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Areva T&D bags order from Hindalco
French power equipment maker Areva"s Indian arm, Areva T&D, today said it has bagged an order from aluminium major Hindalco for erecting 440 kilo volt (Kv) substations at its plants in Singrauli (Madhya Pradesh) and Sambalpur (Orissa).

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Ex-UB honcho to develop wine value chain
Vallee de Vin, maker of the premium Zampa brand of wines, is looking at investing upto Rs 35 crore on expansion as well as verticalisation by offering a range of services centred around the core business of wine manufacturing. Ravi Jain, chief executive officer of the Sanjegaon, Nashik-based vineyard, said that the company has a horizon of upto three years to raise the amount.

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RBI tightens ECB norms
With improvement in the global credit markets and narrowing of spreads, the Reserve Bank of India (RBI) decided today to reintroduce the ceiling on interest rates that Indian companies pay for external commercial borrowing.
Management

Alstom bags Rs 365 cr orders from Hindalco

Alstom Projects India, subsidiary of French firm Alstom, today said is has bagged orders worth Rs 365 crore from Hindalco Industries, for supply and installation of four gas treatment plants in the country. - Ahluwalia Contracts bags four orders worth Rs 242 cr - Alstom Projects Q2 net dips 17% to Rs 49 cr - Alstom led consortium bags Rs 563 cr contract from BMRCL - IVRCL Infrastructures bags orders worth Rs 557 cr - Zylog plans Rs 500 cr infra spend, eyes Singapore firm - Godrej Ind not to place further orders in buyback The scope of work includes design, engineering, supply and commissioning of two gas treatment plant each in Madhya Pradesh and Orissa, Alstom Projects India said in a filing to the Bombay Stock Exchange (BSE). Shares of Alstom Projects India settled at Rs 529.45 on the BSE, up 1.51 per cent from its previous close.


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