Infrastructure major Punj Lloyd's net loss has narrowed to Rs 231.81 crore during the quarter ended December 31, 2016.
Author: admin (Infratructure Today)
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NHAI to float bids for monetising 10 national highway projects
Buoyed by response from international institutional investors, the National Highways Authority of India (NHAI) plans to come out with bids for monetisation of 10 out of 75 public-funded national highway projects in the first phase.
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Hartek Group bags PSPCL smart grid order for three upcoming Smart Cities
Chandigarh-based Hartek Group, one of IndiaÂ’s fastest growing concerns catering to the power sector, has bagged a smart grid order from the Punjab State Power Corporation Ltd (PSPCL) for the supply, installation and commissioning of Supervisory Control and Data Acquisition (SCADA) relays at 55 substations in the upcoming Smart Cities of Ludhiana, Amritsar and Jalandhar.
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GMR Hyderabad Airport bags CAPA award
GMR Hyderabad International Airport, which operates the Rajiv Gandhi International Airport, has won the Centre for Asia Pacific Aviation (CAPA) ChairmanÂ’s Order of Merit for its focus on environmental sustainability and becoming the first airport in the Asia-Pacific region to become carbon neutral.
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NCC Ltd Q3 net profit up at Rs 58.27 crore
Hyderabad-based construction company NCC Limited has reported a 2 per cent increase in net profit at Rs 58.27 crore for the quarter ended December 2016 as compared to Rs 57.03 crore in the corresponding quarter of the previous year.
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Second National Conclave on Mines and Minerals to be held in Delhi
The Ministry of Mines had organised the first National Conclave on Mines & Minerals on 4-5 July 2016 at Raipur jointly with the Government of Chhattisgarh. It was an astounding success, owing to overwhelming support of all stakeholders of the mining industry. All the participants expressed great satisfaction on the organisation and outcome of the conclave.
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Hindustan Copper Q3 standalone net doubles to Rs 17 crore
Hindustan Copper has announced said its standalone net profit has nearly doubled to Rs 16.8 crore in the third quarter ended December 31, 2016.
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GAIL Q3 net profit up 46 per cent
GAIL has posted a 46 per cent rise in third-quarter profit aided by a boost in the petrochemicals business.
Profits rose to Rs 983 crore in the October-December quarter from Rs 676 crore a year ago. Sales fell 9 per cent to Rs 12,294 crore on a drop in natural gas sales. The revenue from natural gas marketing dropped by 20 per cent to Rs 9,414 crore and profit fell 38 per cent to Rs 300 crore in the quarter.
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Tata Power Q3 net profit jumps 38percent to Rs 599 crore
Tata Power has reported a 38 per cent rise in consolidated net profit at Rs 599.2 crore for the third quarter ended December 31.
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New record low solar tariff of Rs 3.30/kWh logged at Rewa Solar Park auction
In the recently concluded 750 MW Rewa Solar Park auction in Madhya Pradesh, bids reached a new record low of Rs 3.30 (~$0.494)/kWh (levelised tariff over 25 years) over a rupee lower than the previous low tariff of Rs 4.34 (~$0.065)/kWh, which was recorded in the state of Rajasthan in January 2016. The winning bid for first year tariff hit a new low at Rs 2.97 (~$0.0444)/kWh and will escalate by Rs 0.05 (~$0.0007) over 15 years, bringing the levelised tariff to Rs 3.30 (~$0.494)/kWh over 25 year