Hyderabad-based Maytas Infra Ltd has secured two orders worth Rs 480.67 crore for electrification of Beed and Nanded districts of Lathur Zone, and Ahmednagar district of Nashik Zone from MSEDCL under ‘Infrastructure Development Plan’.

The company has bagged first order worth Rs 214.77 crore, from MSEDCL under Mahavitaran, Infra Plan in Beed & Nanded Districts of Lathur Zone.

While, the second order, valued at Rs 265.9 crore has been picked from MSEDCL under Mahavitaran, Infra Plan in Ahmed Nagar District of Nasik Zone.

Punj Lloyd Upstream Ltd, a subsidiary of Indian engineering, procurement and construction major Punj Lloyd Ltd, has informed that it has received a Letter of Intent (LoI) from Waha Oil Company, Libya.

Under the arrangement, the company will execute a contract, which is valued at approx US$ 42 million, for drilling exploratory wells in the Gialo oilfield of the prolific Sirte Basin.

Waha Oil Co. is a joint venture between State-owned National Oil Company, Conoco Philips, Amerada Hess Corp. and Marathon Corp, which is the second largest crude oil producer in Libya.

Noida-based Roto Pumps Ltd has secured an order worth Rs 3.6 crore from Larsen & Toubro Ltd, for Rajasthan Northern Area Development Project of Cairn Energy India Pvt. Ltd.

The company claims that the latest order is the single largest value order in the history of the Roto Pumps, which it has picked amidst stiff International competition.

According to the company, Larsen & Toubro Ltd is the contractor for this project and the project is certified for deemed export benefits.

Gujarat Venture Finance Ltd. (GVFL) has acquired 26.8% stake in Pegasus Semiconductors Pvt. Ltd. for Rs 3.5 crore.

Ahmedabad-based Pegasus offers energy efficient and low cost lighting solutions using LEDs and solar technologies. Among various products of the company, the majority of business comes from 220V LED Street Light System, LED based Solar Home Lighting System and Street Lighting System.

Mumbai-headquartered Dolphin Offshore Enterprises India Ltd has received two orders worth $ 16 million for charter hire of DP / DSV Vessels.

The company has secured first contract worth US$ 10 million from Leighton India Pvt. Ltd, which is expected to be completed in 3 months.

While, the second contract, valued at US$ 6 million has been picked from Punj Lloyd Ltd, schedule to be completed in 2 months.

Soft-drinks giant Pepsi would invest $500-million (Rs 2,200 crore) in coming three years. It is disclosed by the CEO and global chairman of PepsiCo. Ms. Indra Nooyi. She was here in Gurgaon (Haryana) to attend the first ever executive committee meeting of company in India. The company has already invested over $1 billion in India.