MIC Electronics wins orders worth Rs23.89 crore

MIC Electronics Ltd said that it has signed a definitive agreement with the Uttar Pradesh New and Renewable Energy Development Agency for supplying LED solar street lighting systems worth Rs6.63 crore.

The company won orders worth Rs5.87 crore from Indian Railways to supply a gamut of true colour LED display systems and emergency LED lighting solutions.

MIC also won orders worth Rs4.13 crore for LED lighting systems and Rs7.26 crore for true colour LED display system from various corporate houses.

On Thursday, MIC Electronics declined 0.42% to Rs35.55 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.73% down at 19,318.16 points.

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L&T wins orders worth Rs1,030 crore

Larsen & Toubro (L&T) Ltd has said that its construction division has won orders worth Rs1,030 crore for the construction of commercial and residential buildings including metro depot facilities.

It has won new orders worth Rs385crore for the construction of residential buildings from developers, the company said in a press release.

L&T has further won orders worth Rs645 crore for construction of commercial buildings and metro depot facilities.

On Thursday, L&T ended 3.48% down at Rs1,941.95 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.73% down at 19,318.16 points.
 

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NTPC signs JV agreement for renewable energy

NTPC Ltd (NTPC), Asian Development Bank (ADB) and Kyuden International Corporation (Kyushu) have  signed an agreement  to form a joint venture company (JVC) to develop a portfolio of about 500 MW of renewable power generation in three years.

NTPC, ADB and Kyushu would invest in the ratio of 50:25:25 in the equity share capital of the JVC. The initial authorised share capital of the company would be Rs6.5 crore and the paid-up share capital would be Rs1 crore. The JVC would come up at in NCT of Delhi. It would initially develop wind power and small hydroelectric power projects and in future may also develop other renewable power generation resources.

On Thursday, NTPC declined 177.15% to Rs177.15 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.73% down at 19,318.16 points.

 

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COMMENTS

Panchabuta

6 years ago

Excellent initiative by NTPC, ADB and the Japanese partners. Given that only hydro projects below 25MW qualify for green in India according to MNRE, 500MW of capacity in less than 3 years will be a formidable challenge given gestation periods for some of the projects. Of course wind could be one big component as it is a mature, scalable and easy to commission. Biomass does not offer scale due to the scarcity of feedstock. Given this, it seems like wind and solar might be the two best options. Panchabuta has detailed essays on the renewable energy and cleantech space in India at its blog at http://goo.gl/lM9ek

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