Entries Tagged 'Stock News' ↓

MSK Projects India received order worth of Rs 764.5 million from Madhya Pradesh Road Development Corporation for execution of the Package-7 Khandwa-Khargone (SH-26) road project.

MSK Projects is a company engaged in construction activities. The company primarily undertakes projects in the road sector on build, operate & transfer (BOT) basis. It also undertakes construction projects like building bridges, industrial structures and buildings.

Sadbhav Engineering secures order worth Rs 1.97 billion from Madhya Pradesh Road Development Corporation (MPRDC).

The project involves construction of road from Shivpuri to Sheopur (SH-06) and from Seoni to Chiraidongri (SH-11A) and is worth Rs 1.15 billion and Rs 0.89 billion respectively.

Goldman Sachs Investments and UBS Securities acquired 6.28% stake in Shrenuj and Company, by purchasing 3.936 million shares of the company at Rs 42.50 a share in a total deal value of Rs 16.72 Crore.

Goldman Sachs has purchased 2 million shares while UBS Securities bought 1.936 million shares of Shenuj and Company.
Shares of the Shenuj were last trading up Rs 2.45, or 5.47%, at Rs 47.20 based on the above stake pick news in the markets.

Gayatri Projects one of India’s fastest-growing construction companies  bagged a new order worth Rs 3.12 billion, for improvement of Naranpur, Pandapada, Harichandanpur, Bramhanipal, Duburi Roads in the district of Keonjhar and Jajpur in Orissa from the Orissa State Government.

Shares of Gayatri Projects company gained Rs 8.95, or 3.12%, and are currently trading at Rs 295.95.

Reliance Industries, India’s largest private sector company, through its wholly owned subsidiary Reliance Industries Middle East acquired a majority stake in Gulf Africa Petroleum Corporation (GAPCO).                                                             

Reliance eyes 50% stake in Kenya refinery : According to market sources Reliance Industries is also planning to acquire 50% stake in Kenya Petroleum Refineries.

50 % of Kenya Petroleum Refineries is owned by the Kenyan Government and the rest of 50% stake is owned by  Shell, BP Plc and Chevron. However, its not clearly known on whose stake is Reliance Industries is planning to acquire.

Apeejay Tea board of Directors at its meeting held on Sep. 04, 2007, approved delisting of  Apeejay Tea shares on Bombay Stock Exchange (BSE).

The company swung to a loss for the quarter ended June 2007. During the quarter, the company posted loss of Rs 7.8 million, compared with a profit of Rs 3.20 million in the corresponding quarter, last year.

Net sales for the quarter declined 8.20% to Rs 134.40 million, compared with the corresponding quarter, a year ago.

Shares of the company closed up Rs 10.6, or 9.81%, at Rs 118.6. The total volume of shares traded at the BSE was 54,666. (Tuesday)

NTPC has touched a 52-week high of Rs 187.90 on Nse and has closed at 185.35 . The trading volumes of NTPC are 7,726,763 shares. On Friday the share closed up 4.27% or Rs 7.10 at Rs 173.30.