ABB lowers sales target, eyes $1 bn in savings

Last Updated: Wednesday, September 9, 2015, 16:26

Swiss-Swedish engineering giant ABB on Wednesday revised down its sales growth target for the next five years and unveiled a cost-cutting programme to rake in $1.0 billion in savings.

Australian partner UGL mulls exiting Texmaco Rail JV

Last Updated: Monday, September 7, 2015, 13:30

It further said: "In view of the above, UGL has initiated discussion about the future of the project including their view to exit from the joint venture. The matter is under active consideration."

L&T wins Rs 1.5k cr water supply project

Last Updated: Monday, August 31, 2015, 12:34

Larsen & Toubro on Monday said it has won a turnkey order for Rs 1,489 crore water supply project from Public Health Engineering Department, Ajmer.

Punj Lloyd shares tank nearly 17% as Q1 net loss widens

Last Updated: Monday, August 17, 2015, 12:48

The company had reported a net loss of Rs 363.92 crore for the first quarter of the previous fiscal.

KEC bags orders worth Rs 838 cr

Last Updated: Tuesday, August 11, 2015, 21:39

"KEC International Ltd has secured new order of Rs 838 crore in transmission and distribution and cable business," the company said in a BSE filing.

Larsen & Toubro seeks shareholders' nod to raise $600 mn

Last Updated: Wednesday, August 5, 2015, 16:24

Engineering and construction giant Larsen & Toubro (L&T) has sought shareholders nod to raise up to USD 600 million (about Rs 3,200 crore) through issuing securities to meet capital requirement of growing business.

Punj Lloyd bags Rs 477 cr tankage order

Last Updated: Monday, August 3, 2015, 13:26

Punj Lloyd on Monday said it has bagged Rs 477 crore (USD 75 million) new tankage order from Japan-based Mitsubishi Heavy Industries, taking its order backlog to Rs 22,171 crore.

McNally to raise Rs 100 crore from EMC

Last Updated: Wednesday, July 1, 2015, 19:32

McNally Bharat Engineering will raise Rs 100 crore by selling shares to EMC Ltd, which will also launch an open offer worth over Rs 131 crore to the company's public shareholders.

Greek crisis to hit Indian exports, trigger capital outflows

Last Updated: Monday, June 29, 2015, 18:37

With Greece witnessing a full- blown economic crisis, India's software and engineering exports may take a hit and the country may also face larger capital outflows due to a weaker euro, industry and government officials warned on Monday.

L&T bags offshore contract worth Rs 2,715 cr from ONGC

Last Updated: Wednesday, June 24, 2015, 11:48

The contract was won against international competitive bidding for the Oil & Natural Gas Corporation (ONGC) project at Bassein field near Mumbai coast in western offshore basin of India.