Engineering services and technology solutions provider Infotech Enterprises Ltd said it signed a long-term master service agreement with Seawell AS of Norway to provide engineering support services. No financial details of the agreement were provided.
This agreement with Infotech will enable Seawell to further expand its engineering capacity to improve competitiveness. Seawell Facility Engineering Centre at Infotech Enterprises' Manikonda facility in Hyderabad was inaugurated today.
The agreement will offer Seawell's Drilling Facility Engineering (DFE) increased flexibility and the ability to execute more projects. Seawell would have a dedicated group of engineers based in India including key representatives from Seawell that will be responsible for managing the agreement and interfacing with global resource of DFE, the company said in a regulatory filing.
On Wednesday, Infotech Enterprises' shares ended 0.04% up at Rs370 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.02% up at 16,741 points.
Bhubaneswar-based ARSS Infrastructure Projects Ltd said it won two orders for projects in Orissa and Punjab. The company received a work order from Rayagada (R&B) Division in Orissa worth Rs50.86 crore.
The company has also secured a road project from Greater Mohali Area Development Authority (GMADA) worth Rs80.32 crore for the construction of a 200 feet wide road from RVB Junction to National Highway (NH) 64.
On Wednesday, ARSS Infra's shares ended 3.2% up at Rs1,069 on the Bombay Stock Exchange, while the benchmark Sensex closed 1% up at 16,741 points.
Tata Communications Ltd and Rendezvous Hospitality Group (RHG), said they have opened a telepresence facility that could be first in Singapore telepresence room.
The company plans to add 25 new public telepresence rooms for 2010 in Hong Kong and Malaysia, Tata Communications said in a regulatory filing.
On Wednesday, Tata Communications' shares ended 2.2% up at Rs240 on the Bombay Stock Exchange, while the benchmark Sensex closed 1% up at 16,741 points.