IVRCL Infra wins Rs500.49 crore order

Hyderabad-based IVRCL Infrastructures & Projects Ltd (IVRCL) said that its water and buildings divisions have won orders worth Rs500.49 crore.

IVRCL's water division has won orders worth Rs281.93 crore, followed by Rs218.56 crore by the building division, the company said in a statement.

IVRCL's water division has won orders from Nuclear Power Corporation of India Ltd, Rajasthan Rajya Vidyut Utpadan Nigam Ltd, Tapi Irrigation Development Corporation, Jalgaon and Krishna Bhagya Jala Nigam Ltd for supply, civil works and operation and maintenance among others, it said.

The buildings division has also won orders from Bank of India for construction of commercial complex building in Mumbai and from Indian Oil Corporation Ltd for civil and structural works.

The company has also received orders from Engineers India Ltd, NATRIP Implementation Society, Telco Construction Equipment Co Ltd and Rashtriya Ispat Nigam Ltd.

On Monday, IVRCL declined 2.85% to Rs119.10 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.38% up at 19,400.27 points.

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Tata Motors subsidiary wins order

Tata Motors Ltd's wholly-owned subsidiary in Spain, Tata Hispano Motors Carrocera SA, has won an order from EMT Madrid, a public transportation company for supplying 10 CNG series hybrid low-floor city buses. No financial details were provided. The buses will be delivered in 2012.

Tata Hispano CNG Hybrid is powered with a series hybrid system. For a series hybrid vehicle, the engine is not connected to the driveline. Instead it just runs a generator which charges the battery pack at a steady power. The battery pack provides electrical energy to the motor which in turn generates tractive power.

The Tata Hispano CNG Hybrid offers substantial improvement in fuel economy and emissions compared to a conventional bus. The vehicle chassis is capable of being integrated with pure electric mode, CNG micro turbine and hydrogen fuel cell in the future.

On Monday, Tata Motors increased 1.67% to Rs1,186 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.38% up at 19,400.27 points.

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NTPC signs power purchase agreement for Lara and Barethi projects

NTPC Ltd said it has signed a power purchase agreement (PPA) with Madhya Pradesh State Power Trading Company Ltd for sale of power from its upcoming power stations, Lara Super Thermal Power Project in Chhattisgarh and Barethi Super Thermal Power Project in the state.

Lara and Barethi Power Stations shall have an installed capacity of 4,000MW and 3,960MW, respectively. These projects are for the 12th plan and are expected to complete by 2017. 

On Monday, NTPC rose 1.58% to Rs179.55 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.38% up at 19,400.27 points.

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