Roman Tarmat wins order worth Rs33.8 crore

Construction company Roman Tarmat Ltd said it won an order worth Rs33.8 crore from Saibaba Sansthan Trust for construction-related works.

The company has received a Letter of Intent from the Trust for construction of flexible and rigid pavement for ring roads at Shridi in Maharashtra, the company said in a regulatory filing.

On Friday, Roman Tarmat shares ended 3.7% higher at Rs53 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.9% up at 20,045 points.

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Magma Fincorp to disburse Rs240 crore retail loans in Tamil Nadu

Magma Fincorp Ltd, a retail asset finance company, said it will disburse Rs240 crore in retail loans in Tamil Nadu during 2010-11.

Headquartered in Kolkata, the company already has a well spread out presence in Tamil Nadu with seven offices.

Dhrubashish Bhattacharya, vice president, Magma Fincorp Ltd said, "By penetrating deeper, we will focus on providing asset finance to the economically disenfranchised in the state. We expect to grow our business in the state by over 170% in this financial year. There would be a considerable increase in our manpower requirements to meet the target. Our target is to enhance our market share in the state."

On Friday, Magma Fincorp shares declined 2.1% to Rs78 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.9% up at 20,045 points.

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Suzlon crosses 5,000 MW of wind power installations

Wind turbine manufacturer, Suzlon Energy Ltd (SEL) said it has crossed 5,000 MW of cumulative installations in India, underlining the strong momentum in India's fast growing wind energy market.

This cumulative power generation capacity has the potential to light up 4 million homes annually. Suzlon has cumulatively added over 5,000 MW of wind power capacity for over 1,500 customers in India across 40 sites in eight states.

On Friday, Suzlon shares gained 1.1% to Rs54 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.9% up at 20,045 points.
 

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