Indian Stock Market Blog: Larsen and Toubro bags Rs.10.47 bn from Indian Railways

Tuesday, July 8, 2008

Larsen and Toubro bags Rs.10.47 bn from Indian Railways

Mumbai, July 8: Construction and engineering major Larsen and Toubro
(L&T) has bagged a Rs.10.47-billion order from the Indian Railways to
set up a wheel manufacturing plant in Bihar, the company said Tuesday.

In a regulatory statement, the company said the plant, with a capacity
to manufacture 100,000 wheels annually, will be set up at Saran in
Chhapra district in two years.

The turnkey project will have no foreign collaboration, the statement
added.

The contract involves engineering, procurement and construction of the
entire plant, apart from electrical installation along with designing,
setting up and commissioning of machinery.

Last year, L&T launched an autonomous rail business unit to explore
opportunities such as dedicated freight corridor, railway station
modernisation, rail-based urban mass transportation and other similar
projects.

The company is also studying various upcoming public-private
participation (PPP) railway projects.

Bollywood, fun, friendship, sports and more. You name it, we have it.

No comments:

Post a Comment

News Flash from IndiaEarnings


	Saraswat Bk seeks RBI nod to acquire ailing South Ind Co Bk
	Telekom Malaysia to pick up addl 15% stake in Idea: Srcs
	Hind Rectifiers brd meet on June 24 to consider bonus issue
	Inflation will touch double digit mark next week: I-Sec
	NY Times in talks to buy 5% stake in Deccan Chron Arm
	Inflation for wk ended Apr5 revised to 7.71% vs 7.14%earlier
	Inflation for week ended May 31 at 8.75% vs 8.24%
	Indian economy won't be as badly hit as the global eco:DCB
	Over a period of time mkt may drift down to 4060 :Atul Suri
	Shriram Cap likely seller in Shriram City Un Fin block deal
	Shriram City Union Fin changes 12.2% Eq via block deal
	No big rally in mkt till oil pices cool off: Lehman Bros
	BoJ keeps key interest rate unchanged at 0.5%
	J&K Bank raises Prime Lending Rates by 100 bps to 14%
	L&T aays plan to list IT sdubsidiary in FY09
	IFCI okays initiation of legal process to align LIC stk
	Rupee opens at 42.82/USD vs 42.84/USD on Thursday
	Karnataka Bank board approves 1:5 rights issue at Rs 100/sh
	45.37 lakh Suzlon shr change hands on BSE at Rs 250.95/sh
	Oil India plans to launch IPO by Sep: NW18
	ABG Shipyard bags order worth Rs 127 Cr
	Nutrient base pricing is good for industry:RCF
	FM says avg prc of complex fert to decline by Rs 1416/t
	Deccan Chronicle likely to place Sieger Eq at EV of USD750 m
	BNP Paribas see 25 bps CRR hike before RBI July policy

Disclaimer

RESULTS: Actuals vs Estimates - from IndiaEarnings



Punj Lloyd
Net Sales	2,346.70	2,280.00	2.93
Net Profit	117.00	105.00	11.43


Larsen
Net Sales	8,467.00	7,866.00	7.64
Net Profit	967.00	846.00	14.30


ITC
Net Sales	3,934.00	3,909.30	0.63
Net Profit	735.00	749.20	- 1.90


Bank of Baroda
Net Interest Income	1,028.50	1,080.90	- 4.85
Net Profit	276.00	346.42	- 20.33


Suzlon Energy
Net Sales	4,923.70	4,785.40	2.89
Net Profit	464.80	487.20	- 4.60


SAIL
Net Sales	13,550.00	13,497.50	0.39
Net Profit	2,376.80	2,606.10	- 8.80


Chennai Petro
Net Sales	8,399.50	7,785.00	7.89
Net Profit	343.90	201.70	70.50


PNB
Net Interest Income	1,517.00	1,455.80	4.20
Net Profit	544.00	351.20	54.90


Kotak Mahindra
Net Interest Income	636.20	445.30	42.87
Net Profit	240.00	221.30	8.45


