Valecha Engineering announced that the company has pocketed two orders worth Rs 160 crore for construction-related work in Delhi and Mumbai.

The source close to the company said that first contract of Rs 110 crore has been bagged for a bridge project in Delhi.

Further, the company secured another project worth Rs 50 crore to execute the sky-walk projects in Mumbai.

According to reports, the sky-walk is an elevated walk-way connecting the railway station and points where there are high concentrations of pedestrians.

Ahmedabad-based Sadbhav Engineering has informed that the company has secured a contract worth Rs 268.34 from Gujarat Industries Power Co. Ltd. (GIPCO).

Elecon Engineering Company, a leading manufacturer of mechanical handling equipment has made announcement that the company has been awarded Rs 177.50 million order by Chennai based Techpro Systems.

 As per the contract, the company (Elecon Engineering) will design, engineer, manufacture, test, supply, fraction and commission of material handling equipments and other equipments for Techpro Systems.

On the other hand, Techpro Systems will provide one each of unidirectional stacker cum reclaimer and slewing boom stacker.

Larsen & Toubro recorded 32 percent more net profit in the second quarter ending on September 30 as compared to the profit of previous year. Its profit stood at Rs 348 crore in the same period of last year. 

The overall sale is also increased by 40 per cent at Rs 7,786 crore. The company secured more orders worth Rs 12,453 crore. The machinery & industrial products segment registered a16 percent growth with revenues of Rs 685 crore.

The company said in a statement that it is fully aware of the global financial situation. It is studying the affect of global scenario on the growth plan of company. 

Engineering goods manufacturer Siemens Ltd has established a new, wholly-owned subsidiary company ‘Siemens Rolling Stock Pvt Ltd (SRSPL)’ to tap the potential in the Indian rail transportation sector. 

The recently formed firm is a 100 per cent subsidiary of Siemens Ltd, which would handle the Rolling Stock business in India. 

The latest moves comes in the wake of company’s buying land at Aurangabad to set up a facility to manufacture rolling stock, comprising coaches for trains and metros. 

According to the company, the rail transportation sector in India presents a huge business potential with many project plans being announced by the government.