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Jaihind Projects bag Rs 14 cr pipeline contract from BPCL
Engineering and construction firm Jaihind Projects today said it has bagged an order worth Rs 14.05 crore from Bharat Petroleum Corporation Ltd (BPCL) for a pipeline project.

BSNL vs works contractor
The Supreme Court (SC) has set aside the order of the Orissa high court appointing an arbitrator in the dispute between BSNL and a works contractor. According to the terms of the contract, if a dispute arose, the chief engineer, telecommunications, was to be the sole arbitrator. The contractor, Dhanurdhar, repeatedly asked the authorities to appoint an arbitrator, but they did not. Therefore, he moved the high court. It appointed an arbitrator other than the Chief Engineer or his nominee. BSNL therefore appealed to the Supreme Court arguing that the appointment of a person other than the Chief Engineer was against the arbitration clause. The Supreme Court accepted the BSNL contention.

News of the day

Govt may defer stake sale fund
Facing a fiscal deficit of 6.8 per cent of Gross Domestic Product for the current financial year, the government is likely to delay for a year or two the National Investment Fund (NIF), a move that will enable it to keep disinvestment proceeds in the Consolidated Fund of India (CFI).
Home Business

Suzlon subsidiary to sell 35% stake in Hansen

AE Rotor Holding B.V., a wholly-owned subsidiary of Suzlon Energy today announced that it plans to sell a 35 per cent stake in Hansen Transmissions. - Suzlon opens wind farm in Australia - REpower"s H1 net profit rises 21.5% - Markets at a glance - VRL looking to exit its wind power business - Suzlon scales down forecast - Suzlon"s loss widens to Rs 356 cr The firm has appointed Bank of America-Merrill Lynch and Morgan Stanley to manage the sale. Hansen is a designer, manufacturer and supplier of wind turbines and industrial gearboxes. The firm recently leased a site in a Special Economic Zone in Coimbatore and has commenced a €270 million project to build an integrated manufacturing plant for the manufacture of wind turbine gearboxes which is expected to reach full capacity in April 2011.


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