Month: April 2009

Man Industries, one of the leading manufacturers of large diameter pipes in India, has has emerged as winner for a prestigious order from the Middle East for Rs 1,340 crore. The order will be completed in this financial year. The company has also emerged as lowest bidder for the orders worth Rs 1,100 crore in domestic … Read more Man Industries wins prestigious order from Middle East

Bharti Airtel board in its meeting held on April 29, 2009 have approved sub-division (share split) of existing equity shares of Rs. 10/- (Ten) each into 2 (two) equity shares of Rs. 5 (Five) each, subject to the approval of its shareholders. Board of Directors of Bharti Airtel has recommended a final dividend of Rs.2.00 … Read more Bharti Airtel Stock Split + Dividend

In its near term outlook for global steel sector, the World Steel Association (WSA) has said that India’s steel consumption is expected to increase by 1.7% to 53.5 million tonne (MT) in 2009 against 52.6 MT in 2008. ‘India is projected to have a positive growth of (about) 2% for apparent steel use in 2009,’ … Read more Indian steel to reverse global trend

ABB, the leading power and automation technology group, has won substation orders worth around Rs 425 crore from Powergrid, India’s national transmission utility, to boost capacity and help improve grid reliability. The contract is for the design, supply, installation and commissioning of 765 / 400 kilovolt (kV) substations at Agra (Uttar Pradesh), Wardha (Maharashtra), Bilaspur … Read more ABB bags orders worth Rs 425 crore from Powergrid

Pepper futures continued to trade lower for the second day on NCDEX as traders resorted to profit booking in a bid to cash in on earlier high prices. The May futures contract fell to an intra-day low of Rs 12,382 per 100 kg after touching a high of Rs 12,584 per 100 kg. The counter … Read more Pepper trades lower for the second day on NCDEX