L&T in focus after securing large contract

L&T in focus after securing large contract

L&T announced that its construction arm along with its JV partner in Qatar, Al Balagh Trading & Contracting, has signed a contract to build a 40,000 seater stadium, as part of the sports infrastructure being readied by the Emirate in preparation of the 2022 Fifa World Cup. The contract for the project is for a combined value of $360 million for both JV partners and is slated to be completed by 2019. The scope for the stadium includes main works and construction of the site, following completion of the enabling works, L&T said in a statement. The announcement was made after market hours yesterday, 7 June 2016.

Pharma Lupin announced the appointment of Yugesh Goutam as President-Global Human Resources (HR). Yugesh will lead the HR function for Lupin globally and will be based at the company's corporate headquarters in Mumbai, India. Yugesh takes over from Divakar Kaza who has opted to retire after a transition period to pursue other interests, Lupin said in a statement. The announcement was made after market hours yesterday, 7 June 2016.

Asian Granito India (AGL) announced that it has a won a 12 lakh sq. meters order for its recently launched 1000x1000mm Jumbo Double Charge vitrified tiles and 800x800mm Imperio Double Charge vitrified tiles. Jumbo is AGL's first initiative to make such gigantic size through most eco-friendly double charge technology of the world, with the special type of fedders to provide regal designs, AGL said in a statement. Imperio Double Charged vitrified tile is blend of aesthetic look like digital tiles, the company said. The announcement was made after market hours yesterday, 7 June 2016.

Bharat Forge will be watched. Alstom Bharat Forge Power (ABFPPL), the joint venture company between GE and Bharat Forge, signed a contract worth $219 million approximately with NTPC. The company will supply two units of 800 megawatts (MW) ultra-supercritical Steam Turbine Generator Islands, on engineering procurement and construction (EPC) basis, along with related civil work for the Telangana Super Thermal Power Project Phase-1 near Ramagundam, Karimnagar district of Telangana state in India.

The total power demand from the southern region is 34,000 MW. The 800 MW Steam Turbine Generator Islands for the power plant will be the first with ultra-supercritical parameters and will help in meeting the ever increasing power demand of southern states in India by adding a much needed 1600 MW to the electricity grid.

Under the scope of the contract ABFPPL will manufacture and supply two units of 800 MW Steam Turbine Generator Islands along with the associated civil work. The equipment for the project will be manufactured at ABFPPL's manufacturing facility at Sanand in Gujarat. The announcement was made after market hours yesterday, 7 June 2016.

GMR Infrastructure (GIL), a leading global infrastructure conglomerate led consortium, has been awarded two more packages on the long Eastern dedicated freight Corridor.

The consortium has been issued a Letter of Award for construction of 221 kilometre (km) long Eastern Dedicated Freight Corridor railway project at a cost of Rs 2280.70 crore on engineering procurement and construction (EPC) basis.

GMR Group is not required to provide significant investment for the project since it is implemented on EPC basis. Earlier in April 2016, GMR led consortium emerged s the successful bidder amongst a total of six bidders for the project through an international competitive bidding process.

The project funded by World Bank is divided into two packages. The first package comprises of 175 km single line connecting Sahnewal and Pilkhani that passes through Uttar Pradesh, Haryana and Punjab. The other package is a 46 km double line corridor in Uttar Pradesh connecting Dadri and Khurja.

The scope of work in the recently bagged project involves design and construction of civil, structures and track works for single/double line on design-build lump sum basis. The announcement was made after market hours yesterday, 7 June 2016.