LIVE MARKET TRACKER :   BSE SENSEX   26567.99      |    NSE NIFTY 7945.55    
GLOBAL MARKETS :  NASDAQ 4442.986   -1.12%    |    FSI London 6557.52   -0.98%    |    NIKKEI Japan 16082.25   -0.56%
  USD GBP EUR CAD AUD INR
USD - 0.6167 0.7925 1.117 1.1447 61.74
GBP 1.6217 - 1.2852 1.8115 1.8563 100.1225
EUR 1.2619 0.7782 - 1.4096 1.4445 77.9091
CAD 0.8953 0.5521 0.7095 - 1.0248 55.2745
AUD 0.8739 0.539 0.6925 0.9762 - 53.9546
INR 0.0162 0.01 0.0128 0.0181 0.0185 -
Indian-Commodity  :  Corporate  :  Pipavav Defence bags contract worth Rs 400 crore from ONGC

Pipavav Defence bags contract worth Rs 400 crore from ONGC (31-Dec-2012)

Pipavav Defence and Offshore Engineering Company has received its first and very prestigious contract which is approximately worth Rs 400 crore to repair, maintain and dry docking of oil rig of ONGC. The oil rig namely 'Sagar Laxmi' is one of the critical oil rigs of ONGC for its offshore operations. The company has been selected among the top global competitors and is expected to bag few more similar contracts in the near future.

Besides, the company has also secured highly prestigious contracts for dry docking and maintenance of critical oil rigs of global oil & gas conglomerates like 'Transocean' and 'Noble'. The company has one of the largest state of art global infrastructure meant for warships building and construction/maintenance of large offshore assets.

Pipavav Defence and Offshore Engineering Company is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit spread over around 95 hectares of land and another export oriented unit (EOU) spread over around 103.92 hectares of land.


Top News Today
Fiscal deficit touches 74.9 percent of the Budget Estimates for 2014-15
(01-Oct-2014)

Fiscal deficit touches 74.9 percent of the Budget Estimates for 2014-15Sounding an alarm bell for the government, the data released by the Controller General of Accounts has revealed that the Fiscal deficit touched 74.9 percent of the Budget Estimates for 2014-15 to cross......click on news to read complete article.

Tata Power, NTPC and Hindalco Industries to see some action today
(30-Sep-2014)

Tata Power, NTPC and Hindalco Industries to see some action todayThe government has cancelled approvals of nine special economic zones, including that of Hindalco Industries, Essar and Adani as no satisfactory progress was made to execute the projects. The decision......click on news to read complete article.

CCEA defers its decision on revising gas prices to November 15
(25-Sep-2014)

CCEA defers its decision on revising gas prices to November 15In a major setback to the oil and gas sector, the Cabinet Committee on Economic Affairs (CCEA) has deferred its decision on revising gas prices, expected October-end, to November 15. The CCEA headed by......click on news to read complete article.

International Stock News
US markets closed lower amid mixed economic reports
(01-Oct-2014)

US markets closed lower amid mixed economic reportsThe US markets closed lower on Tuesday, as investors found little solace in mixed bag of economic reports on housing, manufacturing and consumer confidence. The annual home price growth slowed in July......click on news to read complete article.

US markets close lower; stocks recover from session lows
(30-Sep-2014)

US markets close lower; stocks recover from session lowsThe US markets closed lower on Monday, recovering from early morning selling bout, as investor confidence was hit by violent unrest in Hong Kong and a rebound in consumer spending fueled speculation that......click on news to read complete article.

US markets closed higher on bargain hunting
(27-Sep-2014)

US markets closed higher on bargain huntingThe US markets closed higher on Friday on bargain hunting following Thursday's sell-off, which pulled all the three major averages down to their lowest closing levels in over a month. Sentiments remained......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.