Corporate news

Our Bureau Coimbatore | Updated on July 20, 2011 Published on July 20, 2011

Ahluwalia Contracts (India) Ltd has secured new orders aggregating Rs 482 crore for construction of residential, institutional and hotel buildings including electrical plumbing and fire-fighting services.

IRB Infrastructure Developers Ltd's board of directors on Wednesday approved the enabling resolution for raising funds by further issue of securities in domestic/ international markets through various instruments including equity shares/ warrants with Non-Convertible Debentures under Qualified Institutions Placement (QIP) or Foreign Currency Convertible Bonds (FCCBs) or American Depository Receipts (ADRs) or Global Depository Receipts (GDRs) etc. up to an amount not exceeding Rs1,200 crore.

L&T's Power Transmission & Distribution IC has secured an EPC order valued Rs 1,210 crore ($269 million) from Qatar General Electricity & Water Corporation for supply and construction of 13 extra high voltage substations. The order is the single largest order for L&T's power transmission and distribution operations in GCC countries and will be completed in 18-26 months.

Sunil Hitech Engineers Ltd's board of directors on Tuesday approved the acquisition of 51 per cent stake in I-Tec India Pvt. Limited, a global company that operates in the field of soil stabilisation, ecological road infrastructure and approved the Shareholders Agreement to be executed to that effect.

Uflex Ltd's step down subsidiary Flex P. Films (Egypt) S.A.E. has commissioned A1-Ox Coater, CPP-film line at Egypt.

Winsome Yarns Ltd has fixed August 5 as the record date for consolidation of equity shares of Re 1 each into shares of Rs 10 each.

Published on July 20, 2011
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