MId Day 08-02-11

Mahindra ventures into construction equipment bizz

M&M will launch its first indigenously developed - Mahindra EarthMaster- backhoe loader. The company has invested Rs 300-crore in manufacturing and product development and will manufacture 200 units per month at its Chakan Plant. (Source: Business Standard)

Hindustan Construction Company bags Rs 232 cr thermal power project order

HCC has bagged a contract worth Rs 232.07 crore by Kanti Bijlee Utpadan Nigam Limited, a joint venture company of NTPC and Bihar State Electricity Board (BSEB). HCC will construct 2 X 195 mega watt (MW) Muzaffarpur Thermal Power Project, Stage II in Bihar. (Source: Business Standard)

Mundra Port Q3 net up 40% at Rs 228 cr

Mundra Port posted a 39.94% jump in net profit to Rs 228.46 crore for the quarter ended December 31, 2010. Total income of the company swelled to Rs 450.76 crore in the December quarter from Rs 337.83 crore in the year-ago period. (Source: Business Standard)

Suzlon to start payments on Rs 10K-cr debt

Suzlon is set to resume making payments on 10,000 crore in borrowings in April next year. The company’s cumulative orders rose 35% from October to a record $7.3 billion, equal to about 5,000 MW of power capacity. (Source: Economic Times)