Buy Nilkamal Ltd at 184.80, target: 192. Stoploss: 180
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Trade in small quantity considering markets weakness. If nifty breaks support at 5000, short: HDIL

The total value of the contract is Rs  588.5 million. This excludes the cost of raw material to execute the project. The project has various components namely, intake well in river Kanhan, intake water pump house over the intake well, circulating water pump house,circulating water ducts from pump house to cooling tower, RCC CW channel, raw water pump house, laying of make water pipeline and effluent disposal pipeline etc.

The project is to be executed in 21 monthsThe company is engaged in the business of integrated Infrastructure solutions and manufacture of SAW pipes. As the company moves ahead and  have laid increased emphasis on devising its business strategy on aggressive top line growth, a de-risked business model and increased operational efficiencies.

Shares of the company gained Rs 40.5, or 18.27%, to trade at Rs 262.15. The total volume of shares traded was 652,789 at the BSE (Wednesday).

कंपनी ने अपने एक अलग बयान में कहा है कि गुजरात के राजकोट में गुजरात मिनरल डेवलपमेंट कॉर्पोरेशन (जीएमडीसी) की 19.5 मेगावॉट वाली विंड फार्म परियोजना अपने तय वक्त से 2 महीने पहले ही पूरी कर ली गयी है। साथ ही इसे आरंभ भी कर दिया गया है।

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EID parry buys 76% in Karnataka plant for Rs 50 cr

EID Parry (India), part of the $3.14-billion Murugappa Group, has acquired 76% equity stake in closely-held Bangalore-based Sadashiva Sugar (SSL)

for a consideration of Rs 50 crore. This marked the Chennai company’s foray into Karnataka. SSL has just set up a 2,500 TCD sugar plant in Bagalkot district of Karnataka along with a 15.5 MW co-gen plant. Total investment in the greenfield project is estimated at Rs 190 crore and the company has tied up the necessary funds. A EID Parry official said the sugar mill was almost ready for commissioning and can start crushing operations this season.

The new acquisition would take the total capacity at the command of EID Parry to 21,500 TCD, from the current 19,000 TCD. The company, which has five sugar mills in Tamil Nadu and Pondicherry, has a co-gen capacity of 84.5 MW (excluding SSL’s co-gen plant). EID Parry also operates two distilleries with a capacity of 135 klpd. Its strategy has been to expand capacities , both organically and inorganically . Its consolidated turnover for FY09 stood at Rs 10,293 crore and the standalone turnover for the same period was Rs 812.27 crore.

wind turbine major Suzlon Energy has won a repeat order of about Rs 350 crore for 57 Mw from Ayen Enerji of Turkey.
Suzlon Energy said the company will supply 27 units of Suzlon S88 – 2.1 Mw turbines, to be installed at the Seferihisar and Mordogan projects in eastern Turkey.

“Turkey is one of the key emerging wind markets in Europe and our relationship with Ayen Enerji puts us on a strong footing to take advantage of the considerable potential of this market,” said Sumant Sinha, COO, Suzlon Energy.

Ayen Enerji is one of Turkey’s major utilities, producing, distributing and selling electricity. With its subsidiaries, it has three hydroelectric units and one natural gas power plant, with total capacity of nearly 1.2 billion kWh. India Inc’s order book has more than doubled to an all-time high of Rs 73,320 crore in the second quarter of 2009-10, compared with the first quarter.