Hindustan Dorr wins order for mineral, water division

Hindustan Dorr-Oliver Ltd said it won an order worth Rs135 crore for their mineral and water division.

The company said in a statement it won an order worth Rs63 crore from heavy water Board, government of India towards designing, engineering and manufacturing at the Department of Atomic Energy at their Kalpakam facility and the completion period of the project is 16 months.

Another order worth Rs36.5 crore is for effluent treatment plant (ETP) plant for the first ever Aromatic complex from ONGC-Mangalore Petrochemicals Ltd. The order is for complete effluent treatment plant of capacity 200 cum/hr for the Atomic SEZ.

The project is expected to be executed in 20 months.

On Monday, Hindustan Dorr-Oliver ended 1.19% up at Rs114.45 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.22% to 20,028 points.

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RInfra wins SCADA/DMS consultancy project for Patna

Reliance Infrastructure Ltd has won a consultancy project under R-APDRP Programme of Union Ministry of Power. This time the company has been awarded the project of SCADA (Supervisory Control and Data Acquisition)-DMS (Distribution Management System) consultancy for Patna city in Bihar.

The project has been awarded to RInfra in line with its highest scoring in the technical bid; which had a 70% weightage in the entire bidding process; rest 30% weightage was for the financial bid. RInfra was weighed at 57.5% as against its nearer competitor bidder who scored only 17%. RInfra also supersede in financial bidding by offering low cost of Rs54 lakh as against the cost offered at very high level by the nearer competitor, i.e., Rs1.97 crore.  

On Monday, RInfra declined 2.11% to Rs797.60 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.22% to 20,028 points.

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Union Bank raises lending rate by 50 basis pts to 9%

State owned Union Bank of India today raised base rate (or the minimum lending rate) by 50 basis points to 9% in line with other lenders.
The revision is in alignment with the current rate scenario as also the increase in the cost of funds, Union Bank of India informed the Bombay Stock Exchange (BSE).

The base rate is the lowest rate below which banks cannot offer loans. In order to bring in more transparency, the base rate was introduced as a replacement for the benchmark prime lending rate (BPLR) from 1 July 2010.

With the increase in base rate, all kinds of loans taken from Union Bank of India, including corporate, housing and auto loans, would be dearer by at least 50 basis points (0.5%) for new borrowers.

On Monday, Union Bank of India ended 0.25% up at Rs326.05 on the BSE, while the benchmark Sensex gained 0.22% to 20,028 points.

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