Breaking News

You are here » Indian-Commodity  :  Top News  :  Thermax, MOIL and Phoenix Mills to see some action today


Thermax, MOIL and Phoenix Mills to see some action today

Thermax Group has bagged a repeat order of Rs 279 crore from a leading public sector fertilizer company to set up their captive cogeneration plant at Trombay. The project is for a GTG (Gas Turbine Generator) - cum - HRSG (Heat Recovery Steam Generator) based cogen plant of SOMW capacity on an EPC basis. The scope of supply includes design, engineering, manufacturing, construction and commissioning of the cogeneration plant. The project is to be completed in 24 months.

MOIL has signed a Memorandum of Understanding (MoU) for FY 2018-19 with the Ministry of Steel. This is the 23rd consecutive year that MOIL has signed MoU with the Government of India. The MoU envisages an ambitious production target of 13.25 lakh tonnes (LT) of manganese ore and sets capex target of around Rs 200 crore, besides turnover and related financials, project implementation, R&D, customer satisfaction, human resource management, etc.

The Phoenix Mills has acquired entire share capital of Destiny Hospitality Services (DHSPL) comprising of 10,000 equity shares of Rs 10 each at par for a total consideration of Rs 1,00,000 on April 25, 2018. Subsequent to the above acquisition, DHSPL has become a wholly owned subsidiary of the company with effect from April 25, 2018. DHSPL will be engaged in the business of real estate development activities.

Loyal Equipments has received a Letter of Intent (LOI) from Dresser-Rand India of worth Rs 91.50 lakh for supply of Pressure Vessels & Heat Exchangers. Loyal Equipments is engaged in manufacturing and supplying of Coded Pressure Vessels & Heat Exchangers (Ferrous & Non Ferrous), Air Cooled Heat Exchangers, Skids for Dynamic and Static Machineries, Base-Plates, Sterilizers, Chimneys and Columns, Tanks & Receiver etc.

Tata Consultancy Services (TCS) has welcomed more than 200 new employees to its ranks in Plano, Texas, as part of its groundbreaking agreement with Transamerica to transform the administration of its U.S. insurance and annuity business lines. The company will occupy several floors of the Transamerica building at 2700 W Plano Parkway, as part of a multiyear agreement to rapidly enhance its digital capabilities, simplify the service of more than 10 million policies into an integrated modern platform, and drive growth opportunities through superior customer service.

Cyient Europe, UK, a step down subsidiary of Cyient, has signed a definitive agreement to acquire 100% equity in AnSem NV, Belgium, in an all cash transaction. This transaction will further allow Cyient to offer turnkey ICs, starting from concept circuit to final production. Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders.

Related News

View all news

Crude oil futures end higher on Monday

Extending their gains for third straight session, Crude oil futures ended higher on Monday, a day ahead of the expiration of the September contracts, as US sanctions on Iran contributed to concerns over......

Gold futures end higher on Monday

Gold futures ended higher on Monday as trade talks lifted the Chinese yuan, making the bullion cheaper for buyers in the world's biggest gold consumer.Gold futures for December delivery settled up 0.7......

Copper futures end higher on Monday

Copper futures ended higher on Monday as US-China trade tensions eased and a jump in orders for the metal pointed to stronger demand. A weaker dollar too boosted demand for commodities. Meanwhile, industrial......

Top News

View all news

CG Power's JV inaugurates HV, EHV factory in Indonesia

CG Power and Industrial Solutions' (CG) joint venture (JV) PT CPSI has inaugurated Indonesia's first High Voltage (HV) and Extra High Voltage (EHV) factory at the Modern Cikande Industrial Estate, Banten......

MCX inks MoU with Indian Cotton Federation: Report

Multi Commodity Exchange of India (MCX) has reportedly signed memorandum of understanding (MoU) with Coimbatore-based Indian Cotton Federation (ICF). The agreement is to facilitate potential collaboration......

RIL's telecom arm tops Fortune's 'Change the World' list

Reliance Industries' (RIL) telecom arm -- Reliance Jio -- has ranked as the top company globally on Fortune's 'Change the World' list that ranked companies using the profit motive to tackle social problems......