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BHEL bags Rs 1.29 bn captive power plant project from Hindustan Zinc
Bharat Heavy Electricals Limited (BHEL), the state-run engineering giant has bagged its third successive order for a captive power plant (CPP) from Hindustan Zinc.
Under the plans envisaged, the company`s plant shall cater to the captive power requirements of HZL’s unit at Jawar Mines at Udaipur in Rajasthan.The company is executing another order for one unit of 80 MW at the same captive power plant, following the excellent performance and high operating availability of the first two units.
The project valued at nearly Rs.1.29 billion includes design, engineering, manufacture, supply, installation, erection, testing and commissioning of the power plant. The major equipment to be supplied include a 80 MW steam turbine generator and 320 TPH pulverised fuel fired boilers with state-of-the-art controls and instrumentation (C&I) and all associated auxiliaries, said the company press release.
While the steam turbine generator will be manufactured at BHEL`s Hyderabad plant, the boiler will be manufactured at its Trichy plant. BHEL`s Electronics Division, Bangalore will supply the control system and the auxiliaries will be supplied by its Ranipet plant. The erection and commissioning of the equipment will be carried out by the company`s power sector - western region, Nagpur.
BHEL had earlier executed a turnkey order for two units of 77 MW each at Hindustan Zinc`s CPP Chanderia lead zinc smelter plant in Chittorgarh, Rajasthan.
Gitanjali Gems issues FCCBs worth USD 110 mn to fund capex
Gitanjali Gems has said that it has issued foreign currency convertible bonds worth USD 110 million (approximately Rs 4.95 billion). The proceeds of the issue shall be used to fund the company`s capex needs and acquisitions.
As per the terms of the issue, the FCCBs will have a maturity of five years and one day and will be convertible into equity shares of the company at a conversion price of Rs 275 per share, which is a premium of approximately 28% on the BSE price on November 24, 2006. The FCCBs will mature on November 25, 2011.
The underlying equity shares on conversion will be listed on BSE and NSE. The FCCBs will he listed on the Singapore Stock Exchange.Jefferies International was the sole book-runner and lead manager for the transaction. Keynote Corporate Services & Atherstone Capital (Asia) acted as advisors on the transaction.
Hazoor Media to issue bonus shares
Hazoor Media Power has passed a resolution for the issue of bonus shares in proportion of one equity share of Rs 4 each as against one existing equity share of Rs 4 fully paid-up share capital of the company, to the holders of existing equity shares of the company.
The members at the extra ordinary general meeting (EGM) of the company held on November 24, 2006, passed a resolution for issue of the bonus shares.
Hazoor Media and Power is a professionally managed organization, which has diversified focus on media and power business through its vivid business and technology experience.Recently, the board of Hazoor Media & Power approved the recommendation of 10% dividend or Rs 0.40 per equity share on the face value of Rs 4 per equity share.
Unity Infraprojects bags Rs 655.58 mn order from AAI
Infrastructure and construction company, Unity Infraprojects has announced that it has received a Letter of Acceptance (LOA) from the Airports Authority of India towards modular expansion of airport terminal building at Amritsar for an amount of Rs 655.88 million.
The tender was submitted by the company in consortium with Pratibha Industries. Unity Infraprojects would hold 75% in the consortium, while 25% is being held by Pratibha Industries.It recently bagged orders aggregating Rs 851.63 million from the Public Works Department, Government of Karnataka for the construction of circuit bench of the High Court of Karnataka at Gulbarga for a consideration of Rs 666.63 million.
Unity Infraprojects undertake various types of contracts such as construction projects, which include structures such as commercial and residential buildings, transportation engineering projects including roads, bridges, flyovers and subways and irrigation and water supply projects including dams, tunnels and lift irrigation projects.
Bharat Heavy Electricals Limited (BHEL), the state-run engineering giant has bagged its third successive order for a captive power plant (CPP) from Hindustan Zinc.
Under the plans envisaged, the company`s plant shall cater to the captive power requirements of HZL’s unit at Jawar Mines at Udaipur in Rajasthan.The company is executing another order for one unit of 80 MW at the same captive power plant, following the excellent performance and high operating availability of the first two units.
The project valued at nearly Rs.1.29 billion includes design, engineering, manufacture, supply, installation, erection, testing and commissioning of the power plant. The major equipment to be supplied include a 80 MW steam turbine generator and 320 TPH pulverised fuel fired boilers with state-of-the-art controls and instrumentation (C&I) and all associated auxiliaries, said the company press release.
While the steam turbine generator will be manufactured at BHEL`s Hyderabad plant, the boiler will be manufactured at its Trichy plant. BHEL`s Electronics Division, Bangalore will supply the control system and the auxiliaries will be supplied by its Ranipet plant. The erection and commissioning of the equipment will be carried out by the company`s power sector - western region, Nagpur.
BHEL had earlier executed a turnkey order for two units of 77 MW each at Hindustan Zinc`s CPP Chanderia lead zinc smelter plant in Chittorgarh, Rajasthan.
Gitanjali Gems issues FCCBs worth USD 110 mn to fund capex
Gitanjali Gems has said that it has issued foreign currency convertible bonds worth USD 110 million (approximately Rs 4.95 billion). The proceeds of the issue shall be used to fund the company`s capex needs and acquisitions.
As per the terms of the issue, the FCCBs will have a maturity of five years and one day and will be convertible into equity shares of the company at a conversion price of Rs 275 per share, which is a premium of approximately 28% on the BSE price on November 24, 2006. The FCCBs will mature on November 25, 2011.
The underlying equity shares on conversion will be listed on BSE and NSE. The FCCBs will he listed on the Singapore Stock Exchange.Jefferies International was the sole book-runner and lead manager for the transaction. Keynote Corporate Services & Atherstone Capital (Asia) acted as advisors on the transaction.
Hazoor Media to issue bonus shares
Hazoor Media Power has passed a resolution for the issue of bonus shares in proportion of one equity share of Rs 4 each as against one existing equity share of Rs 4 fully paid-up share capital of the company, to the holders of existing equity shares of the company.
The members at the extra ordinary general meeting (EGM) of the company held on November 24, 2006, passed a resolution for issue of the bonus shares.
Hazoor Media and Power is a professionally managed organization, which has diversified focus on media and power business through its vivid business and technology experience.Recently, the board of Hazoor Media & Power approved the recommendation of 10% dividend or Rs 0.40 per equity share on the face value of Rs 4 per equity share.
Unity Infraprojects bags Rs 655.58 mn order from AAI
Infrastructure and construction company, Unity Infraprojects has announced that it has received a Letter of Acceptance (LOA) from the Airports Authority of India towards modular expansion of airport terminal building at Amritsar for an amount of Rs 655.88 million.
The tender was submitted by the company in consortium with Pratibha Industries. Unity Infraprojects would hold 75% in the consortium, while 25% is being held by Pratibha Industries.It recently bagged orders aggregating Rs 851.63 million from the Public Works Department, Government of Karnataka for the construction of circuit bench of the High Court of Karnataka at Gulbarga for a consideration of Rs 666.63 million.
Unity Infraprojects undertake various types of contracts such as construction projects, which include structures such as commercial and residential buildings, transportation engineering projects including roads, bridges, flyovers and subways and irrigation and water supply projects including dams, tunnels and lift irrigation projects.
posted by SY at 3:56 PM
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