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Monday, June 29, 2015

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Crompton wins order via Competitve Intl bidding process
Crompton Greaves has bagged two important orders, one for 8 bays of 138 kV, 60 Hz, AIS Switchyard in the Philippines for Minergy Coal Corporation and the other for 30 MVA, 132 kV mobile substations for Wellington Turbines, a Venezuelan enterprise. The Company secured the orders through a highly competitive international bidding process. The scope of work for both projects includes design, manufacture, supply, construction and installation and commissioning of the substations.

Mind Tree allots 12,050 Equity Shares under ESOPs
Mind Tree Ltd has informed regarding 'Allotment of 12,050 Equity Shares of Rs10 each, under various ESOP Plans on June 29, 2015'.
                                                                                     
Reliance plans maintenance turnaround at Jamnagar
Index heavyweight Reliance Industries Ltd (RIL) has informed regarding a Press Release dated June 29, 2015 that the company has planned a maintenance turnaround at Jamnagar Refinery Complex.

L&T Construction bags order worth Rs 2035 cr
Larsen & Toubro ( L&T) said that its construction arm has received orders worth Rs2035 crore across various business segments in June 2015. Under the building and factories business segment, the company has received new orders for construction of offices spaces including add-ons, the company said. Further, the transportation infrastructure business has received a major EPC order for the construction of 109.54 kms of four lane dual carriage way of the Solapur, Maharashtra-Bijapur, Karnataka road.
                             
Yes Bank plans $1-bn ADR issue next fiscal
Private-sector lender Yes Bank said that it would prefer raising money through an ADR issue under its $ 1-billion capital infusion plan next fiscal and stressed that the court order in a case involving its promoters will not impact these plans, according to reports. 'The aspiration is to do an ADR (American depository receipts) issue. It will be our first such issue. It helps the profile of the bank and more diverse investors can come in,' bank's president for financial markets Jaideep Iyer said.

Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and commodity market. 




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