Punj Lloyd Ltd said on Monday it has entered into a joint venture with Kingdom of Saudi Arabia to form a joint venture company with a share capital of two million Saudi Riyals.
Injuries sustained by top players in this week's Saudi PSA World Open has taken a toll on the draw for next week's Punj Lloyd PSA Masters, the 10th and final PSA Super Series squash event of the year, to be held here from December 14-19.
Punj Lloyd voluntarily deposited Rs 1.06 crore (Rs 10.6 million) on the spot through challans when excise officials visited them during an investigation in the matter.
India's top ranked female player Dipika Pallikal put up a spirited display before going down 2-3 to second seed Kasey Brown of Australia in the quarter-finals of the Punj Lloyd WISPA Masters 2010 squash event in New Delhi.
It was a disappointing outing for Indian players in the Punj Lloyd PSA Masters 2010 as all lost their opening round matches and bowed out of the squash event at the Siri Fort Sports Complex, in Delhi, on Tuesday. Much was expected of wild card entrant Harinder Pal Sandhu, qualifiers Sandeep Jangra and Siddharth Suchde but the trio failed to impress in a star-studded field.
Will Punj Lloyd's aggressive international thrust and the move to diversify its domestic portfolio succeed, asks Surajeet Das Gupta.
The JV will provide thorium fuel technology for light water reactors to come up in India, which predominantly generates nuclear power using LWRs. Thorium Power specialises in harnessing nuclear energy by using thorium, which is less radioactive than the conventional nuclear fuel -- uranium.
"We are looking at an investment of several million dollars or up to a billion in the coming years, depending on how India's government allows commercialisation of the nuclear power sector," said Dennis Hays, vice-president of Thorium Power. The investments and areas of operation can be in various technologies, manpower training, fuel processing, and operation & maintenance of power plants in the nuclear sector, he added.
The maintenance, repairs and overhault firm, which has six investors, received its first external funding from GTI Group and Punj Lloyd in 2007. All existing investors will exit the company following the transaction.
After the announcement of the Jawaharlal Nehru Solar Mission -- which aims at a quantum leap in solar power installation in the country -- at least 25 companies have come forward, with investment proposals totalling over Rs 100,000 crore (Rs 1 trillion) over the next three to 10 years.
Over the last six years close to Rs 96,000 crore (Rs 960 billion) has been mopped up through IPOs by nearly 300 companies while another 56 companies have picked up about Rs 47,000 crore (Rs 470 billion) from the equity market through follow-on issues.
The beleaguered Dabhol power project has hit a fresh roadblock with Punj Lloyd and its British partner Whessoe, the contractors for completing the LNG terminal, threatening legal action against Ratnagiri Gas and Power Pvt Ltd for default on payments.
A smart city strives to minimise waste of resources.
The government has approved 16 projects envisaging foreign investment worth Rs 1,647 crore (Rs 16.47 billion), while deferring Punj Lloyd's proposals for lack of security clearance.
With another rate cut unlikely to happen soon, coupled with a muted order inflow trend, investors should tread with caution.
Engineering and construction major Punj Lloyd on Monday said it has entered into a pact with Malaysia's Hopetech, an automated revenue collection solution provider, for electronic tolling on highways and setting up of a Central Toll Clearing House (CTCH) in India.
Under the RFQ, companies had to initially participate in technical bids based on certain minimum criteria such as net worth, experience and so on. Only five or six companies that scored the highest on this basis were then permitted to put in financial bids.
While Swissport, an European infrastructure and service corporation providing value-added airport services at 187 airports across 43 countries, is going with India's Punj Lloyd group, Menzies is partnering Cambata Aviation for the bid. Cambata has been providing airport services at the Mumbai airport since 1967. Turkey's Celebi Ground Handling is reportedly teaming up with Spencer Travels as overseas bidders.
Dipika Pallikal equalled the highest ranking ever achieved by an Indian women squash player when she obtained a career-best 27th rank in the Women's International Squash Player's Association (WISPA) charts.
Top seed and world number two Jenny Duncalf of England survived some early challenge before edging past third seed Camille Serme of France 3-2 in the semi-finals of the Punj Lloyd WISPA Masters squash event in New Delhi on Saturday.
India's top-ranked female player Dipika Pallikal kept the tri-colour fluttering by progressing into the quarter-finals of the women's singles squash event, even as compatriots Saurav Ghosal and Joshna Chinappa bowed out at the Punj Lloyd PSA and WISPA Masters in New Delhi.
