Entries Tagged 'Indian-Stock-Markets' ↓

IVRCL Infrastructure Limited in an annoucment made to the stock exchanges has informed that the company has bagged three orders worth Rs. 329.32 crore from NRDA, Pimpri Muncipal Corporation and Tamilnadu Water Supply and Drainage Board.

The company has issued a statement elaborating the orders recieved from various sources, which are as follows

Two Orders recieved from Pune Region : Awarded by Naya Raipur Development Authority (NRDA) and the value of the order is 179.12 crore and the second one is from Pimpri Chinchwad Municipal Corporation and the value of the order is 124 crore.

Contract recieved from Chennai Region worth 25.24 crore from Tamilnadu Water Supply and Drainage Board.

PowerGrid Corporation of India shares moved up today on the news of  Joint Venture agreement they have made with Reliance Energy. Power Grid Corporation will own 26 per cent in the newly made Joint Venture company to set up 300 Km of Power Transmission lines from Parbati to Koldam and Koldam to Ludhiana.

The stock is currently trading at Rs. 153.45 up 1.56 per cent on the BSE at 12.25 pm.

Deccan Aviation Stock prices moved up 5 per cent on the BSE today on expectations that, Kingfisher company is planning a Reverse Merger with Deccan Aviation which would enable the Kingfisher Airlines to use the Deccan Aviation International Flying License to fly Kingfisher to abroad destinations.

This reverse merger move will strengthen Deccan as the value of Kingfisher will be added to the Deccan Stock, both airline companies denied such moves though.

“The Deccan stock has flared up on rumours that the reverse merger ratio could be in favour of Deccan,’’ said an analyst with a broking house in Mumbai who did not wish to be identified. ‘’Someone has taken a call on the stock and the spurt is not necessarily based on fundamentals,’’ said the analyst.

Deccan Aviation Stock prices moved up nearly 30% in the last one month based on this merger news.

Stock Prices of Deccan Aviation are last trading at Rs. 200 on the NSE.

Essar Steel today in an annoucement made to the stock exchanges has informed that the buy back price for its delisting has been fixed at Rs. 48 per share. Promoters of the company will buy shares from the public for a period of 6 months from the date of the Delisting approval by the BSE and NSE for which the company has applied.

Essar Steel Shares, once the approval is received from the Exchanges will not be traded on both BSE and NSE exchanges. As per the delisting norms, a company needs to hold 90% stake in the total public equity shares.

Essar Steel stock price closed today at Rs 51, down 12.97 % on the BSE.

Simplex Infrastructures Limited, today in an annoucement made to the stock exchanges has informed that the company has secured two orders worth Rs. 680 crore from the Mumbai Metropolitan Region Development Authority. With securing this two orders the company’s order book now stands at over Rs. 7000 crore. Out of the two orders received from the MMRDA, the first one is for the construction of Eastern Freeway from Prince Wales Museum to Anik Panjarapole Link Road, Mumbai and the second order is for the construction of Flyover on Dr. Babasaheb Ambedkar Road, Mumbai.

Stock price of the company closed today at Rs. 577.05 up 0.16% on the NSE.

National Thermal Power Corporation Limited today became the seventh company in Indian Stock Markets, to cross the two trillion market capitalisation.

NTPC today moved up sharply by 6.65 per cent to close at Rs 253.50 on the BSE, the stock touched an intra-day high of Rs 257.40 on the BSE.

Reliance Industries, ONGC, Bharti Airtel, MMTC , Wipro and NMDC are the other six companies to have crossed the two trillion market capitalisation.

Power Grid Corporation has bagged the Rs 42 billion Maithon-Bokara mega transmission project as per the reports available from various news sources

Maithon-Bokaro is a generation link project and was to under go the international bidding procedure for awarding the project, but later the plan was dropped as the project needs to be up before the 2010 Commonwealth games.

Shares of the Power Grid Corporation gained Rs 2.3, or 1.57%  as on 2.10 pm on the BSE.