02 Jun 07 Parsvnath Developers new township: Parsvnath Paliwal City
Leading Indian real estate and construction company, Parsvnath Developers, has recently informed the stock exchanges that it is all set to launch an ultra modern township called Parsvnath Paliwal City in sector 38 and 39 of Panipat. Parsvnath Paliwal City is located near Devilal Choudhary Park and is spread over 162 acres. Mr. Sanjeev Jain who is the Managing Director of Parsvnath Developers said, “Parsvnath Paliwal City is built keeping in mind the opportunities to explore the huge demand for quality services in Panipat”
01 Jun 07 Educomp Solutions wins new order
Educomp Solutions has informed the stock exchanges that it has won a new order worth Rs. 71.6 crores from the Gujarat government to train students in over 2800 schools in the state of Gujarat, in computers, over a period of next three years. This is the second such order that Educomp Solutions is receiving, in less than 2 months. In April, Educomp Solutions received a similar order, worth Rs. 18.30 crores from the Haryana Government.
01 Jun 07 Sobha Developers enters retail under Sobha Restoplus brand
Bangalore based real estate firm Sobha Developers has recently entered into the booming retailing business with the launch of Sobha Lifestyle. Sobha Developers through Sobha Lifestyle has invested Rs. 17 crores on the spring mattresses business and will see these mattresses under the brand name Sobha Restoplus. Sobha Lifestyle has recently received an order for the Sobha Restoplus spring mattresses from Infosys Technologies worth Rs. 2.40 crores.
31 May 07 Mumbai to get a New Airport
India’s financial capital, Mumbai will get a new airport soon. The Mumbai airport handles the highest air traffic in India and is always crowded during peak hours like mornings and late evenings. The Union cabinet has approved the construction of a new airport in Mumbai. The civil aviation minister said that the new Mumbai Airport will cost Rs 10,000 crores. Tenders for the Mumbai airport project will be awarded next year.
30 May 07 Patel Engineering wins huge order
Patel Engineering has informed the stock exchanges that it has won a new order worth Rs. 518 crores from the National Highways Authority of India (NHAI). Rumours about Patel Engineering winning a huge order hit the market on monday itself. Hence the Patel Engineering shares moved up smartly for the past 2 days. It reached its peak this afternoon and then went into correction mode. Those who bought Patel Engineering shares on monday and sold them this afternoon (as soon as the announcement was made) would be laughing their way to the bank.
30 May 07 Oriental Trimex gets minning rights
Oriental Trimex, a leading producer of tiles and granites in India, has informed the stock exchanges that it has acquired exclusive rights for mining decorative stones at a village called Potteru in Malkangiri district in the state of Orissa. Following this announcement the shares of Oriental Trimex witnessed good buying interest from all classes of investors.
30 May 07 Patel Engineering
Sources say that an agent of a leading brokerage house is recommending Patel Engineering to clients because of expectations of a price surge on rumours of Patel Engineering bagging a huge new order. I’m not sure how far these rumours can be beleived but as the old wall street adage goes, buy on rumours, sell on news! There is a good buying interest building up in the Patel Engineering counter for the past few days. Patel Engineering is certainly in my radar now.
29 May 07 Tata Steel and Vietnam Steel joint venture
Tata Steel has informed the stock exchanges that it has signed a MOU with Vietnam Steel Corporation for a steel project in Vietnam. The proposed steel project will come up in Ha Tinh province in Vietnam. This new project will be a huge boost to Tata Steel and will enhance the production capacity of Tata Steel leveraging on the cheap labour available in the Ha Tinh province in Vietnam.
29 May 07 Tantia Constructions bags new projects
Tantia Constructions has informed the stock exchanges that it has bagged a couple of prestigious projects in the month of May 2007. Tantia Constructions has informed the stock exchanges that the aggregate value of these contracts was over 178.5 crores. These new orders add to the bulging order book of Tantia Constructions. After this announcement was made, the shares of Tantia Constructions witnessed good buying support.
29 May 07 Gayatri Projects bags new projects : Gets 5 orders
Gayatri Projects has informed the stock exchanges that, in the recent past, it has secured five new orders aggregating to Rs. 455.40 crores. Gayatri Projects is a leading construction cum infrastructure development company and is riding the urrent boom in this sector. These new orders add to the bulging order book of Gayatri Projects. The individual split up of the 5 new contracts secured by Gayatri Projects will be available soon.
21 May 07 IVRCL Infrastructures and Projects bags new order
Hyderabad based construction and infrastructure development company, IVRCL Infrastructures and Projects, has informed the Indian stock exchanges that it has recently bagged new orders for irrigation projects worth Rs. 551 crores from the Andhra Pradesh Government. These orders add to the bulging order book of IVRCL Infrastructures and Projects.
21 May 07 Gammon Macquarie combo bids for Chennai Airport Project
Gammon India, a leading Indian construction and infrastructure development company, has informed the Indian stock exchanges that Gammon India’s subsidiary has signed an agreement with Macquarie to jointly bid for the Chennai airport maintenance project. As per the agreement signed, Macquarie and Gammon will hold equal stakes in the Chennai airport maintenance project. If this project is won by the Gammon Macquarie combo, it will further add to the bulging order book size of Gammon India.
19 May 07 Larsen and Toubro (L&T) bags new order
Larsen and Toubro (L&T), a leading Indian construction and infrastructure development company, has informed the Indian stock exchanges that it has received two new orders cummulatively worth Rs. 412 crores. The order details are as under
- New order worth Rs. 332 crores for a lift irrigation project, awarded to Larsen and Toubro (L&T) and its Joint Venture partner Kirloskar Brothers by the state Government of Andhra Pradesh.
- Another new contract worth Rs. 80 crores from Rashtriya Ispat Nigam (RINL) for executing civil works in the Visakhapatnam steel plant.
16 May 07 Parsvnath Developers bags new project
Parsvnath Developers has informed the Indian stock exchanges that it has recently bagged a new project to develop a group housing complex in Jamnagar, Gujarat. Parsvnath Developers emerged successful in an auction tendered by Jamnagar Municipal Corporation. Parsvnath Developers already has presence in Ahmedabad wherein it is constructing a 5 star hotel with a mall and a multiplex.
16 May 07 PSL gets order from GAIL
PSL has informed the Indian stock exchanges that it has bagged a new order from GAIL India for supplying 124 kms of spiral pipe for Dabhol pipeline project. This project is worth Rs. 135 crores and adds to PSL Ltd’s bulging order book size of Rs. 2300 crores. This provides high earnings visibility making the PSL stock look very attractive. GAIL India has been giving new orders to many companies recently and the list includes Punj Lloyd (122.65 crores), Jaihind Projects (153 crores) and PSL (135 crores). All these orders are for the Dabhol pipeline project.
