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Thursday, December 18, 2014

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RPP Infra Projects bags new order worth Rs495.46 mn
RPP Infra Projects bags new order worth Rs. 495.46 million from Tamilnadu Water Supply & Drainage Board for Providing Combined Water Supply Scheme to 158 Rural habitations in Gudimangalam and Udumalaipettai Unions in Tiruppur District, Tamilnadu

OM Metals gets award for completion of road project
OM Metals Infraprojects announced that the company has been awarded for development and two laning of 212 km Jaipur Bhilwara Highway from Jaipur (SH 12) to Bhilwara (NH 79) via Kekri, Malpura on public private partnership ( PPP) model by Public works Deptt, Govt of Rajasthan on Design Build Finance operate and transfer ( DBFOT) basis for a concession period of 22 years.

Zicom Unveils 'Ziman' Mobile Application
Zicom, a leading player in security solutions, today launched 'Ziman', a new mobile application aimed at helping women, children and senior citizens in India in any emergency and distress situation.

IOCL gains on establishing refinery in Odisha
Indian Oil Corporation Ltd ( IOCL) rose nearly 3%, touching to Rs332.7, after Oil Minister said that the company is establishing a refinery of 15 mmtpa capacity at Paradip, Odisha, at an estimated cost of Rs34162 crore.The Minister of State (Independent Charge) for Petroleum & Natural Gas Dharmendra Pradhan informed the Rajya Sabha in a written reply yesterday, December 17, 2014, that Indian Oil Corporation ( IOCL) is establishing a refinery of 15 million metric tonne per annum (mmtpa) capacity at Paradip, Odisha, at an estimated cost of Rs34162 crore.

IVRCL signs agreement for sell of stake in Chennai Water
IVRCL has announced that the company has entered into a binding agreement on December 18, 2014 with Dubai- based Utico FZC to sell equity stake in Chennai Water Desalination with a total project cost of Rs550 crores.

Captain Polyplast bags order from Sardar Sarovar Narmada Nigam
Captain Polyplast announced that the company has received a work order from Sardar Sarovar Narmada Nigam for laying down an under ground pipeline for connecting various fields of farmers with canals of Narmada River. The estimate value of work order is worth Rs 40 crores and is expected for completion by March 31, 2015.

L&T advances as CPPIB invests Rs1000 crore in L&T IDPL
Larsen & Toubro (L&T) and Canada Pension Plan Investment Board ( CPPIB) have completed the definitive investment agreement entered into in June 2014. The agreement was made between L&T and a wholly owned subsidiary of CPPIB for investment into L&T's subsidiary L&T Infrastructure Development Projects (L&T IDPL). The announcement was made after market hours yesterday, 17 December 2014.

Zicom makes investment limits through share acquisition
Zicom Electronic Security Systems announced in the meeting, that its board has approved to increase the limits for making investments in the form of acquisition of shares and other securities of bodies corporate, granting loans / giving guarantees / providing securities to various persons and corporate bodies.

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