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Thursday, July 16, 2015

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Siemens secures turnkey order worth Rs123 cr
Siemens announced that it has won a turnkey order worth approximately Rs123 crore from Power Grid Company of Bangladesh (PGCB), the country's leading transmission utility. The scope of the work includes design, procurement, supply, installation, testing and commissioning of 230/132 kV GIS Substation at Shyampur and 132/33 kV GIS substation at Dhamrai- both sites located at Dhaka.

Bharti Infratel in talks to buy Idea & Vodafone towers for $1.6 bn
Bharti Infratel is in advanced talks with British telecom major Vodafone and the Aditya Birla Group's Idea Cellular to buy out their telecom towers at a valuation of up to $1.6 billion (Rs10,080 crore).
Bharti Airtel, Vodafone and Idea, India's top three cellular service providers, jointly own stakes in unlisted telecom tower company Indus Towers, apart from having their own tower arms. Banking sources said Vodafone might sell 11,000-12,000 towers and Idea Cellular 9,000 to Bharti Infratel.  
                                                                                   
Ramco identified as a Leader on multiple parameters
Ramco Systems announced that it has been named as a ' Leader' in Nelson Hall's NEAT Vendor Evaluation & Assessment Tool for Payroll Outsourcing 2015.The report identified Ramco as a Leader on multiple parameters including overall capability, multi country, HR cloud integration focus and analytics and reporting focus.

Adani Power bags 3 transmission projects
Adani Power bags 3 transmission projects Sipat - Rs863 crore, Chhattisgarh (A) - Rs823 crore and Chhattisgarh (B) - Rs823 crore while Sterlite Grid bagged a transmission project Maheshwaram worth Rs396 crore

IOC shuts crude unit of 300,000 barrels-per-day
Indian Oil Corp shut the crude unit of its 300,000 barrels-per-day Paradip plant in May and will restart the same in August.

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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