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May 24, 2013
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| McNally Bharat bags order worth Rs2.77bn |
| India Infoline News Service/18:45,May 24, 2013 |
| The contractual completion period is within 22 months.
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| Crompton Greaves Q4 PAT at Rs253mn |
| India Infoline News Service/18:38,May 24, 2013 |
| Its Q4 PAT stood at Rs253mn, while Q4 sales stood at Rs33.87bn. |
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| CCI gives ‘special exemption’ for highway projects |
| India Infoline News Service/18:35,May 24, 2013 |
| CCI also increased the 4000km limit for four-laning under the National Highway Development Project (NHDP) under phase IV to 8000kms on a build-operate-transfer (BOT) basis |
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| India Infoline Weekly Newsletter - May 24, 2013 |
| India Infoline News Service/16:30,May 24, 2013 |
| On the domestic front, economic activity has been moderating as factory output continues to lose momentum and services growth decelerates. Domestic consumption, which was a bright spot, is fast fading. But on a positive note, with inflation trending lower, the Reserve Bank may be able to cut policy rates at its June 17 meet.
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| AM Naik, Executive Chairman, Larsen & Toubro Limited |
| India Infoline News Service/15:39,May 24, 2013 |
| “We are eyeing 20% growth in order inflows and 15-17% growth in sales for FY14.” |
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| Maha govt sees LBT implementation delayed in Mumbai |
| India Infoline News Service/14:54,May 24, 2013 |
| Traders fear the imposition of local body tax will result in harassment by local officials and increase in corruption |
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| NCC plans to reduce corporate debt : report |
| India Infoline News Service/11:10,May 24, 2013 |
| Reports said that this will be through a phase of consolidation, divestment of stake in two road assets, for which negotiations are under way.
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| CM to inaugurate milan rail over bridge |
| India Infoline News Service/10:08,May 24, 2013 |
| The Milan flyover provides a solution to the perennial problem of traffic congestion owing to water logging in the Milan Subway during every monsoon. |
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| Cabinet resolves bottlenecks in development of road sector |
| India Infoline News Service/10:00,May 24, 2013 |
| The Cabinet Committee on Investment was informed that some of the bottlenecks identified by the Ministry of Road Transport and Highways (MoRTH) for the fast-track implementation of National Highways Development Project (NHDP) have now been removed as a result of the efforts made by the Ministry. |
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May 23, 2013
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| BHEL Q4 PAT at Rs. 3237.50 crore, down 4.2% YoY |
| India Infoline News Service/18:11,May 23, 2013 |
| Q4 PAT stands at Rs. 3237.5 crore vs Rs. 3380 crore YoY, down 4.2%. Total sales for the period stood at Rs. 18,850 crore vs Rs. 19259 crore YoY, down 2.1%. EBIDTA margins stood at 24.6% vs 25.6% YoY |
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| See target of Rs. 1,510/sh on L&T: IIFL |
| India Infoline News Service/18:00,May 23, 2013 |
| The brokerage has a nine-month target price of Rs. 1,510, which is a 0.7% downside from its current market price of Rs. 1,520 per share. |
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| ‘Quadricycles will further increase road fatalities’ |
| India Infoline News Service/17:51,May 23, 2013 |
| Disregarding the fact that India tops the world in fatalities in road accidents – 144,000 in 2011 – the government’s proposed move to consider quadricycles is fraught with the danger of further deteriorating road safety and pollution in the country. |
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| Infrastructure Newsletter - 17 May to 23 May, 2013 |
| India Infoline News Service/16:58,May 23, 2013 |
| Srei Infrastructure Finance Limited, India’s one of the leading infrastructure financial institutions, recorded a 27% growth in its Consolidated Total Income at Rs. 3,109.92crore during the year ended March 31, 2013 as compared to Rs. 2,446.33crore during the corresponding period last year. |
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| Essar Projects secures $80mn Abu Dhabi contract |
| India Infoline News Service/12:21,May 23, 2013 |
| TAKREER has awarded a direct contract to EPL for Engineering, Procurement, Construction Works, Commissioning and Start-up for a Spent Caustic Treatment Plant of capacity 3.6 cubic meter per hour at Abu Dhabi Refinery. Merichem Process Technologies, Houston is the technology partner for the project. |
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May 22, 2013
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| L&T Q4 PAT down 6.8% at 17.88bn; inline with expectations |
| India Infoline News Service/13:24,May 22, 2013 |
| L&T Q4 PAT stands at Rs. 1788 crore vs Rs. 1920 crore, down 6.8% YoY. Q4 sales stood at Rs. 20,293 crore vs Rs. 18641 |
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| L&T up marginally ahead of its Q4 numbers |
| India Infoline News Service/10:54,May 22, 2013 |
| According to reports L&T along with Japanese Sojitz Corp is set to bag a Rs. 67 billion dedicated railway freight corridor contract. At 10:52 am the stock is currently trading at Rs. 1614.40 up by Rs. 8.50 or 0.5%. Total volumes traded at the counter stood at 2.98 lakhs as against a five day average of 15.18 lakhs |
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| L&T-Sojitz to bag Rs. 67 billion rail freight project |
| India Infoline News Service/10:39,May 22, 2013 |
| Other bidders for the contract were a consortium of Ircon International, Mitsui and Co. Ltd and Leighton Contractors Ltd. But L&T and Japanese Sojitz came out at the top as they places lowest bids, said the report |
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May 21, 2013
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| Srei Infra Fin up 3% post Q4 numbers |
| India Infoline News Service/12:21,May 21, 2013 |
| At 12:21am Srei Infrastructure Finance scrip is trading at Rs. 28.05 up by Rs. 0.65 or 2.5% on the National Stock Exchange (NSE) Tuesday. The stock touched a high of 28.75 and a low of Rs. 27.90. Total volume traded at the counter stood at 5.38 lakhs. |
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| R-Infra down 2.5% on plans of pulling out of Rs. 200 bn worth projects |
| India Infoline News Service/11:41,May 21, 2013 |
| At 11:40am Reliance Infra is trading at Rs. 413.95 down by Rs. 10.60 or 2.5% on the National Stock Exchange (NSE) Tuesday. The stock touched a high of 421.75 and a low of Rs. 413.40. Total volume traded at the counter stood at 12.3 lakhs. |
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| Reliance Infrastructure may exit Rs. 200bn projects |
| India Infoline News Service/10:43,May 21, 2013 |
| "Four of our projects, Mumbai Metro line 2, Mumbai Sea Link extension project, and two ultra mega transmission projects, have been stuck without clearances" Lalit Jalan, chief executive officer, R-Infra, reportedly said.
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