Friday, November 23, 2012

CORPORATE NEWS 23-11-2012

Corporate News
L&T said that it has won new orders worth Rs 2,503 crore across various segments. L&T Construction has secured a prestigious order, valued Rs 1,985 crore from GVK Project and Technical Services. L&T's Buildings and Factories has bagged new orders worth Rs 397 crore order pertains to construction of commercial building in Mumbai, , while the water and effluent treatment business has received an order worth Rs 121 crore from the Public Health Engineering Department, Rajasthan.

Alstom India said it is undertaking the proposed demerger of its boiler business into its wholly owned subsidiary.

United Bank of India board approves fund raising. It has approved issue and allotment of Unsecured Perpetual Tier-I Bonds (Series I) in the nature of Promissory Notes of Rs 10 lakh each up to a maximum amount of Rs 250 crore with a Green Shoe option up to a maximum of Rs 250 crore (total amount not exceeding Rs 500 crore) through private placement. The board has also decided to raise at least Rs 250 crore and a maximum Rs 300 crore through rights issue of equity shares.
Rating agency Moody's said Indian economy is expected to have grown by little more than 5.5 per cent in Q2 FY12-13.

0 comments:

Post a Comment

Let Us Know Your Opinion!


Bazaar Trend Chart

Share

Twitter Delicious Facebook Digg Stumbleupon Favorites More