In a bid to check inflation, which is hovering around 9 per cent, Reserve Bank of India on Tuesday raised its short term lending (repo) rate by 50 basis points to 7.25 per cent, while lowering the economic growth projection to 8 per cent for the current fiscal. The RBI has also increased the...
Monthly Archives: May 2011
HCC wins Rs. 298.63 crore Limbdi branch canal project
Hindustan Construction Company (HCC) has won a Rs 298.63 crore contract from Sardar Sarovar Narmada Nigam to construct the Limbdi branch canal in Gujarat, the engineering and construction company said in a notice to the stock exchanges. HCC said the project will be completed in 18 months and it will also maintain and operate...
Samsung wins USD 230 million Dahej order of OPal
South Korea’s largest industrial plant builder Samsung Engineering Co. has said that it has won a USD 230 million order to build a high-density polyethylene (HDPE) plant in Gujarat. Under the deal with ONGC Petro-additions Ltd. (OPaL), a unit of India’s state-run Oil & Natural Gas Corporation Ltd. (ONGC), Samsung Engineering will build the...