New Delhi, Feb 26: Power equipment supplier Bharat Heavy Electricals Ltd on Tuesday has bagged a Rs 1,075 crore order for setting up a 350MW power plant in Gujarat.
Gujarat State Energy Generation Ltd has placed the engineering, procurement and construction order for the gas turbine-based combined cycle power plant to be installed at Hazira in Gujarat, BHEL said in a statement.
The project is slated for completion in 27 months, the company said.
Scope of work for the project includes supply and commissioning of a gas turbine generator set, one steam turbine generator set and heat recovery steam generator along with associated auxiliaries.
The gas turbine would be manufactured at BHEL's Hyderabad plant, while the HRSG would be supplied by the company's Trichy plant.
The company had recently won a similar contract from Reliance Industries for setting up a 345 MW gas turbine-based combined cycle power plant at Nagothane in Maharashtra.
Bureau Report
Tuesday, February 26, 2008
Stocks impacted by the Railway Budget
It was Lalu’s last lap (fifth Railway Budget) which saw strong thrust on technology and infrastructure. Stocks from steel, technology, capital goods and infrastructure stocks saw some positive impact.
50 big terminals are being planned in Mumbai, Pune, Gaziabad. Concor will set up 8 depots,which saw the stock move up. The Railway Budget sees annual steel traffic aim of 200 mt in 2011 versus 120 mt now, which saw steel SAIL gaining over 2%. 25-30 tonne axle load trains to be started.
Budget sees strong revenues coming from comoditiy transportation. FY08 coal freight loading seen at 336 mt. The budget has also planned 200 mt tariff from cement in 2011-12. SPV for links to Mundra, Kandla, Krishnapatnam ports. The budget has an ambitious plan to set up 20,000 km high density network. It plans to upgrade infrastructure in 7 years at Rs 75,000 crore.
The budget sees excess freight loading target of 310 mt in next 4 years. To up auto ticket sale machines to 6,000 in 2 years. The Budget plans to produce only stainless steel coaches after FY10. It also plans for new coaches in all Shatabdi trains by 2011. It plans to start making steel coaches from FY09. It also plans new coaches in all rajdhani trains by 2010.
Clear thrust was seen on technology; TCS, Wipro, Satyam were up on account of IT upgradation order. The budget will have online control of trains in 2 years. It plans to link trains via software communication by 2009. It plans to start ticket confirmation via mobile phones. The Budet is planning 'smart card' based ticket system. SMART CARDS will benefit Bartronics.
The other measures to be positively impact stocks are automated signalling to benefit Kernex Micro. ETA display in long-run trains to benefit Mic Electronics. CCTV, metal detectors installation is expected to benefit Zicom . Anti-fire protection to benefit Nitin Fire Protection.
50 big terminals are being planned in Mumbai, Pune, Gaziabad. Concor will set up 8 depots,which saw the stock move up. The Railway Budget sees annual steel traffic aim of 200 mt in 2011 versus 120 mt now, which saw steel SAIL gaining over 2%. 25-30 tonne axle load trains to be started.
Budget sees strong revenues coming from comoditiy transportation. FY08 coal freight loading seen at 336 mt. The budget has also planned 200 mt tariff from cement in 2011-12. SPV for links to Mundra, Kandla, Krishnapatnam ports. The budget has an ambitious plan to set up 20,000 km high density network. It plans to upgrade infrastructure in 7 years at Rs 75,000 crore.
The budget sees excess freight loading target of 310 mt in next 4 years. To up auto ticket sale machines to 6,000 in 2 years. The Budget plans to produce only stainless steel coaches after FY10. It also plans for new coaches in all Shatabdi trains by 2011. It plans to start making steel coaches from FY09. It also plans new coaches in all rajdhani trains by 2010.
Clear thrust was seen on technology; TCS, Wipro, Satyam were up on account of IT upgradation order. The budget will have online control of trains in 2 years. It plans to link trains via software communication by 2009. It plans to start ticket confirmation via mobile phones. The Budet is planning 'smart card' based ticket system. SMART CARDS will benefit Bartronics.
The other measures to be positively impact stocks are automated signalling to benefit Kernex Micro. ETA display in long-run trains to benefit Mic Electronics. CCTV, metal detectors installation is expected to benefit Zicom . Anti-fire protection to benefit Nitin Fire Protection.
inflation
The troika of-government spending, Chindia, and a bullish supply/demand dynamic-give you the impression that inflation may well and truly take off in 2008.
In January Australian investors sold stocks and wiped over $170 billion from the share market. America sneezed and the ASX got blown over. What's worse, inflation in America is rising at the fastest rate in 17 years. It is far from over, something wicked this way comes...
Yet if you look past the shocking figures and negative sentiment, there's good reason to believe that 2008 may be kind to Australia's epic resource boom. There is one simple reason why, which I'll explain in a moment. But here's the important thing...
If I am right and we are quickly entering a new and volatile phase in the global economy...you can still make money from resource shares.
The bad news is that the easy money has already been made. But the good news is that the biggest money may still be out there. Let me explain...
From Gloom to Boom
Beyond the bear market in credit and the collapse of the housing bubble...one theme will dominate in 2008: the rise of epic inflation.
If my forecast is correct, food and fuel prices will continue to rise. Inflation will bleed into other commodities...especially agricultural commodities and precious metals.
In January Australian investors sold stocks and wiped over $170 billion from the share market. America sneezed and the ASX got blown over. What's worse, inflation in America is rising at the fastest rate in 17 years. It is far from over, something wicked this way comes...
Yet if you look past the shocking figures and negative sentiment, there's good reason to believe that 2008 may be kind to Australia's epic resource boom. There is one simple reason why, which I'll explain in a moment. But here's the important thing...
If I am right and we are quickly entering a new and volatile phase in the global economy...you can still make money from resource shares.
The bad news is that the easy money has already been made. But the good news is that the biggest money may still be out there. Let me explain...
From Gloom to Boom
Beyond the bear market in credit and the collapse of the housing bubble...one theme will dominate in 2008: the rise of epic inflation.
If my forecast is correct, food and fuel prices will continue to rise. Inflation will bleed into other commodities...especially agricultural commodities and precious metals.
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