The first unit of the project is scheduled to be completed in 29 months and the second unit in 32 months
Chennai-based BGR Energy Systems has bagged a Rs1,698-crore EPC (engineering, procurement and construction) contract from New Delhi-based TRN Energy Pvt Ltd for setting up a coal-based thermal power project in Chhattisgarh.
The turnkey contract is for setting up a 2x300-MW project at Nawapara village in Chhattisgarh, a company release said.
The first unit of the project is scheduled to be completed in 29 months and the second unit in 32 months, it said. The order value includes foreign currency content of $188 million at an exchange rate of Rs44.70, the company said, adding that the contract provides for foreign exchange variation protection to the company at the actual exchange rate.
In the late afternoon, BGR Energy Systems was trading at around Rs282 per share on the Bombay Stock Exchange, 1.18% up from the previous close.
Unitech reported a 47% decline in its consolidated net profit at Rs92.46 crore for the quarter ended September 30, 2011
Realty major Unitech said the company has sold 3.71 million sq ft of area worth Rs2,088 crore and reduced its debt by nearly Rs400 crore in the first half of this fiscal.
In a presentation, the company said that it has launched nearly 6 million sq ft between April and September period of this fiscal.
“Over Rs 2,000 crore of sales bookings achieved during H1 2011-12,” it said, adding that the average sales realisation stood at Rs5,633 per sq ft.
Out of 3.71 million sq ft that it sold during the first half of this fiscal, Unitech said the housing sector accounted for 3.22 million sq ft.
In sales booking, the housing segment contributed Rs1,565 crore, while the non-residential vertical accounted for Rs523 crore, the presentation said.
Unitech said its debt has reduced by Rs394.69 crore in the first half of the current financial year. The company had a consolidated net debt of Rs5,144 crore as of September 30.
Unitech reported a 47% decline in its consolidated net profit at Rs92.46 crore for the quarter ended September 30, 2011. The net sales fell by 3% to Rs626.06 crore in the second quarter of the current fiscal against Rs644.51 crore in the same period of the last fiscal.
In the late afternoon, Unitech was trading at around Rs23.20 per share on the Bombay Stock Exchange, 6.26% down from the previous close.
According to the study, more Indians log on to social media sites, they also engage with brands online
In its recent study conducted by Nielsen, a global information and media company, highlighted that the number of social media users on mobile phones in India is expected to exceed those accessing similar sites on personal computers (PCs) in the coming year.
According to the study, more Indians log on to social media sites, they also engage with brands online. The report states that brand engagement is also influential in the buying process. Of the 39% of consumers who consider a recommendation for a product on a social networking site when making a purchase decision, three out of four will often purchase the products based on the review.
On a scale of one to 10, where a level of 10 is the most engaged, the Nielsen Engagement Index shows that all brands cluster around a score of seven—regardless of whether a fan page has one or 4.5 million fans. One in six respondents wants brands to share updates with him on new products and services. 53% want announcements on sales or discounts and 50% want to hear about the latest industry trends. 48% consumers also want brands to provide tips and tricks about how to maintain and use products/services.
The facts from the study were discussed at the session, "More Indian Consumers to Choose Mobile Over PC for Social Media BY 2012" that took place at the 2011 edition of Nielsen's annual conference, "Consumer 360 India," at The Grand, Delhi.