TOP CORPORATE NEWS
BHEL rises on commissioning
Thermal Unit in Tamil Nadu
Bharat Heavy
Electricals Ltd ( BHEL) gained over 2%, touching to Rs270.6, after the company
said it has successfully commissioned the second 500 megawatts unit at
Tuticorin Thermal Power Station.
The first 500 MW
unit of the project was commissioned by BHEL on 10th March, 2015. Tuticorin TPS
has been set up by NLC Tamil Nadu Power Limited ( NTPL), a joint venture of
Neyveli Lignite Corporation ( NLC) and Tamil Nadu Generation and Distribution
Corporation.
Diamond Power secures export
order $ 14.5 mn
Diamond Power
Infrastructure announced the receipt of an export order aggregating $ 14.5 million
for supply of 4600 kms of Ariel Bunch Cables to Iraq. The order is to be
executed from September 2015, in subsequent 8 months. The Company's present
order book position stands at Rs 2400 crore.
GSFC plans to set up
petrochemical complex at Dahej
Gujarat State Fertilizers & Chemicals ( GSFC) announced that the Company
is contemplating to set up the petrochemical complex at Dahej with an estimated
capital outlay between Rs8000 to 10000 crore. The status of this complex at
present is at the feasibility study/DPR as well as search/ selection of
technology suppliers.
Wipro buys Denmark firm
Designit for $95 million
Wipro Ltd has
acquired Denmark-based Designit for $95 million (around Rs.600 crore) to
strengthen its presence in the digital space. Designit, with revenue of $30
million, is its first big step in eventually generating $1 billion of revenue
from its new Wipro Digital arm. Denmark-based Designit, which employs 300
people, offers clients across healthcare, automotive and consumer goods
industries, solutions in strategic design and innovation services, including
product, service, and experience design.
Bombay Dyeing gets nod for
sale of Pune unit
Bombay Dyeing gets
nod for sale of Pune unit – Positive read thru The company plans to sell the
textile processing unit at Ranjangaon in Pune on a slump-sale basis for Rs 230
crore to Oasis Procon Pvt Ltd.
Cipla to set up new
subsidiary for consumer care business
Cipla approved
the divestment of its consumer healthcare business to a wholly owned subsidiary
for a consideration of Rs 10.5 crore. The consumer healthcare division reported
sales of Rs 34.88 crore, or about 0.3% of total revenue, in the year ended 31
March. The transaction is expected to be completed in the third quarter of the
current fiscal year. The aforesaid divestment would enable the company to
participate in the attractive and growing over-the-counter (OTC) market
Andhra Pradesh to expand
power generation by investing Rs 30000 crore
Andhra Pradesh
state power utility has chalked out an aggressive plan to expand power
generation and strengthen transmission & distribution network, by investing
around Rs30000 crore. Potential opportunities for BHEL for BTG and T&D EPC
opportunities for Kalpataru, KEC and L&T.
Wind power can attract Rs1
lakh crore investments by 2020 says CRISIL
India's wind
power sector can attract Rs1 lakh crore worth of investments by 2020, according
to a report by ratings and research firm CRISIL. Wind power capacity in India
has grown an impressive five-fold in the last 10 years, touching 23,000
megawatt (mw) in March 2015.
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