Infrastructure services provider Pratibha Industries Ltd said it has won two projects worth Rs73.28 crore for construction of residential complexes.
The order from Mahindra Lifespace Developers Ltd is for construction of a residential building ‘Mahindra Angelica’ in Goregaon, Mumbai. The completion period of the project is 24 months.
The second order is from Luxora Mist (Soham Group) for construction of two residential buildings in Thane, Mumbai, with a completion period of 20 months.
On Thursday, Pratibha Industries ended 1.94% up at Rs68.45 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.66% to 20,389.07 points.
Bharat Heavy Electricals Ltd (BHEL) has accrued an outstanding order worth Rs38,600 crore as of November-end 2010.
“We will end this year with a fat order position, as typically the last few months of the financial year is when we get more orders from our customers,” AV Krishnan, ED, BHEL Trichy Complex, said.
In the recent past, there has been a spurt in IPP (Independent Power Plant) projects. Out of the Rs38,600 crore orders, the IPP segment contributes to over 25%. The remaining quantity is out of public sector segment and power stations run by various state electricity boards, he said.
This outstanding order book includes eight units of super-critical sets namely those that exceed 600MW capacity, he said.
“Last year, the total dispatch to our customers was to the tune of five lakh tonnes. This year we expect this to exceed 6.8 lakh tonnes. In 2011-12, our target is to touch eight lakh tonnes.”
On future plans, Krishnan said, “the seamless steel tube project located at Trichy complex is undergoing modernisation and expansion.”
“During 2012-13, production capacity will be stepped up to 85,000 tonnes per annum which is twice the current capacity. We will invest Rs200 crore and requisite machinery has already been ordered for supply and commissioning.”
As of 31 March 2010, the installed capacity was enhanced to 10,000MW and by 2011-12, it will be stepped up to 14,000MW production capacity,” he said.
Phase III expansion at unit-II of Trichy complex is on along with a new unit at Tirumeiyam. The outlay is over Rs500 crore and this is likely to crystallise by end of 2011-12. Initially, the installed capacity of Tirumeiyam project will be 30,000 tonnes of boiler pipes per annum.
BHEL has been maintaining an annual growth rate of 30% for the last three years. Krishnan was optimistic that they will be able to achieve this growth rate this year also.
On Thursday, BHEL ended 1.40% up at Rs2,336.60 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.66% to 20,389.07 points.
In the fortnight, the Sensex was 1% up, while the Nifty was mostly stable. The ML Small-cap...