GEI Industrial wins contract worth Rs135 crore from power sector

Heat transfer technology provider GEI Industrial Systems Ltd said it won a contract worth Rs135 crore for supply of 11 air cooled vacuum steam condensers (ACSC) for different plant capacities.

This includes three units of 80 MW independent power plants being set up by Sarda Energy in Visakhapatnam and Sterlite in Tuticorin, the order for which has been placed by Tata Projects India.

On Tuesday, GEI Industrial shares rose 1.7% to Rs184 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.1% to 20,104 points.

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PSL wins orders worth Rs565 crore

Pipe manufacturer PSL Ltd said it has won orders worth Rs565 crore from various companies. Among the new orders include an order worth Rs200 crore from Indian Oil Corporation Ltd, the company said in a statement.

On Tuesday, PSL shares ended 2.6% higher at Rs118 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.1% to 20,104 points.
 

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Financial Technologies’ platform to power Satco Securities’s trading operations

Financial Technologies India Ltd (FTIL), a trading solutions provider, said it provided its Internet-based trading (IBT) platform to Satco Securities and Financial Services Ltd. 

FTIL's trading platform is a high-end integrated trading application developed for retail traders. It is a web-enabled user friendly front-end interface for trading across various asset classes such as equities, futures & options, commodities, currency and spot, using a standard browser.


The IBT platform provides streaming quotes on a real-time basis, following the necessary orders and risk management system (RMS) validations. It has a single RMS platform for IBT as well as computer-to-computer link trading. The platform has low bandwidth, highly-acceptable graphical user interface and uniform support mechanisms among other driving factors.

Against a bandwidth of 15-17 kbps offered by other platforms for trading in the first 20 scrips, the bandwidth of FTIL's platform is much lower at 7-8 kbps. "Our trading platform, with its low bandwidth, provides much better access to market information about top gainers and losers of securities and contracts," said Manjay Shah, director (Business Development), FTIL.

FTIL platform also has features such as single sign-on for all investment opportunities, live and historical charting, after-market orders, paperless reports, investment tools and online portfolio. The platform works on advanced technology algorithm, facilitating higher accessibility and availability ensuring 'anywhere' and 'anytime' trading facility.

Besides, Satco Group has also designed a new trading platform (SatcoDirect) with the latest technology and flexible options. This platform works on the principle of optimisation of hardware and network requirement at the end-trader level and has been designed considering the mobility of investors and ease of access to real-time trading facilities.

On Tuesday, FTIL shares ended 07% down at Rs1,221 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.1% to 20,104 points.
 

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