Ashok Leyland
Net Sales	2,562.00	2,530.00	1.26
Net Profit	180.50	165.00	9.39


Shree Cements
Net Sales	650.00	624.00	4.17
Net Profit	41.00	118.00	- 65.25


Union Bank
Net Interest Income	854.39	827.68	3.23
Net Profit	521.10	280.52	85.76


DLF
Net Sales	4,372.00	3,704.60	18.02
Net Profit	2,177.00	2,039.17	6.76


Patni Computer
Total Revenue	693.35	698.00	- 0.67
Net Profit	80.12	82.70	- 3.12


Grasim
Net Sales	2,742.35	2,675.00	2.52
Net Profit	487.00	498.00	- 2.21


ICICI Bank
Net Interest Income	2,079.50	2,203.65	- 5.63
Net Profit	1,150.00	975.20	17.92


Wockhardt
Net Sales	785.70	741.00	6.03
Net Profit	50.90	87.00	- 41.49


HUL
Net Sales	3,793.90	3,623.90	4.69
Net Profit	380.90	389.50	- 2.21


Reliance Infra
Total Revenue	1,614.00	1,708.00	- 5.50
Net Profit	311.00	223.60	39.09


Andhra Bank
Net Interest Income	414.90	383.77	8.11
Net Profit	124.25	155.50	- 20.10


Bharti Airtel
Total Revenue	7,819.00	7,549.70	3.57
Net Profit	1,853.00	1,789.70	3.54


Hero Honda
Net Sales	2,788.65	2,740.00	1.78
Net Profit	298.70	250.00	19.48


Idea Cellular
Net Sales	1,985.30	1,869.10	6.22
Net Profit	278.00	259.60	7.09


HDFC Bank
Net Interest Income	1,642.10	1,613.50	1.77
Net Profit	471.10	471.90	- 0.17


Oriental Bank
Net Interest Income	437.06	414.75	5.38
Net Profit	204.50	152.58	34.03


Indian Bank
Net Interest Income	513.21	617.67	- 16.91
Net Profit	241.67	296.37	- 18.46


UltraTechCement
Net Sales	1,602.00	1,540.00	4.03
Net Profit	283.00	278.00	1.80


Ranbaxy Labs
Net Sales	1,623.10	1,731.00	- 6.23
Net Profit	153.00	139.00	10.07


TCS
Total Revenue	6,094.70	6,220.80	- 2.03
Net Profit	1,255.90	1,345.80	- 6.68


Biocon
Net Sales	266.60	284.30	- 6.23
Net Profit	65.30	64.00	2.03


Reliance
Net Sales	37,286.00	36,319.00	2.66
Net Profit	3,912.00	4,067.70	- 3.83


Axis Bank
Net Interest Income	828.40	784.20	5.64
Net Profit	361.40	300.50	20.27


Satyam
Net Sales	2,416.00	2,353.20	2.67
Net Profit	466.90	488.10	- 4.34


Wipro
Total Revenue	5,691.90	5,628.50	1.13
Net Profit	880.00	872.00	0.92


MindTree
Total Revenue	217.80	199.50	9.17
Net Profit	34.70	26.70	29.96


Power Finance
Net Interest Income	516.00	543.70	- 5.09
Net Profit	297.64	359.25	- 17.15


Aztecsoft
Net Sales	68.70	67.80	1.33
Net Profit	3.15	4.50	- 30.00


Infosys
Total Revenue	4,542.00	4,527.40	0.32
Net Profit	1,249.00	1,253.80	- 0.38

Indian Stock Market Blog

Blog Archive

Tuesday, July 8, 2008

Larsen and Toubro bags Rs.10.47 bn from Indian Railways

No comments:

Sify.com - News

NDTV - Business News

Moneycontrol - Buzzing Stocks

Moneycontrol Top Headlines

News Flash from IndiaEarnings

Where do you think the SENSEX will bottom out?

OTHER HEADLINES

Google Toolbar

Essential Softwares from Google

RESULTS: Actuals vs Estimates - from IndiaEarnings