State-owned gas utility GAIL India Ltd said it placed orders worth Rs677 crore for laying a gas pipeline from Dabhol in Maharashtra to Bidadi in Bangalore.
The construction work will start by November 2010 and the pipeline will be ready by March 2012. The commissioning activities would take a couple of months more and the gas supplies are expected to start by June 2012, said the company in a statement.
The 1,400 km Dabhol-Bangalore pipeline project was approved by GAIL Board in June 2009 at a cost of Rs5,000 crore. The pipeline will have a capacity to carry 16 million standard cubic meters per day of natural gas.
The pipeline from Dabhol to Bidadi and two additional spur lines have been divided into 10 spreads. Of the 10 spreads, seven spreads have been awarded to Punj Lloyd Ltd, two spreads have been awarded to KSS-KSSIIPL consortium and one spread has been awarded to Advance Stimul Consortium.
On Thursday, GAIL shares fell 0.9% to Rs484 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.1% to 20,315 points.
State-owned Bharat Heavy Electricals Ltd (BHEL) today said it has won an order worth Rs3,700 crore from Karnataka Power Corp Ltd (KPCL). BHEL will set up 700 MW Bellary Thermal Power Station in Karnataka.
BHEL has commissioned about 5,000 MW of power generating sets in Karnataka, which include thermal as well as hydro units of various ratings, said the company in a statement.
The company is also executing the 2x800 MW Yeramarus Supercritical Thermal Power Station of Raichur Power Corporation Ltd, a joint venture between KPCL and BHEL. Raichur Power Corporation has been set up to build, own and operate supercritical thermal power plants in Karnataka.
On Thursday, BHEL shares shed 2.4% to Rs2,603 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.1% to 20,315 points
State-run Steel Authority of India Ltd (SAIL) said it has achieved, what it claims to be its best-ever quarterly sales of 3.17 million tonnes (MT) for the second quarter to end-September due to higher intake by the construction and manufacturing sectors.
In comparison to sales in the previous quarter (Q1), SAIL achieved a growth of 30.8%, it said in a statement.
However, the sales during the July-September quarter saw a marginal increase of about 3%, compared to the same period last fiscal, the previous best-second quarter sales of 3.08 MT.
The steelmaker said the sale of wire rods during the period increased by 60%, compared to the corresponding period last year besides higher sales of other products like bars, sheets and coils also witnessed.
During July-September quarter of 2010-11, SAIL sold 8.5 lakh tonnes of special and value-added steel products, showing a growth of 10.1% over the corresponding period last year, the statement added.
Special steels constituted 30% of the total domestic sales achieved in Q2. SAIL has an annual steel production capacity of about 14 MT.
On Thursday, SAIL shares ended 0.4% down at Rs225 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.1% to 20,315 points.