RPP Infra Projects wins orders worth Rs30 crore in Tamil Nadu

The orders shall be completed in 12 months

Construction company RPP Infra Projects Ltd has won new orders worth Rs30 crore in the irrigation and building sector in Tamil Nadu.

The orders include one for construction of a library building for Central Library Buildings at Thiruvarur, Tamil Nadu under the Central Public Works Department.

Other orders are for rehabilitation and modernization of supply channels in Vellore and Villupuram districts under Water Resources Department, Public Works Department Tamil Nadu. The orders shall be completed in 12 months.

In the late afternoon, RPP Infra was trading at around Rs69 per share on the Bombay Stock Exchange, 3.84% up from the previous close.

User

Tata Power, Exxaro form JV company—Cennergi

Cennergi will be based in South Africa and will focus on the investigation of feasibility, ownership and operation of electricity generation projects

Tata Power Company Ltd through its subsidiary, Khopoli Investments Ltd and Exxaro Resources Ltd (Exxaro), South African-based diversified resources company have announced the formation of a 50:50 joint venture (JV) to create a new energy company, Cennergi (Pty) Ltd (Cennergi).

Cennergi will be based in South Africa and will focus on the investigation of feasibility, development, ownership, operation, maintenance, acquisition and management of electricity generation projects in South Africa, Botswana and Namibia. The initial project pipeline focuses on renewable energy projects in South Africa and Cennergi's strategy is to create a balanced portfolio of generation assets.

In the late afternoon, Tata Power was trading at around Rs113 per share on the Bombay Stock Exchange, 1.99% down from the previous close.

User

Adani Enterprises to supply coal to NTPC

Adani Enterprises will supply 4MT of coal imported from global sources between March to June 2012 to NTPC’s 14 power stations

Adani Enterprises, part of the Adani Group, has signed five agreements for supply of imported coal with NTPC Ltd, the country’s largest power generation company.

Adani Enterprises will supply 4 million tonnes (MT) of coal imported from global sources between March to June 2012 to NTPC’s 14 power stations across India. The imported coal is required to meet the coal blending requirements of the NTPC power stations.

The company will supply 1MT of imported coal to NTPC’s Talcher power stations, 1MT for Farakka and Kahalgaon stations, 0.5MT for Simhadri and Ramagundam stations, 0.8MT for Dadri, Rihand, Singrauli, Tanda, Unchchar and Vindhyachal stations and 0.7MT for Korba and Sipat stations.

Adani Enterprises is India’s largest importer of coal with a market share of over 50 percent with almost all the state-run power utilities in India as its customers. It is developing and operating mines in India, Indonesia and Australia as well as importing and trading coal from many other countries.

The company is expected to mine 200MT tonnes of coal per year in 2020, making Adani one of the largest mining groups in the world.

In the late afternoon, Adani was trading at around Rs356 per share on the Bombay Stock Exchange, 0.47% down from the previous close.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)