Alstom Projects India Ltd, a subsidiary of the France-based Alstom SA, on Wednesday said it has won an order worth Rs458 crore from state-run Bharat Heavy Electricals Ltd (BHEL) in Karnataka.
The company has received Rs458-crore contract from BHEL for supply of boiler components in Karnataka power plant, Alstom Projects India said in a filing to the Bombay Stock Exchange.
On Wednesday, Alstom Projects shares ended 2.9% higher at Rs670 on the Bombay Stock Exchange where the benchmark Sensex closed 1% up at 17,700 points.
Engineering and construction company Larsen and Toubro Ltd (L&T) on Wednesday said it won two orders worth Rs1383 crore from domestic and international markets.
The Electrical and Gulf Projects Operating Co, a part of L&T's construction division, has secured orders worth Rs1,015 crore from Transmission and Distribution Projects in the international and domestic markets.
L&T's Metallurgical, Material Handling and Water Operating Company, also a part of L&T's construction division, has won orders of about Rs368 crore from various clients.
On Wednesday, L&T shares ended 0.6% up at Rs1804 on the Bombay Stock Exchange where the benchmark Sensex closed 1% up at 17,700 points.
Nakoda Ltd , a maker of fully drawn yarn said it bought a polyester plant located at Kyunghan in South Korea with an total capital investment of $40 million.
“This acquisition marks our entry into new geographies. We plan to work collectively to close similar deals in future to expand our network across the globe. We have bought the plant and machineries only whereas the land and buildings are leased making the venture economical for us” said BG Jain, chairman and managing director, Nakoda Ltd.
Kyunghan is strategically located in the industrial hub of synthetic fiber manufacturing in South Korea with good connectivity to Seoul and Busan, which is the third busiest port in the world. The company will have benefit of easy availability of raw material, abundance of power, technocrats, skilled work force and sophisticated infrastructure, the company said in a release.
On Wednesday, Nakoda shares ended 4.9% higher at Rs13 on the Bombay Stock Exchange where the benchmark Sensex closed 1% up at 17,700 points.