Todays top news

Punj lloyd updates
Punj Lloyd Ltd has informed BSE that the Company (i.e. Punj Lloyd Ltd) and its subsidiary Punj Lloyd Pte Ltd., Singapore have been awarded projects worth Rs 18640 million.Sembawang Infrastructure (India) Pvt Ltd (a subsidiary of Sembawang Engineers and Constructors Pte Ltd, Singapore) has been awarded projects worth Rs 970 million.With the award of above projects, the order backlog for Punj Lloyd Group is Rs 214,092 million. This is the total value of unexecuted orders as on January 01, 2008 and new orders received till date.

Lanco Infratech wins 3300 MW Power Projects in Uttar Pradesh
Lanco Infratech Ltd (LITL) has announced that the Company has won two super critical power projects with an installed capacity of 3300 MW in Uttar Pradesh. The bids called by the Uttar Pradesh Government for development of the two thermal power projects viz., Prayagraj of 1980 MW (3x660 MW) and Sangam of 1320 MW (2x660 MW) were opened on April 11, 2008 at the Office of Uttar Pradesh Power Corporation Ltd which conducted the competitive bidding process on behalf of the Government. As per the terms of the bids, while 90% of power generated through the projects must be sold to the Government of Uttar Pradesh, the remaining 10% could be sold by the successful bidder through the merchant market.LITL has won both the projects by outbidding other top players like Reliance Power, NTPC and Jindal Steel & Power. The projects include all the required infrastructure linkages like road, water, fuel and rail.From among the four leading business houses that participated in the bid for the Prayagraj Power Project, LITL won the bid with a quote of Rs 2.88 per unit. The second lowest bidder Reliance Power quoted Rs 2.94 per unit, followed by NTPC's Rs 3.44 and Jindal Steel & Power's Rs 3.591. The Sangam Power project had five players in the fray - LITL, Reliance Power, JSW, Jindal Steel & Power and RPG. Here also LITL won the bid through a quote of Rs 2.838 per unit while Reliance Power's was Rs 3.051, CESE's Rs 3.389, JSPL's Rs 3.51 and JSW's Rs 3.545.LANCO Chairman L Madhusudhan Rao said the Group needed to invest around Rs 14,000 crore for developing the two projects in Uttar Pradesh. With the addition of the two projects, LANCO would now have a total capacity of around 13,000 MW, covering both operational and those under implementation and development.
Rural electrification updates
Rural Electrification Corporation Ltd has informed BSE about the provisional financial highlights for the year 2007-08:"ROBUST FINANCIALS:The provisional and un-audited loan sanctions of Rs 607640 million during 2007-08 as against Rs 329250 millions registering an Increase of 84.55%.The provisional and un-audited loan disbursement of Rs 163030 million during 2007-08 as against Rs 137320 millions registering an increase of 18.72%.The provisional and un-audited profit before tax is Rs 13000 million during 2007-08 as against Rs 10060 millions registering an Increase of 29.22%.
Motilal oswal to consider stock split
Motilal Oswal Financial Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 21, 2008, inter alia, to consider the following:1. The Audited financial results of the Company for the financial year ended March 31, 2008.2. The Audited Consolidated financial results of the Company and its subsidiaries for the financial year ended March 31, 2008.3. The recommendation, if any, of the dividend for the financial year ended March 31, 2008.4. The sub-division (split) of the Equity Shares of the Company, and5. The recommendation, if any, of the Remuneration / Compensation Committee to frame Employees' Stock Option Scheme(s) for the benefit of the employees of the Company and its subsidiaries