Larsen & Toubro Ltd (L&T) said it won orders, worth around Rs6,500 crore from Jaiprakash Power Ventures Ltd (JPVL) to set up mega power plant in Uttar Pradesh.
The scope of work includes supply, erection and commissioning of boiler-turbine generator package, critical piping, electrostatic precipitators (ESPs) and power plant automation for JPVL's 3x660 MW power plant being set up in Uttar Pradesh.
The plant will be commissioned in 60 months, with the first unit scheduled to start commercial production in 48 months. The contract for the Boiler Island has been given to L&T-MHI Boilers Pvt Ltd and the contract for another package comprising the steam turbine generator island, ESPs, critical piping and power plant automation system has been awarded to L&T.
On Monday, L&T shares gained 0.9% to Rs1,812 on the Bombay Stock Exchange, while the Sensex closed 1.2% higher at 18,081 points.
New Delhi : Gold prices eased by Rs5 to Rs18,140 per ten grams in the bullion market on Monday on sluggish demand amid a steady overseas trend, reports PTI.
However, silver rose by Rs100 to Rs29,000 per kg on fresh buying by industrial units and coins makers for the festival demand.
Marketmen said subdued demand for gold at existing higher levels led to a decline in the metal prices, while silver prices strengthened on brisk buying by industrial units and coins makers for the festive season.
The gold in overseas markets, which normally sets the price trend on the domestic front here, remained steady at $1,181.40 an ounce.
Gold of 99.9% and 99.5% purity traded lower by Rs5 each to Rs18,140 and Rs18,040 per ten grams, respectively, while sovereigns remained flat at Rs14,500 per piece of eight grams in limited deals.
Silver-ready rose by Rs100 to Rs29,000 per kg and weekly-based delivery by Rs135 to Rs28,795 per kg.
Silver coins also gained Rs100 to Rs34,200 for buying and Rs34,300 for selling of 100 pieces on festive demand.
New Delhi : About 79,000 applications are pending before the Indian government for grant of patents, with mechanical engineering and chemicals segment accounting for nearly a third of the requests, Parliament was informed on Monday, reports PTI.
The government has created 200 posts for examining the applications to expedite the work on patent requests.
"As on 30th June, about 78,792 patent applications are pending with the Indian Patent Office," Commerce and Industry Minister Anand Sharma said in a written reply to Lok Sabha.
The requests are pending mainly due to the considerable increase in the number of patent applications filed with the office after 2003-04, he said.
"In order to dispose of the pending requests for examination, the government has created 200 new posts of Examiners of patents and designs...," Mr Sharma said.
In the mechanical engineering segment 14,134 patent applications were pending, followed by chemicals segment (11,633), electronics (8,192), communication (6,507) and pharmaceuticals (6,322).