L&T wins two orders worth Rs1,383 crore

Engineering and construction company Larsen and Toubro Ltd (L&T) on Wednesday said it won two orders worth Rs1383 crore from domestic and international markets.

The Electrical and Gulf Projects Operating Co, a part of L&T's construction division, has secured orders worth Rs1,015 crore from Transmission and Distribution Projects in the international and domestic markets.

L&T's Metallurgical, Material Handling and Water Operating Company, also a part of L&T's construction division, has won orders of about Rs368 crore from various clients.

On Wednesday, L&T shares ended 0.6% up at Rs1804 on the Bombay Stock Exchange where the benchmark Sensex closed 1% up at 17,700 points.


Nakoda buys polyester plant in South Korea for $40 million

Nakoda Ltd , a maker of fully drawn yarn said it bought a polyester plant located at Kyunghan in South Korea with an total capital investment of $40 million.

“This acquisition marks our entry into new geographies. We plan to work collectively to close similar deals in future to expand our network across the globe. We have bought the plant and machineries only whereas the land and buildings are leased making the venture economical for us” said BG Jain, chairman and managing director, Nakoda Ltd.

Kyunghan is strategically located in the industrial hub of synthetic fiber manufacturing in South Korea with good connectivity to Seoul and Busan, which is the third busiest port in the world. The company will have benefit of easy availability of raw material, abundance of power, technocrats, skilled work force and sophisticated infrastructure, the company said in a release.

On Wednesday, Nakoda shares ended 4.9% higher at Rs13 on the Bombay Stock Exchange where the benchmark Sensex closed 1% up at 17,700 points.




6 years ago

Is this news confirmed? How come it has not been informed to the BSE?

India works on solutions and strategies for urban transport networks

The Indian government has launched an ambitious capacity-building programme to upgrade skills for planning good urban transport policies

India needs solutions and strategies to improve sustainability of transport system in the cities, director general of the New Delhi-based Institute of Transport has said, reports PTI.

"We need a wide range of strategies," Bharat Indu Singal said at a plenary forum on "New Vision for Sustainable Urban Transport," in Singapore today.

Supports for such strategies were coming as the Indian government has already launched an ambitious capacity building programme to upgrade skills for planning good urban transport policies, he told the forum, which is part of the World Urban Transport Leaders Summit 2010 being held by Singapore Land Transport Authority 30th June to 1st July.

Additionally, the government has also tied its financial aid with the cities bringing in reforms including institutional set ups.

"This has obviously worked," added Singal.

He pointed out that previously the institutions were weak and the urban transport was being managed by 20 odd agencies without any coordination either on planning or on operation.

On environment, he said, "We have improved emission standards, especially the percentage of sulphur in diesel and petrol is to be lowered to 0.5% from 8% previously".

Singal has also called for immediate action on short-term and long-term plans for the cities.

The short-term initiative would be to make the cities "walkable" by providing footpaths and non-motor traffic by providing cycle tracks.

For the long-term, he called for sustainable public transport system which must be city-wide to ensure people are able to complete the full journey.

"If the people have to worry about the first mile and the last mile of their journey, they would take out their cars," he said.

Furthermore, he stressed on the need for holistic planning in managing the public transport system and traffic network that would benefit the people.

All components of public urban transport must be planned in a comprehensive and holistic manner and implemented together for full benefits, Singal said.

Lastly, he called for control on cities' urban outlays, as it would lengthen the public transport journey.

Singal also highlighted the need for people-friendly interchanges for changing transportation modes.

The interchanges should be vertical or adjacent but not 200 metre apart which would discourage people for taking a walk.


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