Bajaj Energy ceases to be subsidiary of Bajaj Hindusthan

Bajaj Hindusthan's stake in Bajaj Energy -- the special purpose vehicle for 450 MW coal fired thermal power project -- has come down to 26.07% from earlier 51%, following further allotment of shares by the SPV

India's largest sugar firm Bajaj Hindusthan said Bajaj Energy, which is setting up five power plants in Uttar Pradesh with a total capacity of 450 MW, has ceased to be its subsidiary.

Bajaj Hindusthan's stake in Bajaj Energy -- the special purpose vehicle for 450 MW coal fired thermal power project -- has come down to 26.07% from earlier 51%, following further allotment of shares by the SPV, according to company's filing to the Bombay Stock Exchange (BSE).
 
In 2010, Bajaj Hindusthan had forayed into power venture. It had announced setting up five coal based power plants, each with 90 MW capacity, in UP adjacent to its 5 sugar plants.

The project cost was estimated to be at Rs2,300 crore.

In the late afternoon, Bajaj Hindusthan was trading at around Rs32.75 per share on the Bombay Stock Exchange, 5.48% up from the previous close.

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Man Infraconstruction secures orders worth Rs113 crore

The orders were from Tata Housing Development Company and Flagship Infrastructure.

Man Infraconstruction has secured work orders aggregating to approximately Rs113 crore for construction of residential towers in Mumbai and Pune. The orders were from Tata Housing Development Company and Flagship Infrastructure.

Man Infraconstruction is a leading construction company in India that has executed construction work for some of the most significant port projects. It has several other prestigious projects in the residential, commercial and industrial space as well.

In the late afternoon, Man Infraconstruction was trading at around Rs166 per share on the Bombay Stock Exchange, 1.78% up from the previous close.

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CCI wins order worth Rs29 crore from Power Grid

The order includes survey, planning, design, engineering, manufacturing, supply, transportation, insurance, delivery at site and commissioning of the cables

Cable Corporation of India (CCI) has won a cable supply order for a 110 kV EHV cable turnkey project worth Rs29 crore from Power Grid Corporation of India.

The total turnkey contract envisages a supply of 110 kV underground power cable and fibre optic cable package for connecting Vengatta Nagar and Marappalam substations in Puducherry.

The order includes survey, planning, design, engineering, manufacturing, supply, transportation, insurance, delivery at site and commissioning of the cables. CCI will be providing the single core 630 sq mm XLPE copper cable with lead sheath and HDPE outer sheath and underground fibre optics cable (24 fibre) complete with all associated materials for the three-phase, single circuit transmission link with a total route length of approximately 7 km.

The power cable link will transfer power at 110 kV through single circuit in trefoil formation with 1Cx630 sq mm size copper conductor in each phase.

In the late afternoon, Cable Corporation of India was trading at around Rs24.30 per share on the Bombay Stock Exchange, 7.28% up from the previous close.

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