Reliance Industries | Larsen & Toubro | Tulip Telecom | KEC International

Reliance Industries LTP: Rs 1006.95

Reliance Industries said it will buy its third shale gas asset in the United States for USD 392 million. Reliance will pay USD 340 million in cash to acquire a 60 per cent stake in the Marcellus shale-gas acreages held by Carrizo Oil and Gas Inc and its partner. The remainder USD 52 million would in Carrizo’s drilling cost in the Marcellus shale-gas areas of central and northeast Pennsylvania.

Larsen & Toubro LTP: Rs 1809.80

L&T in consortium with Paul Wurth of Italy has been awarded the Rs 16.27 billion EPC contract to build the 2.8 MTPA blast furnace for SAIL – Bhilai steel plant. L&T`s share in the contract is Rs 10.10 billion. L&T in consortium with Outotec of Germany has been awarded Rs 6.70 billion EPC contract to build a 3.7 MTPA sinter plant for SAIL-Bhilai steel plant. L&T`s share in this contract is Rs 5.38 billion. In the non ferrous segment, L&T has bagged an additional order of Rs 2.01 billion from BALCO for capacity expansion of its smelter at Korba.

Tulip Telecom LTP: Rs 181.35

Tulip Telecom has bagged projects worth Rs 1.58 billion. The company has been selected as the network bandwidth service provider (NBSP) for deploying data connectivity services in the states of Uttar Pradesh and Gujarat under the R-APDRP scheme. The projects are required to be delivered over a period of 12 to 18 months and maintained over a period of 5 years.

KEC International LTP: Rs 487.45

KEC International has won orders worth Rs. 250 crore in the substation & transmission space. With these orders, the company’s current order book stands at Rs. 5,900 crore. The order wins from Power Grid Corporation (Rs.92 crore) and the Bhutan Power Corporation (Rs. 62 crore) is another step towards consolidating ourselves in the substation segment.

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