Local favourite Saurav Ghosal survived an early challenge before edging past English qualifier Adrian Weller in straight games in the opening round of the Punj Lloyd PSA Masters squash tournament in Delhi on Wednesday. World No 22 Ghosal defeated Weller 11-7, 12-10, 11-6 in 45 minutes to move into the pre-quarter-finals of the US $1,92,5000 event at the Siri Fort Sports Complex.
Fifth seed Peter Barker of England upset top seed Ramy Ashour of Egypt 11-13, 11-7, 11-8, 11-1 in 45 minutes in the quarter-finals of the Punj Lloyd PSA Masters 2011 at Siri Fort Sports Complex in Delhi on Friday. In another upset of the day, sixth seed Mohamed El Shorbagy stunned second seed Karim Darwish 11-9, 8-11, 11-5, 11-3 in 60 minutes, in the all Egyptian quarter-final.
Coal requirement for the plant would be met through Coal India.
Come December, the top 32 squash players from across the world will travel to Mumbai to play in the inaugural Punj Lloyd PSA Masters 2009.
Noting that Indian firms face a high risk of mark-to-market losses due to a volatile forex market, a brokerage firm has named telecom major Reliance Communications and auto giant Tata Motors among five blue-chip companies estimated to have suffered the most during 2008-09.
Ramy Ashour of Egypt put up an assured performance to tame England's Nick Matthew and win the Punj Lloyd PSA Masters squash tournament at the Bombay Gymkhana, in Mumbai, on Thursday. In a final that was both entertaining and enthralling, the fourth seeded Ashour prevailed 11-6, 9-11, 11-9, 11-9.
Egypt's Ramy Ashour beat compatriot Amr Shabana 11-9, 13-15, 11-8, 11-2 on Wednesday to move into the final of the $152, 000 Punj Lloyd PSA Masters squash tournament. The Egyptian will face England's Nick Matthew in the final. The English fourth seed got the better of compatriot Peter Barker 13-11, 11-6, 11-5 in the second semi-final.
It will be an all-Egyptian affair in the semi-final of the Punj Lloyd PSA Masters 2009, as second seed Amr Shabana and compatriot Ramy Ashour won their respective quarter-final matches at the Bombay Gymkhana on Tuesday.
Unheralded Englishman Daryl Selby caused the biggest upset of the $152, 000 Punj Lloyd PSA Masters squash tournament on Sunday when he shocked top seed Gregory Gaultier of France in the opening round.
A CII delegation, led by Confederation of Indian Industry president and Bharti Enterprises CEO Sunil Bharti Mittal, called on US Democratic presidential candidate Senator Hillary Rodham Clinton at the Capitol Hill in Washington, DC on Wednesday.
The potential entrants include the Essar Group, Punj Lloyd, Larsen & Toubro, real estate developer Atlanta, Hyderabad-based Nagarjuna Construction and Delhi-based DS Constructions.
India's Karun Chandhok soaked tremendous pressure to score his first race win of the 2008 GP2 Series in Hockenheim on Sunday. Chandhok came under intense pressure from Andi Zuber of Piquet Sports for the last 20 laps of the race, but Karun kept his cool for a fantastic victory for the iSport International team.
India's Karun Chandhok added to his points score in the fourth race weekend of the 2008 GP2 Series at Magny-Cours in France on Sunday. He started from eighth place on the grid for the feature race, and despite a delay in the pits, when a rival car drove very close to his mechanics, drove a solid and consistent race to finish seventh.
Transcript of the weekly stock market chat with Pranav Sanghavi.
GAIL (India) Ltd has agreed to infuse an additional Rs 500 crore (Rs 5 billion) into Ratnagiri Gas and Power Pvt Ltd to enable the owner of the beleaguered Dabhol plant to clear pending dues of contractors.
A large group of high-profile personalities from corporate India on Saturday left for Lahore on a chartered aircraft of the Indian Airlines to watch the third one-day international match between India and Pakistan on Sunday.
The Enforcement Directorate (ED) has filed a money-laundering case against renowned cardiologist Dr Naresh Trehan and others in connection with allotment of land for the Medanta Hospital in Gurgaon, officials said on Wednesday.
In the capital goods space, Punj Lloyd and KEC International could be in limelight for the expected turnround
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