Year: 2007

IVRCL Infrastructures & Projects has bagged lift irrigation works of the value of Rs 761.24 crore of handri niva sujala shravanthi (HNSS) project main canal for stage II of phase 1 in Kurnool and Anantapur Districts of Andhra Pradesh, on EPC turkey basis which includes investigation, design, manufacture, supply of pumps, motors and pressure mains at site of work including erection, commissioning and testing 8 numbers at each pumping station of hydro-mechanical, electro-mechanical and other accessories etc. complete equipment required and maintenance of 12 pumps at each pumping station and the system for 15 years, awarded by Government of Andhra Pradesh, irrigation & CAD department

Petron Engineering bagged a Rs 1.33-crore contract from Vedanta Alumina for installation of anode, grouping & cleaning system for its aluminium smelter project at Jharsuguda, Orissa. It had also secured a Rs 127-crore contract for supply of fired heaters for the Bina Refinery project being developed by Bharat Oman Refineries (a company promoted by Bharat Petroleum Corporation and Oman Oil Company).

Larsen & Toubro (L&T) minutes ago announced that Indian Oil Corporation (IOCL) has awarded to the company, a large project order comprising two trains of 300 tonnes per day sulphur recovery units (EPCC – 5) along with associated facilities such as amine regeneration unit sour water stripper & tail gas treatment unit for enhanced sulfur recovery up to 99.9%. This would enable IOCL in the production of low sulphur clean fuels to meet regulatory requirements. The order is valued at Rs 693 crore.

IOCL which operates one of its biggest refineries located at Koyali on the outskirts at Vadodara city in the State of Gujarat, India, intends to set up these sulphur recovery plants as part of their fuels Upgradation project and have awarded the order on EPC basis to the company. Toyo Engineering India has been retained by IOCL to provide services for project management consultancy (PMC) and Black & Veatch (USA) are the process licensors.

Here are some Trading Ideas for the day – Oct-9th

Triveni Engg – Trading in a falling channel.
Sell below 97
Stop Loss: 98
Target: 89.50 / 83 / lower

RNRL – Ambani is falling
Sell Below Rs 85
Stop Loss Rs 86
Target Rs 80.50 / 78 / Lower

Omaxe Ltd – Fails to recover
Sell Below Rs 312
Stop Loss Rs 314
Target 298 / 288 / Lower

Start booking partial profits on achieving first / second target.

Suzlon Energy has annouced that Suzlon Wind Energy Corporation, the US-based step-down wholly owned subsidiary of the company has signed a contract for a 400 MW of wind turbine capacity with Horizon Wind of Houston, Texas, one of the largest wind power developers in the United States and also owned by portuguese utility EDP (energias de portugal, S.A.), a leading renewable energy developer in the world. The contract calls for delivery of 200 MW of turbine capacity in 2008 and another 200 MW of capacity in 2009.

Rajesh Exports’ net profit rose 156.33% to Rs 54.24 crore on 19.38% rise in sales to Rs 2044.21 crore in Q2 September 2007 over Q2 September 2006.

The mid-cap jewellery retailer has an equity capital of Rs 7.39 crore. Face value per share is Rs 2. Rajesh Exports manufactures and sells gold jewellery. It imports raw gold from mines across the world. The jewellery manufactured is exported across the world, and distributed all over the country.