McNally Bharat bags orders worth Rs104 crore

McNally Bharat Engineering has received orders from Jhabua Power, Neyveli Lignite Corporation (NLC) and West Bengal Power Development Corporation, the company said in a filing to the BSE.

McNally Bharat Engineering said it has bagged orders worth Rs104 crore from three firms, including Neyveli Lignite Corporation.

McNally Bharat Engineering has received orders from Jhabua Power, Neyveli Lignite Corporation (NLC) and West Bengal Power Development Corporation, the company said in a filing to the BSE.

The Rs 15.49 crore order secured from NLC involves the operation and maintenance of the lignite and lime stone-handling system at the company's BTPP unit for a period of three years, it said.

The Rs 78.90 crore project was received from Jhabua Power.

The order from West Bengal Power Development Corporation for renovation work at the Santadih Thermal Power Station was worth Rs 9.95 crore, the statement said.

In the late afternoon, McNally Bharat Engineering was trading at around Rs57.30 per share on the Bombay Stock Exchange, 4.95% up from the previous close.

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Punj Lloyd bags Rs113 crore project from ONGC

Punj Lloyd has been awarded a contract for construction of Naptha Feed Pipeline from Hazira to Dahej including associated terminal works by ONGC.

Engineering and construction firm Punj Lloyd said it had bagged a project worth Rs113 crore from Oil and Natural Gas Corporation (ONGC) for construction of a pipeline in Gujarat.

"Punj Lloyd has been awarded a contract for construction of Naptha Feed Pipeline from Hazira to Dahej including associated terminal works by ONGC," the company said in a filing to the Bombay Stock Exchange. The project is scheduled to be completed within 14 months, it added.

In the late afternoon, Punj Lloyd was trading at around Rs40.30 per share on the Bombay Stock Exchange, 5.91% up from the previous close.

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Toyota Kirloskar to export Etios to South Africa

“We are looking at exporting 20,000 units of the Etios series annually," Hiroshi Nakagawa, managing director of TKM said

Toyota Kirloskar Motor (TKM) said that it would start exporting "Etios" series sedan and hatchback to South Africa in March 2012.

"We are looking at exporting 20,000 units of the Etios series annually," Hiroshi Nakagawa, managing director of TKM, a joint venture between Toyota Motor Corporation and the Kirloskar Group, said at a function.

The models for export will be based on the Etios platform currently sold in India, but will be developed and produced to fit the lifestyles, consumer preferences, climate in South Africa. Etios will mark Toyota's first vehicle exports from India, the Japanese company had said earlier.

Nakagawa said the slowdown in growth, inflationary pressures and high interest rates have not hurt Toyota’s sales in India. "Our business here in India has not been impacted and our market share doubled to 6% this year, driven by robust demand for our Etios and Liva models," he said. According to him, TKM sold 3,943 units of Etios and 4,328 units of Liva in November. Nakagawa said localisation of Etios is at 70% and may go up to 90% once the company’s new plant and a transmission facility in Bangalore come up next year.

TKM is gearing up to introduce its Lexus range of luxury sedans and sports utility vehicles in the Indian market. "We will start rolling out our Lexus brand here in 2013. Each of the models is carefully being studied. A decision on which model to be launched first is yet to be concluded," Nakagawa said.

To match the growth of India's auto market, TKM's annual production capacity is scheduled to increase from 160,000 vehicles to 310,000 vehicles in 2013.

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