new order worth Rs 275.8 cr from Tamil Nadu
- TCS signs multi million dollar outsourcing deal with Singapore's People Association
- Amtek Auto raises $ 75 Mn via FCCBs; co has option to raise $ 35 Mn more via overseas bonds
- Bajaj Auto Vs TVS Motor patent case is listed for hearing on October 14 at Madras HC.
- Jindal Steel & Power said that the company is going to sell atleast 10% stake in power business, by way of diluting stake in Jindal Power IPO. The company is going to raise debt for expansion in steel business. The company is going to set up steel plants of 6 mn ton capacity in Orissa and 3 million ton in Jharkhand.
