30 Nov 07 Reliance Power bags Krishnapatnam ultra mega power project

There is some good news for investors looking to invest in the Reliance Power IPO. Reliance Power has bagged the Krishnapatnam ultra mega power project and this is likely to make the Reliance Power IPO more attractive to investors. Reliance Power’s bid of Rs. 2.33 per unit was by far the lowest in the auction and hence Reliance Power Limited would be awarded the contract for the Krishnapatnam ultra mega power project, as per sources in the Power Ministry. Apart from the Krishnapatnam ultra mega power project, Reliance Power has also bagged the Sasan and Mundra mega power projects.

22 Oct 07 Parsvnath Royale Villas – Parsvnath’s new Jodhpur City Township Project

Parsvnath Royale Villas is the next township project lined up by Parsvnath Developers. Parsvnath Royale Villas will be a township project which will have a five star and a three star luxury hotel. The combined room capacity of these luxury hotels would be more than 475 rooms. Luxury villas of  1,800 sq ft, 2,250 sq ft and 2,700 sq ft will be constructed in the Jodhpur City township in the first phase of the project.

13 Jun 07 Simplex Infrastructures wins new orders worth 1000 crores

Simplex Infrastructures has informed the stock exchanges that it has won two new orders worth more than Rs. 1000 crores. Simplex Infrastructures had won orders worth over Rs. 1055 crores last month. Its raining “new orders” for Simplex Infrastructures. As soon as the announcement was made public, the Simplex Infrastructures stock hit the 10% upper freeze.

13 Jun 07 IMP Powers wins million dollar export order

IMP Powers has informed the stock exchanges that it has received export order worth 1 million US dollars. IMP Powers export order involves supply of power transformers to a firm based in Zambia in the African continent. IMP Powers has already received two such similar orders from Zambia in the recent past. The IMP Powers stock went up following this announcement

12 Jun 07 Bharati Shipyard gets new orders for 2 new ships

Bharati Shipyard, one of India’s leading ship building companies, has informed the stock exchanges that it has received a new order from a Norwegian firm for supplying two anchor handling tugs for support to the offshore rigs. Tugs are those ships (vessels) which are used to pull/drag oil drilling offshore rigs (like ONGC’S bombay high). Bharati Shipyard recently received an order from Great Offshore for a multipurpose offshore support vessel. With this new order, Bharati Shipyard has a bulging order book of 41 ships or Rs. 3725 crores. I like companies with huge order books since it gives good earnings visibility. Bharati Shipyard looks good both in terms of valuations and also in terms of its huge order book size. Bharati Shipyard thus enters the list of stocks I track.

11 Jun 07 Lanco Infratech’s new Township Project

Lanco Infratech Limited has informed the stock exchanges that Lanco Horizon Properties, a Lanco Infratech group company would take up joint development of about 47.6 acres of land located near the SIPCOT Industrial Estate on the IT Highway at Siruseri on the Old Mahabalipuram Road (OMR) in the outskirts of Chennai city. The Lanco Infratech stock seems to be a good buy, considering the order book size and its new ventures.

08 Jun 07 Suzlon Energy gets new order for 300 turbines

Suzlon Energy has informed the stock exchanges that it has received a new order for 300 turbines of S88-2.1  MW capacity. Suzlon Energy has received this order through its US subsidary, Suzlon Wind Energy Corporation. Suzlon Energy will execute the order in 2 phases, as per the contract. The first order will consist of 150 turbines and will be delivered in 2008 and the second order consisting of the remaining 150 turbines will be delivered by Suzlon Energy in 2009. Suzlon Energy will supply these turbines to the California based Edison Mission Group. 

07 Jun 07 Ansal Properties & Infrastructure’s integrated township : Sushant Taj City

Ansal Properties & Infrastructure has informed the stock exchanges that it has launched an integrated township project at Agra called Sushant Taj City. Ansal Properties & Infrastructure has informed that Sushant Taj City will be built in 460 acres of land and will have educational institutions, hospitals, clubs, hotels and multiplexes.

07 Jun 07 KEC International wins order from World Bank

KEC International has informed the stock exchanges that it has won a new order worth Rs. 380 crores from the World Bank. As per the contract KEC International will design, construct and commission a 475 km transmission line of 500 KV in the Ekibastuz Agadyr section in Kazakhstan for the Kazakhstan Electricity Grid Operating Company. The whole project is funded by the World Bank and will be executed by KEC International in a period of 27 months. This order adds up to the bulging Rs. 3000 crore order book of KEC International.

07 Jun 07 Hindustan Construction Company (HCC) wins new order

Hindustan Construction Company (HCC) has informed the stock exchanges that it has won a new order form Tata Steel worth Rs. 168 crores. Hindustan Construction Company (HCC) said that the Tata Steel contract is for executing civil works for the Kalinganagar project in Orissa.  HCC focusses on constructing activities relating to power plants, roads, ports, and urban infrastructure.

07 Jun 07 Larsen and Toubro (L&T) wins new contract

Larsen and Toubro (L&T) has informed the stock exchanges that it has won a new contract from ENOC Processing Company (EPCL) which is in Dubai, UAE. Larsen and Toubro (L&T) has announced that the contract is for building the mechanical erection work of the new process plants of ENOC’s naphtha hydro treated reformer. Larsen and Toubro (L&T) estimates the contract to be worth about $ 51 million (Rs. 205 crores approx.)

06 Jun 07 Mercator Lines wins new contract from Indian Oil

Leading shipping company, Mercator Lines has informed the stock exchanges that it has won a new order worth Rs. 200 crores from Indian Oil Corportaion (IOC). Mercator Lines will transport crude oil for Indian Oil corporation through the crude carriers that Mercator Lines possesses. Its ironical that IOC, which is a PSU, hasn’t awarded the crude transportation contract to shipping corporation of India (SCI) which is a PSU and the market leader in the shipping sector.

06 Jun 07 Sunil Hitech Engineers wins building contracts

Sunil Hitech Engineers has informed the stock exchanges that it has won 2 new orders from the Maharashtra State Power Generation Company. The contracts are for carrying out construction work. These new orders are cummulatively worth Rs. 152 crores. The order win boosted the share prices of Sunil Hitech Engineers. Sunil Hitech Engineers shares are currently trading at 52 week (year) high.

06 Jun 07 GEI Industrial Systems wins export orders

GEI Industrial Systems has informed the stock exchanges that it has won export orders worth Rs. 35 crores for the export of gas coolers and lube oil coolers. GEI Industrial Systems will export gas coolers to US based Solar Turbine Inc and will export lube oil coolers to Oman Gas Company. GEI Industrial Systems’ shares moved up by about 4% following this announcement.

05 Jun 07 GMR Infrastructure bags Chhattisgarh Thermal Power Plant project

GMR Infrastructure informed the stock exchanges that GMR Energy which takes care of GMR Group’s energy business and is a subsidiary of GMR Infrastructure, has signed a memorandum of understanding (MOU) with the Chhattisgarh government to construct, operate and maintain a coal based Thermal Power Plant in Chhattisgarh. As per the MOU, the state of Chhattisgarh has the right to purchase up to 30% of power from the Thermal Power Plant built by GMR Infrastructure for a period of 20 years through its nominated agency.