Power Mech Projects has received a Letter of Intent (LoI0 from Lanco Infratech for the 660-MW Supercritical Ennore Thermal Power Station Expansion Project at Ennore, Chennai, Tamil Nadu. While ₹50.96 crore of the LoI is for erection, testing, commissioning and providing assistance for PG test of boiler, another part worth ₹8.87 crore is for electro static precipitator package. Shares of Power Mech Projects slipped 1.12 per cent at ₹606.15 on the NSE.
Blue Star has entered into a joint venture in the MEP contracting business with WJ Towell & Co LLC, Oman, by acquiring 51 per cent stake in the JV entity, Blue Star Oman Electro-Mechanical Company LLC. The company has not provided any financial details of the deal. The stock of Blue Star closed at ₹380 apiece, up 0.96 per cent on the NSE.
The board of AuSom Enterprise on Thursday approved a proposal to invest in Swadeshi Distributors LLP, which is engaged in the business of generation of hydro-power. It envisages stake buy of up to 80 per cent. The company, however, did not provide any other details. The stock of AuSom Enterprise gained 2.9 per cent at ₹33.75 on the NSE.
Published on October 29, 2015
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