Shares of BGR Energy Systems have surged 18% to Rs 108 per share on the BSE on back of heavy volumes after the company announced that it has secured two orders worth of Rs 4.31 billion from Nuclear Power Corporation of India for Kudankulam Nuclear Power projects – 3 & 4. The company bagged Rs […]
Day: June 12, 2018
Govt wants to ease process of purchasing ethanol: Pradhan
Oil Minister Dharmendra Pradhan has promised to ease the process of purchasing sugarcane-extracted ethanol for doping in petrol, a move that will help farmers get better price for the crop and cut the country’s dependence on oil imports. Pradhan, on a visit to the city to promote bidding for city-gas distribution licences, said, “For this, […]
L&T Construction gets Rs 13.87-billion contract in Andhra Pradesh
Engineering major Larsen & Toubro (L&T) on Tuesday said its construction arm has bagged an order worth Rs 13.87 billion for construction of a bridge across the Krishna river in Andhra Pradesh. “The construction arm of L&T will construct a …bridge across the river Krishna at Amaravati, Andhra Pradesh. The bridge will connect Pavitrasangamam in […]
NHAI to do pre-tender health check on highways, share data with bidders
The National Highways Authority of India (NHAI), which is currently tendering road monetisation projects, has started of a unique data-sharing plan with prospective bidders. It is undertaking the task of conducting due diligence for the contracts prior to their bidding. NHAI will ascertain the health of TOT or toll-operate-transfer projects, which would then be offered […]
OPEC will squeeze oil buffer to historic lows with an output hike
The oil industry will face the biggest squeeze on its spare production capacity in more than three decades if OPEC and its allies agree next week to hike crude output, leaving the world more at risk of a price spike from any supply disruption. Spare capacity is the extra production oil producing states can bring […]