Dalal Street

Suzlon Energy has informed us that Suzlon Energy Australia, Australia; the step-down wholly owned subsidiary of the company has signed two major new orders in Australia. The contracts totaling over 200 MW of capacity were signed with Sydney’s renewable power ventures and utility major AGL Energy.

The contract with RPV calls for delivery of 63 units of Suzlon S88-2.1 MW wind turbines translating to 132 MW capacity and the wind farm project pertaining to the said supply is scheduled for completion in the first half of 2009. Whereas the contract with AGL Energy calls for delivery of 34 units of Suzlon S88-2.I MW wind turbines and is scheduled for completion by 2009.

RTS Power Corporation has bagged new orders worth Rs 526.76 million for the supply of 4735 transformers and 1621.6 km cables from a number of turnkey orojects and other private sector players and SEBs.

The company has bagged orders worth about Rs 240 million from Kalpataru power transmission for the supply of transformers. Apart from this, the company has bagged orders from Sterling & Wilson, Nagarjuna Construction, Ramky Infrastructure and Associated Transrail Infrastructure. However, the total orders in hand at present stands at Rs 1244.86 million.

To expand new business dimensions, the company has successfully been able to rope in leading private players in the field of T & D namely Kalpataru Power, Nagarjuna Construction, Bajaj Electricals, Emco, Genus Infra, Subhash Projects, Associated Transrail, Jyoti Structures, Indo Power, Sterling & Wilson, Angelique International, K B Const, Samad Engg (Dhaka), etc.

Larsen & Toubro in consortium with Paul Wurth has bagged a Rs 580.74 crore order from SAIL for Up gradation of blast furnace No 2 at Bokaro steel plant on a turnkey basis. ECC, the company’s construction division will execute this order and the company’s portion of this order its valued at Rs 355.02 crore.

Paul Wurth’s scope covers basic engineering, supply of proprietary and special equipment as well as technical service while the company’s scope includes detail engineering, supply of indigenous mechanical, electrical equipment and instrumentation works as well as complete site services encompassing civil, structural and erection works.

The turnkey project is to be completed in a stringent schedule of 21 months including shutdown of 150 days. The company has core expertise in rebuilding blast furnaces and is reputed for timely execution of similar projects in the past.

This partnership is expected to generate significant returns targeting the first premium income of Rs 100 crore after one year of the launch of operations. Cholamandalam MS, General Insurance Company is a joint venture between Murugappa Group and Mitsui Sumitomo Insurance of Japan.

In the first phase of the rollout plan, IndusInd Bank plans to enable at least 150 of its 172 branches to sell Cholamandalam MS policies.

IndusInd Bank’s net profit rose 30% to Rs 22.34 crore in Q2 September 2007 over Q2 September 2006.