Era Infra Engineering Ltd, a unified infrastructure development conglomerate, has informed that the company has pocketed four orders worth Rs 294.13 crore.

The company has secured first contract worth Rs 88.78 crore from National Institute of Technology, Calicut for construction of "Mega Hostel" at NIT, Calicut. The scope of work includes civil works, plumbing & sanitary works, electrical installation work, fire hydrant and alarm works, road and drain works.

Stock market analysts have maintained ‘buy’ rating on Larsen & Toubro (L&T) stock with an intraday target of Rs 838.

According to analysts, interested traders can purchase the stock above Rs 820 with a strict stop loss of Rs 800. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 850.

Elecon Engineering Company Ltd, India's largest Material Handling Equipments, Industrial Gears and Transmission Products manufacturer has been awarded prestigious orders worth Rs 22 crore from Adani Power Ltd of Adani Group.

The scope of the order includes design, supply, erection, testing and commissioning of material handling systems at Mundra.

It may be noted that, In Decemeber 2008, Elecon Engineering bagged a similar order Rs 120 crore from Mundra port and Special Economic Zone of Adani Group.

Renowned Indian construction firm, Jaiprakash Associates would merge Jaypee Hotels (JHL), Jaypee Cement (JCL), Gujarat Anjan Cement (GACL) and Jaiprakash Enterprises (JEL) with the flagship public-listed company Jaiprakash Associates (JAL). The meager is aimed to insulate the business from the impact of the global slowdown as there is a huge demand-supply mismatch in different geographical regions. All companies under a single roof would allow better control over subsidiaries, allowing better economic management and business effectiveness.
 

Engineering and construction major Punj Lloyd Ltd has secured an order worth Rs 303.95 crore for construction related work from Municipal Corporation of Delhi.
The scope of work includes development of parking facility near Jawaharlal Nehru Stadium for the forthcoming Commonwealth Games-2010.
Earlier this month, Punj Lloyd, one of the most dynamic and successful companies in Infrastructure sector in India, has signed a memorandum of understanding with the US-based nuclear energy company Thorium Power Ltd to jointly explore the possibilities of nuclear fuel generation in India.

Gurgaon-based infrastructure development company C&C Constructions Ltd has received an order worth Rs 781 crore for a dedicated freight corridor from New Karwadiya to New Ganj Khwaja in Bihar.

This work is of 105 kilometers on the Mughal-Sone section of the Eastern Corridor, which has to be finished by the next 36 months.

The project will be carried out in company with its joint venture partner M/s BSCPL Infrastructure Ltd.

M/s BSCPL Infrastructure Ltd is equal partner in this contract.