ABC India gets orders worth Rs114 crore for project logistics

ABC India has secured four orders worth Rs114 crore from various companies for logistics related work.

The scope of work includes logistics and transportation of equipment for infrastructure and industrial projects. ABC India's total order book in project logistics currently stands at Rs165 crore.

On Thursday, ABC India shares ended 4% up at Rs129 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.1% up to 18,454 points.

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Varun Industries signs joint venture with Cluff Resources Pacific for exploration of gold projects in Southern Madagascar

Varun Industries Ltd said it has entered a joint venture with an Australian-based company Cluff Resources Pacific NL for exploration and development of gold, platinum and gem stone projects in Southern Madagascar.

According to Varun Industries, preliminary investigations have indicated the presence of alluvial sediments containing both gold and platinum. After initial evaluation, the focus of the joint venture would be to carry out a detailed mapping assessment of this area, with Cluff providing Australian geologists and applying its technology, said the company in a regulatory filing.

On Thursday, Varun Industries shares gained 3.8% to Rs143 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.1% up to 18,454 points.

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Subex renews multi-million dollar contract with Malaysian company

Subex Ltd, provider of operations and business support systems for communications service providers (CSP), said it has renewed its ROC revenue assurance contract for three years with a CSP in Malaysia.

The multi-million dollar contract involves Subex providing ROC revenue assurance service to the Malaysian company.

On Thursday, Subex shares ended 1.9% up at Rs53 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.1% up to 18,454 points.

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