Stocks in News

by khalid on 19/05/2010 · 0 comments

Bull Eye

Bull's Eye

Alstom Projects India Ltd :- The company has bagged an order worth Rs 124 crore to set up a hydro power plant in Sikkim. The company would develop the plant along with Dans Energy. The scope of work includes supply, installation, testing and commissioning of electro-mechanical equipment for the plant’s two 48 MW units.
Impact on Bull : Positive

McNally Bharat Engineering Company :- The company has received orders worth Rs 27.2 crores for construction related works in Tripura. The first order worth Rs 9.9 crores is for various civil construction works and would be completed in 17 months
while the second order valued at Rs 17.3 crore is for developing water system package and would be completed in 18 months. Both these orders have been secured for design, supply and erection of ONGC Tripura Power Transmission Company.
Impact on Bull : Positive

ABB :- The company will offer its shareholders of ABB Ltd, its listed subsidiary in India, Rs 900 per share to increase its stake in the company to 75% from the present 52.1% with an aim to facilitate the longterm development of ABB’s business in the country. The parent company hopes to buy back 48.5 million shares of ABB Ltd, which, when fully accepted, will see ABB paying out close to Rs 4,400 crore to increase its shareholding to 75%.
Impact on Bull : Positive

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