Punj Lloyd wins Rs678crore order from N-Power Corp

The contract is scheduled to be completed in four years

Punj Lloyd Group today said it has won an engineering, procurement and construction (EPC) order worth Rs678 crore order from Nuclear Power Corporation for piping work at four pressurised heavy water reactors of the state-run firm.

"The scope of the work includes engineering, procurement, erection and commissioning of nuclear equipment and piping for all the systems inside the nuclear reactor buildings," Punj Lloyd said in a communique to the Bombay Stock Exchange.

Out of the four pressurised heavy water reactors (PHWRs), each having 700MW capacity, two are located at Kakrapara Atomic Power project in Gujarat and two at Rajasthan Atomic Power Project, near Kota.

The contract is scheduled to be completed in four years, the company said.

On Monday, Punj Lloyd ended 7.59% up at Rs70.85 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.01% to 18,266.03.

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L&T’s Electrical & Automation to supply meters to WBSEDCL

The value of the order is Rs110.31 crore

The Electrical & Automation (E&A) business of Larsen & Toubro (L&T) has been awarded an order for supply of energy meters by the West Bengal State Electricity Distribution Company (WBSEDCL). The value of the order is Rs110.31 crore.

The Metering & Protection Systems (MPS) business unit of E&A will supply 12.6 lakh single-phase energy meters to WBSEDCL in a time frame of 12 months between June 2011 and May 2012

"This order is an expression of WBSEDCL's confidence in L&T meters and our capability of meeting their requirements on technology, timely delivery and service. We strive to deliver cost-effective, environment conducive, customised products on existing platforms that facilitate clinching orders and serving our customers. We have a wide range of products and solutions in the electricity distribution segment that compete with the best in the world," said SC Bhargava, senior vice president and head of E&A.

MPS has a modern manufacturing facility in Mysore with certified sophisticated testing facilities for strict quality control. Its installed/current capacity is for over 4 million single-phase meters and three-phase meters. The production crossed a milestone of two million meters in 2010-11. The hallmark of manufacturing is systematic monitoring and evaluation of the quality of input material, critical components, assemblies, testing and inspection processes that ensure compliance with quality standards and parameters prescribed by the customers.

On Monday, L&T ended 0.84% up at Rs1,707.90 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.01% to 18,266.03.

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Govt extends DEPB scheme for three months till September

Under the scheme, exporters are given refunds of tax incidence on the import content of their export products. The 14-year old scheme is the most popular among exporters, especially in the engineering including automobiles sector

New Delhi: The government today said it has extended the popular exports scheme- Entitlement Pass Book (DEPB)-for three more months till September. The scheme was due to end on 30th June, reports PTI.

"...we have extended Duty Entitlement Pass Book till September," finance secretary Sunil Mitra told reporters at the sidelines of a seminar organised by ministry of finance and OECD.

However, he said that the scheme will be phased out and replaced by duty drawback.

"It (DEPB) will be phased out (and) duty drawback will take its place. We have appointed a committee which we think will take a couple of months to decide all India drawback rates for items currently under DEPB," Mr Mitra said.

Exporters can also ask for brand rate fixation, he added.

The government spends annually about Rs8,000 crore reimbursing exporters on the taxes paid on import content of export products.

Under the scheme, exporters are given refunds of tax incidence on the import content of their export products. The 14-year old scheme is the most popular among exporters, especially in the engineering including automobiles sector.

India's exports went up by 37.55% year-on-year to $245.86 billion during 2010-11.

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