Sturdy Industries Ltd said it will set up a project worth Rs111 crore at Chaygaun, near Guwahati in Assam, to manufacture ABC cables and conductors, aluminium profiles and other aluminium products.
The company has already taken land on lease from Assam Industrial Development Corporation to set up the project. It has already started initial developments at site and start financial arrangement with existing bankers. The construction for equity will be brought through preferential issue and internal accruals from existing business.
On Monday, Sturdy Industries shares gained 2.1% to Rs6 on the Bombay Stock Exchange, while the benchmark Sensex closed flat at 18,409 points.
ARSS Infrastructure Projects Ltd said it has won an order worth Rs103.7 crore from National Highways, Orissa.
On Monday, ARSS Infra shares ended 1.3% up at Rs1,319 on the Bombay Stock Exchange, while the benchmark Sensex closed flat at 18,409 points.
Construction and engineering company Larsen & Toubro Ltd (L&T) said it has won two projects worth Rs1,195 crore from ONGC Ltd to set up additional processing units (APUs) at Hazira in Gujarat and Uran near Mumbai.
The APU project in Uran shall increase the gas processing capacity of ONGC by 5 million metric standard cubic metre per day (mmscmd). The additional gas processing facilities (AGPF) project in Hazira shall increase the gas processing capacity of ONGC by 5.6 mmscmd. The scope of the contract includes precommissioning and commissioning of new process units, offsite and utilities to the owner. L&T said in a regulatory filing.
On Monday, L&T shares ended marginally higher at Rs1,872 on the Bombay Stock Exchange, while the benchmark Sensex closed flat at 18,409 points.