Tata Motors ties up with IndusInd Bank for dealer finance

The country's largest automaker, Tata Motors Ltd on Wednesday said it has entered into an agreement with private sector lender IndusInd Bank for financing its dealers.

The agreement will allow dealers of Tata Motors access to finance from IndusInd Bank to meet their working capital requirements in addition to the existing retail finance arrangements, the auto maker said in a statement.

On Wednesday, Tata Motors shares ended 1.3% up at Rs778.35 on the Bombay Stock Exchange where the benchmark Sensex closed 1% up at 17,700 points. IndusInd shares ended 0.2% down at Rs205.

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Alstom Projects wins Rs458 crore order in Karnataka

Alstom Projects India Ltd, a subsidiary of the France-based Alstom SA, on Wednesday said it has won an order worth Rs458 crore from state-run Bharat Heavy Electricals Ltd (BHEL) in Karnataka.

The company has received Rs458-crore contract from BHEL for supply of boiler components in Karnataka power plant, Alstom Projects India said in a filing to the Bombay Stock Exchange.

On Wednesday, Alstom Projects shares ended 2.9% higher at Rs670 on the Bombay Stock Exchange where the benchmark Sensex closed 1% up at 17,700 points.

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L&T wins two orders worth Rs1,383 crore

Engineering and construction company Larsen and Toubro Ltd (L&T) on Wednesday said it won two orders worth Rs1383 crore from domestic and international markets.

The Electrical and Gulf Projects Operating Co, a part of L&T's construction division, has secured orders worth Rs1,015 crore from Transmission and Distribution Projects in the international and domestic markets.

L&T's Metallurgical, Material Handling and Water Operating Company, also a part of L&T's construction division, has won orders of about Rs368 crore from various clients.

On Wednesday, L&T shares ended 0.6% up at Rs1804 on the Bombay Stock Exchange where the benchmark Sensex closed 1% up at 17,700 points.

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