Alstom Projects India Ltd has bagged two contracts totally worth more than Rs 84 crore. While one order was from NALCO for the supply of a fume treatment plant to its Angul plant, the other was from Rashtriya Ispat Nigam Ltd for the supply of a stock house dust extraction system to its Visakhapatnam steel plant.

Elecon Engineering Company Ltd has been awarded Letter of Intent for Rs 19.45 crore by Cethar Ltd (formerly Cethar Vessels Ltd), Tiruchirapalli, for design, manufacture and commissioning of two wagon tippler and its accessories.

Mahindra Ugine Steel Company Ltd's board of directors on May 2, approved capital expenditure of about Rs 47.49 crore for establishing Automated Heavy Stamping Presses (press shop) at its Stamping Division at Pantnagar near Rudrapur, Uttarakhand.

The proposed new press shop will meet the increasing demand for stamping components by clients in and around Pantnagar and Rudrapur such as Tata Motors Ltd, Ashok Leyland and M&M. The press shop is expected to be commissioned in FY 2013-14.

Petronet LNG Ltd (PLL) and Gangavaram Port Ltd on May 2, signed a binding term sheet for developing a land based Liquefied Natural Gas (LNG) terminal at Gangavaram Port, Andhra Pradesh, with a capacity of five million tonnes a year.

VIP Industries Ltd has incorporated a wholly owned subsidiary, VIP Industries Bangladesh Pvt Ltd, on April 5 to set-up luggage manufacturing plant in Bangladesh.

(This article was published on May 2, 2012)
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