Offshore and oilfield services firm Aban Offshore Ltd has received a contract for deployment of the new built jack-up rig “Deep Driller 8” offshore India for a two firm well and two optional well program.

The firm period of the Contract, expected to commence following the delivery of the rig from the yard in the first quarter of 2009, is likely to last for 150 days with an estimated revenue of USD 30 million during the firm period.

Aban Offshore has posted a net profit of Rs 71.50 crore for the first quarter ended June 30, 2008, a more than two-fold increase as compared to the same period a year ago.      

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OK Play India Limited announced that the company has received an order of Rs 32.70 crore from the government of Haryana.

OK Play India is a leading plastic molding company.

Under the proposed contract, the scope of work includes the supplying of water storage tanks for a value of Rs 32.70 Crores.

The order is applicable till March 31, 2009.

To further strengthen its business footprints, New Delhi-based company (OK Play India Limited) is eyeing to pump Rs 70 crore for constructing two facilities in Haryana and Tamil Nadu.

Era Infra Engineering Ltd, a unified infrastructure development conglomerate, has pocketed a contract worth Rs 351.7 million (approx.) from Central Public Works Department (CPWD).

Under the proposed contract, the company will execute construction of additional general pool office accommodation at Kavadiguda, Secunderabad.

Recently, Era Infra Engineering Ltd has been awarded with two contracts, one from Bharat Heavy Electrical Limited (BHEL), and second from Central Public Works Department (CPWD). These two contracts entail total investment of Rs 138 crore.

ITC has decided to invest Rs 20.60 billion to build hotels in Chennai and Kolkata.

ITC is India’s most valuable and multi-business conglomerate.

To diversify its business activities, the company is also proposing to set up hotels in Bangalore, Ahmedabad, Hyderabad and outside Delhi.

The reports said that the company (ITC) will pump Rs 40 billion in hotel business in the coming two years.

Recently, the company has posted a decline in its standalone net profit for the first quarter ended June 2008..