L&T Wins ONGC Contract, IOCL to invest $1.1 B in Gujarat

Mukesh Buch
29 Dec, 2014
New York City

IOCL plans to acquire land worth about Rs 6,800 crore to expand project in Gujarat. L&T secured a contract for about Rs 894 crore from ONGC. Power Grid Corp approved investments of Rs 6,575 crore in various projects.

[R]6:00 PM Mumbai – IOCL plans to acquire land worth about Rs 6,800 crore to expand project in Gujarat. L&T secured a contract for about Rs 894 crore from ONGC. Power Grid Corp approved investments of Rs 6,575 crore in various projects.[/R]

Indian rupee declined to a record low 3 paisa to close at 63.67 against one dollar.

The Sensex Index jumped 153.95 or 0.6% to close at 27,395.73. The CNX Nifty gained 45.60 or 0.6% to 8,246.30.

Gainers & Losers

Assam Company India Limited soared 19.9% to Rs 4.88 after the conglomerate signed an agreement with ONGC for 60% investment in Amguri field.

Career Point Limited climbed 9.2% to Rs 147.55 after the integrated solution provider signed an agreement with the Rajasthan government for skill development training program.

Indian Oil Corporation Limited advanced 1.4% to Rs 332.45 after the petroleum products maker plans to acquire land worth about Rs 6,800 crore to expand project in Gujarat.

Larsen & Toubro Limited rose 0.2% to Rs 1,492.30 after the engineering infrastructure developer secured a contract for about Rs 894 crore from ONGC.

Power Grid Corporation of India Limited fell 0.3% to Rs 136.60 after the board approved to project investment proposals worth Rs 6,574.83 crore.

R.P.P. Infra Projects Limited dropped 1.7% to Rs 123 after the infrastructure developer secured an order worth Rs 48.4 crore in Tamil Nadu.