Wednesday, November 21, 2012

Corporate News 21-11-2012

Corporate News

L&T Construction has bagged orders worth Rs 2,503 crore. Its infrastructure division has secured an order valued at Rs 1,985 crore from GVK Project and Technical Services. L&T will execute the major portion of the work for the 850 MW Ratle Hydroelectric Power Project located on the Chenab in the Kishtwar district of Jammu & Kashmir.

Titan is aiming to clock a profit before tax of Rs 1,000 crore this fiscal and plans to spend about Rs 200 crore in retail as well as manufacturing initiatives. Besides, the company also plans to launch its e-commerce website in January to tap the growing demand from online-shoppers. Titan expects adding the portal should contribute Rs 100 crore of revenue in the next three years.

Tara Jewels public issue opens on 21-Nov-2012 and will close on 23-Nov-2012. Tara Jewels issue would come in the price band of Rs 225-230/share.

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