Hindustan Construction bags Rs.229-crore power project

October 6th, 2009 MUMBAI - Engineering and construction major Larsen and Toubro (L&T) has bagged orders worth Rs.1,513 crore during the second quarter this fiscal, the company said Tuesday. Buildings and Factories Operating Co, part of L&T's construction division, has secured a Rs.621-crore contract from DB Hospitality Ltd for building a high-rise tower, India Tower, at Charni road, Mumbai.

September 24th, 2009 MUMBAI - Construction and engineering firm Larsen and Toubro (L&T) Thursday said it has received an order worth over Rs.2,000 crore from GMR Energy for setting up a gas-based power plant in Andhra Pradesh. As a part of the order, L&T will design and manufacture critical equipment like heat recovery steam generators, switchgear and cooling towers for the for the 2x384 MW gas-based power plant at Vemagiri, the company said in a regulatory statement.

September 11th, 2009 CHENNAI - Power equipment major Bharat Heavy Electricals Ltd (BHEL) has won a Rs.1,300-crore order from NTPC Tamil Nadu Energy Co Ltd (NTECL) for supplying boilers, turbines and generators. NTECL, which is setting up a 3x500 MW power plant at Vallur near here, is a joint venture between power utility NTPC and Tamil Nadu Electricity Board.

August 24th, 2009 SHIMLA - Himachal Pradesh-based knitting and weaving products firm Winsome Textile has outlined a Rs.143-crore expansion programme after banks approved its debt restructuring plan, a top company official has said. "After getting clearance from banks for debt restructuring, we have plans to invest Rs.143 crore in three divisions -- spinning, dyeing and power," managing director Ashish Bagrodia told IANS.

July 24th, 2009 MUMBAI - Operating profits of construction major Hindustan Construction Co (HCC) rose 22 percent to Rs.112 crore for the first quarter this fiscal, as compared to Rs.91 crore posted in the year-ago period. The company's turnover increased 8 percent to a little over Rs.964 crore from Rs.895 crore in the corresponding period the previous fiscal, the company said in a regulatory statement Friday.

July 14th, 2009 NEW DELHI - Elated by the successful execution of India's first sea link in Mumbai, Hindustan Construction Corp (HCC) is eyeing some Rs.30,000 crore (Rs.300 billion/$6 billion) worth of projects in three years, a top company official said here Tuesday. "Our target for next three years is to get an order-book of Rs.30,000 crore and we are hopeful that we will achieve it," said HCC chairman and managing director Ajit Gulabchand.

June 29th, 2009 NEW DELHI - State-run power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) has bagged an order worth Rs.170 crore from Chennai Petroleum Corp (CPC) to set up a gas turbine at its Manali refinery. BHEL will develop 20 MW co-generation power plant at CPC's Manali refinery.

June 4th, 2009 NEW DELHI - Realty major Parsvnath Developers has bagged an order worth Rs.19.86 crore from Delhi Metro Rail Corp for constructing a residential project at Mundka Depot here, the company said Thursday. In a regulatory statement, the company said it would build 130 flats during the second phase of the Delhi Mass Rapid Transport System (MRTS) project.

June 2nd, 2009 MUMBAI - State-run oil refining and marketing major Hindustan Petroleum Co Ltd (HPCL) Tuesday reported 44.5 percent fall in consolidated net profit for 2008-09 at Rs.757.32 crore, down from Rs.1,364.1 crore recorded the year before. However, the overall turnover during the period marked an increase of 16.5 percent at Rs.129,978.82 crore, comparing to Rs.111,603.58 crore in 2007-08.

June 1st, 2009 NEW DELHI - Realty major Parsvnath Developers Monday said it had received approval for its luxury housing project at Civil Lines in Delhi and was expecting a return of Rs.1,300 crore from the project in three years. Parsvnath Landmark Developers, a subsidiary of Parsvnath Developers, has received all approvals to start construction of the project, comprising 453 units with a built-up area of 20 lakh square feet, the company said in a statement.

April 1st, 2009 MUMBAI - Larsen & Toubro (L&T), the country's leading engineering and construction conglomerate, Wednesday said it has bagged a Rs.1,245 crore (Rs.12.45 billion) contract for the construction of dams as part of the 1,200 MW Punatsangchhu-I hydroelectric Project in Bhutan. The project is being set up by the Punatsangchhu-I Hydroelectric Project Authority which has been constituted through an agreement between the governments of India and Bhutan, a company statement said.

March 31st, 2009 MUMBAI - Engineering and construction major Larsen and Toubro (L&T) has bagged orders worth Rs.1,100 crore in the electrical construction sector in the January-March quarter, the company said Tuesday. The orders have come from two public sector organisations - Power Grid Corp of India Ltd (PGCIL) and Rail Vikas Nigam Ltd - and involves setting up of high-end transmission lines and sub-stations as well as completing a project for the Indian Railways, a company 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.

January 22nd, 2009 MUMBAI - Infrastructure major Hindustan Construction Co. (HCC) has bagged a Rs.27.26-billion (Rs.2,726-crore) contract to build a 330-MW hydel power plant in Jammu and Kashmir, a top official said Friday.

January 19th, 2009 NEW DELHI - A consortium led by infrastructure major Hindustan Construction Co. (HCC) has bagged a Rs.1,415-crore (Rs.14.15-billion) six-lane highway project connecting Maharashtra and Madhya Pradesh, the company said Tuesday.