ABB bags Rs.220-crore order from Tata Projects

October 13th, 2009 RAIPUR - India's largest private sector steel maker, Tata Steel, will invest Rs.2,000 crore on environment conservation at its Rs.19,500-crore plant coming up in Chhattisgarh's militancy-hit Bastar district. "Tata Steel officials made a presentation at a public hearing on Monday for environmental clearance and committed to invest Rs.2,000 crore on environment conservation," Bastar district collector M.S.

September 1st, 2009 KOLKATA - TATA Group chairman Ratan Tata on Tuesday told a press conference here that the failed NANO plant at Singur had cost him about 500 crore rupees, and he was willing to return the land if the State Government compensated Tata Motors. "We do not want to sit on the land.

August 31st, 2009 MUMBAI - The high-priced acquisition of Jaguar Land Rover (JLR) and dipping volumes have taken their toll on Tata Motors, which reported a loss of Rs.328.78 crore in the first quarter ended June 30, as compared to a profit of Rs.719.69 crore logged in the same quarter the previous fiscal. The company's consolidated gross revenue for the first quarter of the current fiscal stood at Rs.16,953.63 crore, while it was Rs.15,496.28 crore in the year-ago period.

July 31st, 2009 NEW DELHI - Tata Power's net profit for the quarter ended June 30 has more than doubled to Rs.396.97 crore ($83 million) as compared to Rs.162.55 crore in the like period last year. The total income has increased marginally to Rs.2,123.2 crore from Rs.2,113.3 crore, the company said in a statement.

July 29th, 2009 MUMBAI - Steel major Tata Steel's net profit fell 46.93 percent in the quarter ended June 30 to Rs.789.83 crore ($163 million) from Rs.1,488.4 crore in the like period last year. Total income of the company decreased 8.16 percent to Rs.5,661.89 crore during the quarter from Rs.6,165.14 crore a year earlier.

July 25th, 2009 MUMBAI - Telecom services provider Tata Communications Saturday said its net profit for the quarter ended June 30 fell 67 percent to Rs.32 crore ($6.6 million) as against Rs.98 crore in the same period last fiscal. Tata's stand-alone revenue also fell 3.2 percent to Rs.843 crore for the quarter under review from Rs.871 crore, the company said in a statement.

July 10th, 2009 NEW DELHI - Engineering and construction conglomerate Punj Lloyd Friday said it has bagged three projects in Libya worth Rs.5,904 crore ($1.2 billion) for building commercial and residential complexes. The contracts were awarded to Sembawang Engineers and Constructors - a wholly-owned Punj Lloyd subsidiary in Tripoli, Libya - by the International Investment and Services Co, the company said in a regulatory statement.

July 1st, 2009 MUMBAI - Engineering and construction major Larsen and Toubro (L&T) has bagged orders aggregating Rs.651 crore (Rs.6.51 billion/$135 million) for two hydrocarbon projects. It has won a Rs.440-crore contract from HPCL-Mittal Energy to build a greenfield refinery at Bathinda, the company said in a regulatory statement Wednesday.

June 26th, 2009 MUMBAI - Leading vehicle maker Tata Motors has posted a huge loss of Rs.2,505.25 crore ($520 million) in 2008-09 as against a profit of Rs.2,167.7 crore recorded the year before, thanks to the global slowdown and losses made by its British unit. Its turnover, however, almost doubled to Rs.70,938.85 crore last year from Rs.35,660.07 crore in 2007-08, the company said in a statement.

June 24th, 2009 NEW DELHI - Tata DoCoMo, the joint venture between telecom majors Tata Teleservices and NTT DoCoMo of Japan, commercially launched GSM telephony operations in Chennai and Tamil Nadu circles Wednesday. Tata DoCoMo's pan-India service rollout will be completed this year, with entire south Indian circles going "live" in a fortnight, it said in a statement.

May 30th, 2009 MUMBAI - Tata Steel has reached an agreement with lenders of Tata Steel UK for resetting the covenants on the 3.7 billion pound loan raised for the acquisition of Anglo-Dutch steel maker Corus. This comes two days after group company Tata Motors announced a revision in the maturity deadline on the bridge loan for its acquisition of Jaguar Land Rover (JLR).

May 6th, 2009 JAMSHEDPUR - Industrial Energy Ltd (IEL), a joint venture between Tata Steel and Tata Power, Wednesday commissioned a 120-MW power plant that will run on waste gas produced by the steel major. The plant, built at an investment of Rs.490 crore, will supply the entire generated power to Tata Steel to help the company meet its growing power requirements in its Jamshedpur unit, an official statement said.

March 30th, 2009 MUMBAI - Engineering and construction major Larsen and Toubro (L&T) has bagged a Rs.345 crore ($67.5 million) order from the Nuclear Power Corp of India (NPCI) for supply of four steam generators, it was announced Monday. The steam generators are critical and long lead equipment which will be supplied to the Kakrapar Atomic Power Project-3 and 4, L&T said in a statement.

February 26th, 2009 NEW DELHI - Construction and engineering major Larsen and Toubro (L&T) Thursday said it has bagged new orders worth Rs.1,162 crore (Rs.11.62 billion) for the construction of factories and residential projects. The orders have been bagged by L&T's Buildings and Factories Operating Co, which is part of its construction division.

January 28th, 2009 NEW DELHI - Auto major Tata Motors has bagged a contract worth Rs.22 billion (Rs.2,200 crore) from the Delhi Transport Corp (DTC) to supply 1,625 low-floor buses and maintain them for 12 years, the company announced Thursday. The contract comprises about Rs.9 billion for the supply of buses and Rs.13 billion for their 12-year maintenance, Tata Motors said in a statement.