Unity Infraprojects bags orders worth Rs306 crore

Unity Infraprojects order book stands at Rs3,796.54 crore

Unity Infraprojects Ltd, one of India’s major civil contracting firms, has bagged diverse orders worth Rs306 crore.

The first order entails construction of 133 bungalows, high rise apartments (C7 to C10) in Water Lily, banquet hall and balance works for Belvedere Club in Shantigram Township, near Jaspur Village, Ahmedabad by Adani Township and Real Estate Company. The project value is Rs183.88 crore.

The second project involves the construction of Chemistry Laboratory building, Art and Social Science Building, Examination building and a new building for Botany Department at North Campus of Delhi University by Engineers India Ltd (a Govt. of India undertaking) on behalf of Delhi University and the said project is to be completed within a period of 24 months. The awarded contract value is Rs121.80 crore. The order book of the company as of today stands at Rs3,796.54 crore.

On Monday, Unity Infra closed at Rs37.65 per share on the Bombay Stock Exchange, 1.31% down from the previous close.

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Areva T&D wins Rs200-crore order from PowerGrid

Areva T&D India has secured a contract from PowerGrid for the supply, erection and commissioning of a 765-kV extra high voltage sub-station, including transformers, at Bareilly

Areva T&D, a part of Alstom Grid, has bagged a Rs200-crore contract from state-owned Power Grid Corporation of India Ltd for setting up a transmission network at Bareilly in Uttar Pradesh.

Areva T&D India has secured a contract worth Rs200 crore from PowerGrid for the supply, erection and commissioning of a 765-kV extra high voltage sub-station, including transformers, at Bareilly, a company statement said.

The 765-kV transformers for this sub-station will be delivered from Areva T&D India’s factory at Vadodara in Gujarat, which was set up in India to meet the future needs of the country as transmission voltage levels move to extra or ultra-high voltage levels (up to 1,200 kV).

All other products for the sub-station will be sourced from Areva T&D India’s manufacturing facilities at Padappai and Pallavaram in Chennai and Hosur (Tamil Nadu) and Noida.

“This is a critical sub-station in the northern grid of the country and it is a privilege for us to build this extra high voltage sub-station,” Areva T&D India Managing Director, Mr Rathin Basu, said.

Areva T&D India has been awarded 16 out of 39 contracts for 765 kV sub-stations that it bid for in the country, it said.

In June 2010, the global activities of Areva T&D were acquired by a consortium of Alstom and Schneider Electric.

Following this acquisition, high voltage transmission and power electronics activities are being overseen by Alstom and medium voltage activities are under the control of Schneider Electric.

On Monday, Areva T&D closed at Rs210.15 per share on the Bombay Stock Exchange, 0.80% down from the previous close.

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JSW Steel Q2 net loss at Rs669 crore on forex loss

JSW Steel’s net sales jumped 38% to Rs8,134 crore during the July-September quarter from Rs5,908 crore in the year-ago period

JSW Steel has reported consolidated net loss of Rs669.32 crore for the second quarter ended September 30, 2011 after taking a Rs662-crore hit due to foreign exchange fluctuation, coupled with the poor performance of associate firm JSW Ispat.

The company had clocked a net profit of Rs373.26 crore in the corresponding period a year ago, it said.

“The net loss for the second quarter of Rs669.32 crore (after considering a loss of Rs754.70 crore of associate, including exceptional item of Rs661.7 crore) was mainly due to loss attributable to JSW Ispat Steel for the quarter ended June 30 and September 30, 2011,” it said in a filing to the BSE.

The net loss incurred by JSW Ispat during the quarter stood at Rs345.30 crore, including an exceptional forex translation loss of Rs95.23 crore.

“Due to the unusual depreciation in the value of rupee against the US dollar over last three months, the net unrealised loss on restatement for foreign currency monetary items at close has been considered by the company to be exceptional in nature,” it said.

JSW Steel’s net sales jumped 38% to Rs8,134 crore during the July-September quarter from Rs5,908 crore in the year-ago period. Net finance charges of the company was also higher at Rs307.62 crore compared with Rs261.40 crore in the corresponding quarter a year ago. The company’s net total debt gearing stood at 0.99 and the weighted average interest cost of debt was 6.57%, it said.

On Monday, JSW Steel closed at Rs656.85 per share on the Bombay Stock Exchange, 2.34% down from the previous close.

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