• L&T Construction wins orders valued Rs1099 Crs
Larsen & Toubro has announced that L&T Construction Wins Orders Valued Rs1099 Crores. The orders include Rs517 crores of T&D projects in both the international and domestic markets. The buildings & factories business secured an order worth Rs300 crores, which is primarily to design and construction of an integrated foods manufacturing factory in Punjab. The water smart world & communication business secured orders worth Rs 282 crores.
• VHCL Inds bags export order worth Rs27.50 cr
VHCL Industries has bagged an export order worth Rs27.50 crore for compounded plastic recycled granules from its customer Max Apex. The order has been revised by the same customer from the tune of Rs20.50 crore on account of change in their requirement. The company would like to correct the statement to reflect the actual position. The company would also like to disclose that as per the previous communication, it is undergoing advanced negotiations through the authorized representative of the Board Mr, Pank4 Valia for a stake sale with the same company who has placed this order.
• On Mobile unveils innovative Ring back Tone application
On Mobile Global announced that it has launched a new Ring back Tone (RBT) application. The app, which is now “live” in Spain, showcases a series of ‘firsts' and a great design and provides a truly compelling user experience. This new product is currently available on Android and will soon be introduced on iOS. This app introduces several new features designed to increase user awareness of and engagement with this product. Because it is subscription-based, the application gives users the freedom to change the songs assigned to their contacts as often as they like.
• Ashok Leyland May 2015 volumes up 40.1% (YoY) to 9,294 units
Ashok Leyland today reported a 40.13% hike in total sales at 9,294 units in May as against 6,632 units in the same period last year. Ashok Leyland medium & heavy commercial vehicle (MHCV) volumes were up 41.1% to 6,892 units. Light Commercial Vehicle ( LCV) volumes were up 37.4% YoY to 2,402 units. While MHCV sales were in-line with estimates, the strong uptick in LCV sales was ahead of our expectation.
• KSS arm enters into MoU with R-Mall
KSS has announced that K Sera Sera Miniplex Ltd (KSSMPL), subsidiary of KSS Ltd has entered into MOU with ' R-Mall' by Runwal Constructions (RC) for constructing and operating four (1 Gold and 3 Pushback) miniplex screens and carrying on other related activities of Entertainment/Education/E-Learning/F&B- under the trade name ' K Sera Sera Miniplex' located at Ghodbunder Road, Near Runwal Estate, Thane (W)- 400 601. This will take the count to 141 screens which are signed up for miniplexes.
• Mohit Inds board approves demerger of AAC Blocks
Mohit Industries announced that the Board of Directors of the Company at its meeting held on May 30, 2015, has considered and approved the proposal for the demerger of AAC Blocks (Aerated Autoclave Concrete) Business into a Separate company in order to achieve operational, and administrative efficiencies and with a view to concentrate on the focused business, Facilitate Expansion, or any other arrangement depending on the opportunity in the future.
• Pratibha Industries surges as Q4 robust execution boosts earnings
Shares of Pratibha Industries surged 6% to Rs41.55 on NSE post Q4FY15 results as robust execution boosts earnings despite higher interest burden .Revenue rise by 51.8% YoY to Rs942 crore: Consolidated revenues of Pratibha Industries Ltd (PIL) rose by 51.8% year on year (YoY) to Rs942 crore. Infrastructure and construction division grew by 64.2%YoY to Rs905 crore. The manufacturing division on the other hand posted a revenue of Rs0.6 crore as against Rs0.05 crore during Q4FY2014.
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