Stock Picking - Art Or Science

If there is one Legal way to Become Rich early, it is by Investing in Stocks and Real Estate. In this Blog you will not see general news which are available at numerous sites, instead u will get filtered news and opinions which matter. Many a times some small but important news were overlooked because of simultaneous big event, I try to put all those news in my Blog. The Home Page shows posts of only last 10 days. To see all the posts click on the month in the Archive section.

Saturday, November 11, 2006

Patel Engineering - More Orders

Patel Engineering Bags Rs 360 Cr NTPC Project.

Patel Engineering Ltd today said it has bagged Rs 360 crore orders from National Thermal Power Corporation (NTPC) for construction of Loharinag Hydel power project penstock and powerhouse in Uttaranchal. In a communique on the Bombay Stock Exchange, Patel Engineering said the order comprised construction of a 600-Mw Loharinag Pala Hydro Electric Power Project penstock and powerhouse on river Bhagirathi in Uttarkashi district of Uttaranchal.

“Hydro power has always been the prime focus of the company. The company will capitalise on its vast experience and expertise in this sector,” said Patel Engineering director Sonal Patel. The company, which had earlier bagged the Head Race Tunnel package of the same run-of-the-river scheme project, added that the latest order will achieve closure in the next 45 months.

Patel Engineering recently acquired a controlling stake in Michigan Engineers Pvt Ltd (MEPL), an urban infrastructure company, for an undisclosed sum and was awarded the Loharinag Palo Hydro Electric Power Project head race tunnel package worth Rs 318 crore.

Labels: Patel Engineering

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