McNally Bharat consortium bags Rs 688cr contract

Saturday, March 17, 2007, 22:34 [IST]

New Delhi, Feb 26 (UNI) McNally Bharat Engineering Company Ltd today said it has bagged a Rs 688 crore order in consortium with Russia's TYAZPROMEX PORT (TPE) from state-owned Rashtriya Ispat Nigam Ltd (RINL).

The contract is for the construction of a new sinter plant at RINL's facility in Visakhapatnam.

The value of the order awarded to McNally Bharat is Rs 555.67 crore, a statement said.

UNI

Topics: INFRASTRUCTURE-MCNALLY BHARAT-ORDER

Other articles published on March 17, 2007

Allahabad Bank opens first Overseas branch in Hong Kong

Saturday, March 17, 2007,22:34 [IST]

New Delhi, Feb 26 (UNI) Foraying into the outside market, Allahabad Bank, country's oldest joint stock bank, today announced it has opened its first overseas branch in Hong Kong. The bank opened a branch at the Lippo Centre to serve retail and corporate clients. As part of its China expansion plans, the bank also opened a representative office in Shenzhen from where it will explore opportunities in the dynamic southern China region. ''Having consolidated our business with 2,046 branches.....

Steel industry welcomes the 2007-08 proposed Railway budget

Saturday, March 17, 2007,22:34 [IST]

New Delhi, Feb 26 (UNI) The steel industry has welcomed the new initiative of cutting freight tariff on iron ore announced by the Railway Minister Lalu Prasad in his Railway budget for 2007-08. The industry feels that this initiative is in the right direction and hoped that it would be applicable to all steel plants. The industry said that the Railway Minister's shift to expanding new railway capacities is a welcome development after his earlier focus on utilising existing assets during.....

Limitless Updates

India News

News Archives

Nath supports Nepal's export to India

Saturday, March 17, 2007,22:34 [IST]

Kathmandu, Feb 26 (UNI) Commerce Minister Kamal Nath today said the Indian Government is ready to extend all support to increase Nepal's export to India. Mr Nath, who is in Kathmandu to participate in the South Asia Free Trade Agreement (SAFTA) Ministerial Council meet said the export from Nepal to India had increased significantly since 1996 and the trade treaty between the two countries would also help expand the bi-lateral trade. He informed the meeting agreed that India and Pakistan would.....

RIL's promoters to pick up stake at Rs 1,402/share

Saturday, March 17, 2007,22:34 [IST]

New Delhi, Feb 26 (UNI) The Reliance Industries Ltd today said the issue price of shares through the preferential offer of 12 crore warrants to its promoters has been fixed at Rs 1,402. The company's board, which met on Saturday, has accorded approval to raise further equity by way of the preferential issue warrants. While an amount equal to 10 per cent of the price will be paid on allotment of the warrants, the remaining 90 per cent will be paid.....

Luxottica seeks RayBan NOC to enter Indian eyewear market

Saturday, March 17, 2007,22:34 [IST]

New Delhi, Feb 26 (UNI) Italy's Luxottica Group SpA, which holds a 44 per cent stake in RayBan Sun Optics India, owner of luxury eyewear brand 'Rayban', is seeking the latter's no-objection certificate to enter the Indian eyewear business on its own. Keeping up with the trend of foreign firms quitting their Indian partners to go alone in the domestic market, Luxottica has indicated its intention to set up wholly-owned subsidiaries for the purpose. Such subsidiaries are proposed to be.....