Page 21 - Heavy Engineering News Today

Benchmark indices were trading near the days high in mid-afternoon. At 14:28 IST, the barometer index, the S&P BSE Sensex, soared 1,190.56 points or 2.45% at 49,790.17. The Nifty 50 index surged 371.60 points or 2.60% at 14,653.80. Shares rallied for the second day as investors cheered Union Budget announcements. Positive global cues also lifted the sentiment. The broader market lagged the benchmark indices. The S&P BSE Mid-Cap index gained 2.04% while the S&P BSE Small-Cap index gained 1.63%. ...

L&T Heavy Engineering Flags off world’s heaviest LC-Max Reactors By IANS|   Published: 28th January 2021 1:22 pm IST Hazira (Gujarat), Jan 28 : The Heavy Engineering business of Larsen & Toubro, has completed and flagged off World’s Heaviest LC-Max Reactors ahead of schedule. The reactors, weighing 2,260 Metric Tons (MT) each, will enable India’s first Residue Upgradation Facility (RUF) by Hindustan Petroleum Corporation’s Visakh Refinery to convert the heaviest oils to high-quality BS...

The reactors, weighing 2,260 Metric Tons (MT) each, will enable Indias first Residue Upgradation Facility (RUF) by Hindustan Petroleum Corporations Visakh Refinery to convert the heaviest oils to high-quality BS-VI diesel, as well as increase feedstock and improve product flexibility.The

Divestment, real estate sale also aid profit; revenue dips 2% L&T reported a 5% rise in consolidated net profit for the third quarter ended December 31 to ₹2,467 crore on account of higher profit from the information technology and technology services (IT & TS) segment and sale of commercial property by its realty division. The PAT also included gains on divestment of ₹209 crore from discontinued operations. “The gain of divestment is towards further adjustments accrued against the sale ...

Isgec Bags prestigious orders for Air Pollution Control Equipment Posted On: 2021-01-22 07:04:31 (Time Zone: Arizona, USA) Isgec Heavy Engineering Ltd. (Isgec) has received an order for Wet Flue Gas Desulphurisation System Package for the 2x660 MW Khurja Thermal Power Project in Uttar Pradesh from L&T MHI Power Boilers Pvt. Ltd. (formerly L&T MHPS Boilers Pvt. Ltd.). The end user for this project is THDC India Ltd. and the Consultant is NTPC. The objective of this project is the removal of...

Key equity indices ended with small gains on Friday (18 December 2020), supported by firmness in IT shares. The barometer index, the S&P BSE Sensex, rose 70.35 points or 0.15% to 46,960.69. The Nifty 50 index added 19.85 points or 0.14% at 13,760.55. Both the indices attained record closing high levels. The S&P BSE Sensex hit a record high of 47,026.02 while the Nifty hit a record high of 13,772.85 in mid-afternoon trade. After a dull start, the benchmark indices declined and hit the days low i...

The benchmark indices continued to trade with modest losses in early afternoon trade. At 12:33 IST, the barometer index, the S&P BSE Sensex, was down 119.06 points or 0.25% to 46,771.28. The Nifty 50 index lost 34.25 points or 0.25% to 13,706.45. Shares witnessed profit selling after a five-day rising streak during which the Sensex added 2.02% while the Nifty gained 1.95%. In the broader market, the S&P BSE Mid-Cap index slipped 0.41% while the S&P BSE Small-Cap index shed 0.26%. The market ...

Key equity indices ended with small gains on Friday (18 December 2020). As per provisional closing data, the barometer index, the S&P BSE Sensex, rose 70.35 points or 0.15% to 46,960.69. The Nifty 50 index added 19.85 points or 0.14% at 13,760.55. After a dull start, the benchmark indices declined and hit the days low in the morning trade. The indices traded with modest losses till the afternoon trade. Bargain hunting in the mid-afternoon session pushed the indices in the green and both the ind...

Zee Entertainment Enterprises (ZEE) said that the board of directors of the company has approved the acquisition of film production and distribution business as a going concern, on a slump sale basis from Zee Studios (formerly known as Essel Vision Productions), a wholly owned subsidiary of the company, for a cash consideration. Also the board of directors of the company considered and approved the transfer of the Digital Publishing Business Division of the company to Rapidcube Tecbnologies thr...

Key indices are trading lower in early trade. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 93.58 points or 0.2% at 46,796.76. The Nifty 50 index was down 7.20 points or 0.05% at 13,733.50. Asian stocks are trading mixed. The S&P BSE Mid-Cap index was off 0.42%. The S&P BSE Small-Cap index was down 0.51%. The market breadth, indicating the overall health of the market, is weak. On the BSE, 802 shares rose and 1257 shares fell. A total of 82 shares were unchanged. Stocks in ne...