Subhash Projects bags Rs137 crore order

Subhash Projects bags Rs137 crore order

Mumbai:Engineering firm Subhash Projects said it has bagged two orders totalling Rs137.66 crore in association with Insituform on 19 December.

Subhash Projects informed the BSE that it bagged a Rs69 crore order for refurbishment of trunk sewerage system in West Delhi.

Further, the company said it has received Rs68.66 crore order from Jail Road trunk sewer in Delhi.

Shares of Subhash Projects were trading at Rs460, up by 10.83% in the afternoon trade, at the BSE.

Nalco board approves Rs409 cr capex for refinery upgrade

State run National Aluminium Company Ltd (Nalco) board said on 19 December it will spend Rs409 crore for the upgradation of alumina refinery.

The company in a filing to the BSE said that the board of directors has approved of a capital expenditure for implementation of upgradation of fourth stream of alumina refinery from 5.25 lakh tonnes per year (TPY) to 7 lakh tonnes and upgradation of capacity of bauxite mines from 63 lakh tonnes to 68.25 lakh tonnes.

The capacity of alumina refinery would increase to 22.75 lakh tonnes, the company added.

Shares of Nalco were trading at Rs424, up by 2.23 % in the afternoon trade, at the BSE.