Dalal Street

Gateway Distriparks has announced that the company’s subsidiary, Gateway Rail Freight (GRFL) has signed an agreement with Container Corporation of India (CONCOR) in March 2007 to form a joint venture company and operate the rail-linked inland container depot (ICD) at Garhi Harsaru, Gurgaon.

The parties to the above agreement reached closure of the terms of the agreement and the joint venture company, Container Gateway (CGL) has become operational with effect from 01 December 2007. GatewayRail and CONCOR have shareholding in the ratio of 51:49 respectively in Container Gateway.

Diamond Cables has invested in the financial & managerial restructuring of India’s one of the leading power and distribution transformer manufacturer, Apex Electricals in June 2007.
Apex Electricals Ltd. established in 1967, was India’s Leading Power Transformer manufacturer operating with collaboration with ELIN of Austria and manufactured power transformer upto 315 MVA, 220 KV class.

The company has informed that, pursuant to investment and management restructuring from Diamond Power Infrastructure and Financial Investment from Clearwater Capital Partners India, the power transformer manufacturing facilities at Vadodara was totally rewamped to bring to its world class manufacturing facility.

Further, the company pleased to announce the operations of the power transformer facility with 7500 MVA have commenced operations with effect from 03 December 2007 at 10.00 hrs.

Asian Oilfield has informed us that the company has won two orders, the first valued at Rs 44.55 crore is from ONGC Jorhat office for acquisition of 2D Seismic Data in Nagaland. The project is to be executed within 400 operating days.

The other contract valued at Rs 15.17 crore from ONGC Baroda office is for providing integrated seismic job services & shot hole drilling services. The work on this project will start in December 2007 and will continue for field season 2007-08 & 2008-09.

Punj Lloyd has informed us that Sembawang Engineers and Constructors, a wholly owned subsidiary of the company has won a major contract worth Rs 1272 crore for architectural, civil and structural work at the proposed Bayfront MRT station in Marina Bay in Singapore. The contract has been awarded by land transport authority of Singapore.