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Rupee at 46.44/$, down 33 paise
The Indian rupee today depreciated by 33 paise against the US currency in early trade on strong demand from importers for the dollar, which rebounded against other major currencies.

Jaypee, L&T sign Rs 4,000 cr contract for MP power project
Jaiprakash Power Ventures, part of the Jaypee group and L&T-MHI ((a JV between L&T and Mitsubishi heavy industries) have signed an agreement for the supply and erection of the boiler and steam turbine and generator for the Jaypee Nigrie super thermal power project. The contract is valued at Rs 4,000 crore.

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Markets firm on easing Dubai fears
The markets are displaying firm trend on the back of improved global cues. The European markets too have opened on a positive note following easing Dubai fears.
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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