Page 18 - Heavy Engineering News Today

Here are the top stocks to track in todays session: Earnings Today: A total of 68 companies are slated to post their March quarter results today, including Alkem Labs, AstraZeneca Pharma India, Stove Kraft, Emami, Thermax and VIP Industries. Grasim Industries: The company reported a 13.3 per cent YoY rise in its consolidated net profit to Rs 2,616.64 crore for the fourth quarter ended March 31. Its revenue from operations during January-March 2021 jumped 26.1 per cent YoY to Rs 24,398.92 crore...

On a consolidated basis, Grasim Industries net profit jumped 14% to Rs 1,715 crore on 26% increase in revenue from operations to Rs 24,398.92 crore in Q4 March 2021 over Q4 March 2020. Bank of India said that the bank has decided to exercise call option on Bank of India Tier II Bonds Series XIII and declare 6 June as Record Date for this purpose. The bonds were issued on 7 July 2016 and carry a coupon rate of 8.57% pa, payable annually with call option on 7 July 2021. GMM Pfaudler (GMMP) has an...

GMM Pfaudler has announced that it has commenced manufacturing operations at its facility at Vatva near Ahmedabad on 24 May 2021. GMMP had acquired the assets (factory land, building, plant and machinery, office equipment, computers, furniture and fixtures, vehicles and capital work in progress) owned by HDO Technologies (in Liquidation) through an e-auction in March 2021. The new facility, which signals GMMPs long-term commitment towards meeting the demands of its customers, will immediately...

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9 May 2021 18:35 GMT Updated  10 May 2021 8:52 GMT in  Singapore Malaysian contractor MISC will be “very selective” in the offshore work it pursues as the company focuses on the execution of the Mero-3 floating production, storage and offloading vessel for Petrobras’ Libra block in the pre-salt Santos basin offshore Brazil. “Nevertheless, the [offshore business] segment will continue to monitor the market for the next major project as and when the right opportunity arises,...

MISC group financial results for the first quarter of FY2021 MISC is pleased to announce its financial results for the first quarter ended 31 March 2021. Financial Highlights: • Group revenue for the quarter ended 31 March 2021 was higher than the corresponding quarter ended 31 March 2020. • Group recorded profit before tax for the quarter ended 31 March 2021 compared to the loss in the corresponding quarter ended 31 March 2020 as the corresponding quarter included provision for litigation ...

Asia Pacific drives global upstream activity Asia Pacific has been driving global upstream sanctioning activity over recent months with multiple projects approved in Malaysia and Australia. Updated: 30/04/2021, 3:14 am A drilling rig being towed offshore Sarawak, Malaysia Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. ...

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L&T bags ₹2,500 cr worth contracts in March quarter April 15, 2021 L&T strengthens its position as a key Nuclear power equipment supplier The Heavy Engineering arm of Larsen & Toubro has won contracts worth ₹1,000-2,500 crore from various business segments in March quarter. L&T Heavy Engineering has secured order for 12 Steam generators from NPCIL for the 3x700 MWe Pressurised Heavy Water Reactor (PHWR), strengthening its position as a key Nuclear power equipment supplier in India fleet mo...

MMHE to Build Offshore Platform, Pipeline for SapuraOMVs Jerun Field Posted 15/04/2021 10:55 Malaysias offshore energy infrastructure construction firm Malaysia Marine and Heavy Engineering (MMHE) has won a contract from SapuraOMV to build and install a platform and pipelines for the oil companys SK408W Jerun Development Project, offshore Sarawak, Malaysia. The contract is for the construction of an approximately 15,000-metric tonne (MT) topside, 10,000 MT jacket, and 5,000 MT piles of Central ...