BHEL, Ashoka Buildcon and Dee Development Engineers to see some action today

05 Aug 2024 Evaluate

Bharat Heavy Electricals (BHEL) has received the first ever order for the demonstration of methanol firing in a Gas Turbine at the 350 MW Kayamkulam Combined Cycle Power Plant (CCPP) of NTPC installed at Alappuzha district in Kerala. This will be the first such demonstration project of its kind in India. Significantly, this demonstration will pave the way for reviving unutilised gas turbine sets in the country which are inoperative due to unavailability of natural gas and naphtha.

Ashoka Buildcon has emerged as the Lowest Bidder (L-1) for the Two Projects from Mumbai Metropolitan Region Development Authority. The company has emerged as L1 for design and construction of creek bridge from Kolshet to Kalher. The quoted bid price of the said project is Rs 289.60 crore plus applicable GST.

Dee Development Engineers has bagged a purchase order from Mitsubishi Heavy Industries, Japan. The order is for supply of pre-fabricated carbon & stainless-steel piping Items. Broad consideration or size of the order is $12,79,995. The said order is expected to be executed within 10 months.

Integra Essentia has secured a significant order valued at Rs 28 crore for its Agro and Infrastructure businesses. The order is to be executed by October 2024. This order underscores the consistent trust and quality that its customers have in its products and services. The repeat business from its valued clients is a testament to the reliability and excellence that Integra Essentia delivers.

Tube Investments of India has entered into a Joint Venture agreement with M/s. Classic Legends (CLPL) to incorporate a joint venture company for licensing ‘BSA’ trademarks, to enable CLPL for the manufacture and/or sale of motorcycles, parts and accessories in India.

Amara Raja Energy & Mobility has reported results for first quarter ended June 30, 2024 (Q1FY25). The company has reported 23.11% rise in net profit at Rs 244.55 crore for Q1FY25 as compared to Rs 198.65 crore for the same quarter in the previous year. Total income of the company increased by 13.04% at Rs 3,156.74 crore for Q1FY25 as compared to Rs 2,792.47 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 25.62% rise in its net profit at Rs 249.12 crore for the quarter ended June 30, 2024 as compared to Rs 198.31 crore for the same quarter in the previous year. Total income of the company increased by 16.77% at Rs 3,292.64 crore for Q1FY25 as compared to Rs 2,819.83 crore for the corresponding quarter previous year.

Power Grid Corporation of India has been declared as the successful bidder under Tariff based competitive bidding to establish Inter-State transmission system for ‘Transmission System Strengthening for interconnections of Bhadla-III & Bikaner-III Complex’ on build, own operate and transfer (BOOT) basis.

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