Corporate Announcements

Gammon India

Gammon India announced that the 97th Annual General Meeting (AGM) of the company will be held on 13 December 2019.

Forbes & Co

Forbes & Company has postponed the meeting of the Board of Directors of the Company to 14 November 2019.

Akzo Nobel

Akzo Nobel India announced its new corporate office at a new premises in Gurugram -

9th Floor, Magnum Towers, Golf Course Extension Road, Sector 58, Gurugram 122 011

Indag Rubber

Indag Rubber announced that the Board of Directors of the Company at its meeting held on 9 November 2019, has recommended a Interim dividend of Rs.0.9 per share (i.e.45%), subject to the approval of the shareholders.

Larsen & Toubro

The construction arm of L&T has secured orders from prestigious clients across various Indian states for its varied businesses.

Water and Effluent Treatment Business:

An EPC order has been secured from the Jharkhand Urban Infrastructure Development Company Limited (JUIDCO), for augmenting and strengthening the Dhanbad Urban Water Supply Scheme Phase II under Dhanbad Municipal Corporation.

The scope of work includes design and construction of an intake structure of capacity 77 MLD, two water treatment plants of aggregate capacity of 15.5 MLD, transmission and distribution pipelines of 584 Km, ground level service reservoirs of aggregate capacity of 8,600 KL, house service connections and associated electromechanical and instrumentation works including operation a. maintenance for 5 years.

The project aims to provide continuous water supply (24X7) while maintaining requisite pressure involving automation including measurement of input & output water quantity and quality through suitable SCADA and other instrumentation works, to limit water losses in the system to desired levels and ensure consistent good quality of water. The project is designed to bring drinking water to 4.45 lakh people of Dhanbad city in the state of Jharkhand.

The business is also executing the Hazaribagh urban water supply scheme and the Ranchi urban water supply schemes for the same client.

The business has secured add-on orders for some of its existing projects.

L&T GeoStructure: The business has secured an order from State Project Management Unit, Government of West Bengal for flood protection works and embankment strengthening of Damodar river in East Bardhhaman & Hooghly districts, West Bengal, using sheet piles and Bullah piles.

Another order has been secured from BPCL for construction of stone columns in Krishnapatnam, and from BHEL to construct of piles and related civil work for the 2x660 MW STPP coal and ash handling plant at Ennore.

An order has been received from CMRL for underground works at Korukkupet station, Chennai, and from IndusInd Bank to construct a diaphragm wall for a basement multi-level car park at Teynampet, Chennai.

Buildings and Factories Business:

The business has received an order for the execution of mechanical works for a cement plant at Kurnool.

Additionally, the construction arm has received add-on orders for some of its existing projects across the Transportation Infrastructure (TI) and Metallurgical and Material Handling (MMH) businesses.

Modern Insulator

Modern Insulators will hold a meeting of the Board of Directors of the Company on 14 November 2019.

Vedanta

Vedanta will hold a meeting of the Board of Directors of the Company on 14 November 2019.

Tata Motors

Tata Motors announced that a duly constituted committee of the Board will consider the offering of Rated, Listed, Unsecured, Redeemable, Non Convertible Debentures (NCDs) aggregating upto Rs 500 crore on 14 November 2019.

Wipro

Wipro announced the successful implementation of SAP S/4HANA® software for Sydney Water, a statutory state-owned corporation wholly owned by the New South Wales Government. Wipro has also integrated modules of Industry-Specific Solution for the Utilities Industry (IS-U), Customer Relationship Management (CRM) and Flexible Real Estate Management (RE-FX) globally for the customer.

Leveraging SAP S/4HANA, Sydney Water will be able to deploy state-of-the-art features in its billing and customer services, enabling simplified billing processes and next-generation transformation of customer self-service.

Built with additional capabilities such as holistic view of customer data and intelligent mobile based interaction, this solution will provide end users with an interactive interface. It will enable a 360-degree view of the customer, resulting in increased operational efficiency and cost effective delivery of services.

Modern Denim

Modern Denim will hold a meeting of the Board of Directors of the Company on 14 November 2019.