Engineering firm Larsen and Toubro Ltd has bagged orders worth Rs 344 crore from Power Grid Corporation of India for construction related works.
L&T secured the order for construction of 755 km of transmission lines associated with Western Region System Strengthening Scheme-II expected to be completed in 30 months, the company said in a filing to the Bombay Stock Exchange.
The project would be executed by L&T's engineering construction and contracts division and would involve survey fabrication and supply of towers and erection of 400 kv direct current transmission lines from Bhadrawati - Umarkhand – Parli & Raipur - Sakoli - Wardha in Maharashtra.
Shares of the company were trading at Rs 3,239, up 3.12 per cent on the BSE in morning trade.
Courtesy : FINANCIALEXPRESS.COM
L&T bags Rs 344-cr order from PGCIL
May 5, 2008, 3:30 pmIndia close to clinching ASEAN free trade deal
May 5, 2008, 3:28 pm
India is close to clinching a free trade deal with Southeast Asian nations, spurred on by a bleak global economic outlook and rising food prices, Trade Minister Kamal Neth said on Saturday.
"We are on the last mile and in the final stage of conclusion," Kamal Nath said after meeting his counterparts from the 10-member Association of Southeast Asian Nations (ASEAN) on the the resort island of Bali.
"We hope it could be concluded in the next three months -- there is no major obstacle," he said, adding that a dispute with Indonesia over palm oil would be resolved.
Indonesia, the world's top palm oil producer, has been insisting on having wider access to India's palm oil market as a condition of removing its opposition to a free trade agreement with India, according to media reports.
"We are going to resolve that, because with the world food situation and the global economic outlook in the United States and Europe which is bleak, it's therefore even more important for regional integration," Nath said.
The issue of rocketing rice prices and food security has overshadowed the meeting of ASEAN economic ministers, which aims to deepen regional economic integration and spur long-delayed world trade talks.
Nath said India's bumper rice harvest this year would boost supply and he sought to defend the country's move to curb rice exports, which has been blamed for contributing to soaring global rice prices.
"We have a very large domestic population -- we have banned exports of the certain type of rice but we have allowed exports of other types," he said.
"The region's rice-growing countries must look at increasing productivity and having better storage and less wastage."
Turning to the domestic Economy, he conceded it would be a tough battle to tame inflation as food and energy costs soar.
"We hope that we will be able to contain inflation, but inflation is a major challenge," he said, adding that the authorities have to curb money supply while treading carefully not to put a brake on economic growth.
India's central bank said this week it was raising the cash reserve requirement by 25 basis points to tighten monetary conditions to help curb inflation, the second such move in less than a month.
Courtesy : FINANCIALEXPRESS.COM
"We are on the last mile and in the final stage of conclusion," Kamal Nath said after meeting his counterparts from the 10-member Association of Southeast Asian Nations (ASEAN) on the the resort island of Bali.
"We hope it could be concluded in the next three months -- there is no major obstacle," he said, adding that a dispute with Indonesia over palm oil would be resolved.
Indonesia, the world's top palm oil producer, has been insisting on having wider access to India's palm oil market as a condition of removing its opposition to a free trade agreement with India, according to media reports.
"We are going to resolve that, because with the world food situation and the global economic outlook in the United States and Europe which is bleak, it's therefore even more important for regional integration," Nath said.
The issue of rocketing rice prices and food security has overshadowed the meeting of ASEAN economic ministers, which aims to deepen regional economic integration and spur long-delayed world trade talks.
Nath said India's bumper rice harvest this year would boost supply and he sought to defend the country's move to curb rice exports, which has been blamed for contributing to soaring global rice prices.
"We have a very large domestic population -- we have banned exports of the certain type of rice but we have allowed exports of other types," he said.
"The region's rice-growing countries must look at increasing productivity and having better storage and less wastage."
Turning to the domestic Economy, he conceded it would be a tough battle to tame inflation as food and energy costs soar.
"We hope that we will be able to contain inflation, but inflation is a major challenge," he said, adding that the authorities have to curb money supply while treading carefully not to put a brake on economic growth.
India's central bank said this week it was raising the cash reserve requirement by 25 basis points to tighten monetary conditions to help curb inflation, the second such move in less than a month.
Courtesy : FINANCIALEXPRESS.COM
Birds of India - A Photogallery
May 5, 2008, 10:38 am
Gujarat is known as a bird lovers paradise. It is a haven for migratory birds.
I have started a blog showcasing some of the amazing birds that I have been able to photograph.
You can find images of birds in flight, birds feeding, preening of just doing their thing at
http://umangdutt.blogspot.com or you could also check out my photogallery at
www.flickr.com/photos/snapflickr.
Both these sites have some amazing pictures along with details of the birds including scientifc names and other details.
Check them out and please feel free to leave your comments / suggestions.
Happy birding !
I have started a blog showcasing some of the amazing birds that I have been able to photograph.
You can find images of birds in flight, birds feeding, preening of just doing their thing at
http://umangdutt.blogspot.com or you could also check out my photogallery at
www.flickr.com/photos/snapflickr.
Both these sites have some amazing pictures along with details of the birds including scientifc names and other details.
Check them out and please feel free to leave your comments / suggestions.
Happy birding !
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