Kilburn Engineering Ltd., a leading manufacturer of all type of Dryers and Drying Equipment in India, has entered into a MOU with Chemetall-Rai India Ltd. for buying about 8 acres of land at Goregaon (East), Mumbai for Rs 8.67 crore.

The above quoted price is exclusive of stamp duty, registration fees, site development expenses, MIDC charges etc.

The company intends to use the land for setting up a state-of-the-art manufacturing facility at the location which is expected to be operational from mid 2010.

Stock analysts have maintained 'Buy' rating on Punj Lloyd Ltd stock to achieve an intra-day target that lies between Rs 118-126.

According to them, interested day traders can buy the stock above Rs 118 with a stop loss below Rs 112.

Shares of the company, on Friday (April 24), closed at Rs 116.10 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 384.50 and a low of Rs 66.65 on BSE. Current EPS and P/E of the stock stood at 112.89 & 9.20 respectively.

So buy it, it will prove that it's definitely a strategic stock.

Revenue declined by 0.95 % YoY to Rs. 209.3 crs for 4Q 09, whereas it increased 10.12% to Rs. 774.4 crs in FY 2009.

Operating profit declined by 8.94% y?o?y to Rs. 59.7 crs for 4Q 09, while it increased 26.2% to Rs. 182.0 crs for the year driven by decline in raw material costs. Raw material costs as a percentage of revenue declined from 52.3% in FY 2008 to 49.5% in FY 2009

Depreciation increased by 45.3% in 4Q 09. Whereas in FY 2009 it increased by 47.7% to Rs. 8.2 crs.

Hindustan Dorr Oliver Ltd, a leading total engineering solution provider company, has bagged two prestigious Orders in Mineral Sector worth Rs 66 crore from Vedanta Group.

The company secured first order worth Rs 48.5 crore from Vedanta Group for their 12.5 LTPA Aluminium Smelter Expansion Project at Jharsuguda.

Larsen & Toubro, the country’s largest manufacturer of equipment for the nuclear power sector, has announced that it has received an order from Bhutan.

The project to be executed by L&T’s construction division is for the construction of the Dam Package, which is a part of the 1,200 MW Punatsangchhu-I Hydroelectric Project Authority in Bhutan.

The project is being set up by the Punatsangchhu-I Hydroelectric Project Authority that has been constituted through a contract between the Indian Government and the Royal Government of Bhutan. 

Larsen & Toubro, India’s largest maker of equipment for the nuclear power sector, has announced that it has received an order from the Nuclear Power Corporation of India Ltd (NPCIL).

The scope of the order, which is valued at Rs 345 crore, includes design, manufacture and supply of four steam generators for 700 megawatt electric (MWe) pressurised heavy water reactors.

In an announcement, the company said that the steam generators would be supplied to the Kakrapar Atomic Power project 3 and 4.