GE Power India may advance on new order win

GE Power India said that the company has been awarded twin boiler equipment orders by Bharat Heavy Electricals (BHEL) for supercritical thermal power projects in Patratu and Udangudi worth approximately Rs 467.9 crore exclusive of taxes (i.e. approximately US$ 68.3 million). The announcement was made after market hours yesterday, 3 July 2018.

International Finance Corporation (IFC), a member of the World Bank Group, has invested Rs 640 crore ($100 million) in Mahindra & Mahindra Financial Services (Mahindra Finance). This investment will enable Mahindra Finance to further augment its growth, by extending loans to individuals, including farmers, to buy tractors, vehicles and other equipment, along with financing small and medium enterprises. The announcement was made after market hours yesterday, 3 July 2018.

ISGEC Heavy Engineering has emerged L-1 in reverse auction in order for Flue Gas Desulphurization (FGD) 3 units x 800 MW from NTPC - Kudgi Super Thermal Power Project . The value of the expected order is about Rs 700 crore. The announcement was made after market hours yesterday, 3 July 2018.

Sadbhav Infrastructure Project informed that Sadbhav Jodhpur Ring Road (SJRRPL) - wholly owned subsidiary of the company has achieved Financial Close within the timelines stipulated in accordance with the Concession Agreement dated 6 February 2018. The announcement was made after market hours yesterday, 3 July 2018.

VST Tillers Tractors announced that the company's total sales of power tillers and tractors declined 24.42% to 3,819 units in June 2018 over June 2017. The announcement was made after market hours yesterday, 3 July 2018.

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