blank
   
USA
s
Texas
|
Reach NRI
About Us Advertise Services Tell a Friend Report An Issue Contact Us
spacer
img spacer
spacer spacer
Register Now!
spacer
Need Help to Login?
spacer
spacer img
  News Main img India National img Entertainment img Business News img Sports News img Local News img Media Links img Media Highlights
spacer
Advertisements
spacer
Lucid Travels Inc.
spacer
JaiHo Indian Restaurant & Banquet Hall
spacer
Micropix
spacer
Ruchi Palace
spacer
Ruchi Palace
spacer
thebmagazine
spacer
Discounted Fares Inc
spacer
Sunil Maini CPA
spacer
nishel events by design
spacer
mytaxfiler
spacer
TajMahal Indian Cuisine
spacer
Reddy & Neumann, P.C.
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
spacer
LIC Increases Stake In BHEL To 9%
Reported By sami On 7th May 2011
Source spacer : spacer biz.zeenews.com
spacer
LIC increases stake in BHEL to 9% Life Insurance Corporation has acquired additional over two percent stake in power equipment maker BHEL from the market for Rs 2,205 crore to become the second largest shareholder in the PSU after the government.LIC, which had 7.022 percent stake in BHEL prior to this round of acquisition, bought shares during June last year to May 3 this year to take its stake to 9.052 percent, BHEL said in a filing to the stock exchanges.According to the shareholding pattern, the government has 67.72 percent stake in BHEL, followed by over 9 percent by LIC and 1.4 percent by ICICI Prudential Life Insurance. The remaining stake in held by FIIs and the public.BHEL shares changed hands at Rs 2,057.70 at the bourses during the trading today.
BHEL officials did not comment on the developmet. BHEL has announced highest-ever turnover of Rs 43,451 crore in 2010-11, registering a growth of 27 percent over the previous year's. According to provisional figures release by the company, the Profit Before Tax had increased 37 percent at Rs 9,016 Crore, during the year.The net profit stood at Rs 6,021 crore, an increase of 40 percent over the previous year.BHEL secured orders worth Rs 60,507 crore in 2010-11 and expects similar order book in the current fiscal also.
The order book continues to be impressive despite many power projects getting delayed due to delay in coal block allotments, company officials had said recently.In the power sector, the company bagged orders to the tune of Rs 46,393 crore in 2010-11, including those from NTPC, Bajaj Hindustan, Jaiprakash Power Ventures and Raichur Power Company.The company is all set to achieve a manufacturing capacity of 20,000 MW by March 2012 from the current level of 15,000 MW.BHEL is discussing with various governments including Orissa, West Bengal and Tripura, for joint ventures with entities from respective states. It already has power generation joint ventures with state utilities in Karnataka and Maharashtra, among others.
spacer
Latest Business News  
Apple Posts Record $13.06 Bn Quarte
25th Jan 2012
Apple said on Tuesday its net profit more than doubled in the first quarter of fiscal 2012 to a record $13.06 ...
spacer
Markets cheer unexpected cut in key rate
Markets Cheer Unexpected Cut In Key
24th Jan 2012
MUMBAI: Indian equities markets cheered an unexpected cut in the cash reserve ratio ( CRR) by the Reserve Bank...
spacer
Sensex up 186 points as RBI cuts CRR
Sensex Up 186 Points As RBI Cuts CR
24th Jan 2012
The BSE benchmark Sensex rallied by over 186 points in late morning trade soon after RBI announced a cut in ca...
spacer
Top management rejig at Cairn, CEO Gammell to be non-exec chairman
Top Management Rejig At Cairn, CEO
16th Jun 2011
New Delhi: In a sweeping board shake-up, Edinburgh-based Cairn Energy Plc on Thursday announced that Bill Gamm...
spacer
RBI hikes key rate by 25 basis points
RBI Hikes Key Rate By 25 Basis Poin
16th Jun 2011
Mumbai: The Reserve Bank of India (RBI) on Thursday raised its key policy rate by a quarter percentage point t...
spacer
Ford Bets Big on Small Cars in Asia
Ford Bets Big On Small Cars In Asia
16th Jun 2011
BY JEFF BENNETT Ford Motor Co. believes it can earn a "competitive return" in China and India even as it rolls...
spacer
ATF prices hiked by 2.4%; no immediate comment from airlines
ATF Prices Hiked By 2.4%; No Immedi
16th Jun 2011
After two successive cuts, state -owned oil firms on Wednesday hiked jet fuel or ATF prices by 2.4 per cent in...
spacer
Oil up in Asia as investors seize cheaper crude
Oil Up In Asia As Investors Seize C
16th Jun 2011
Oil was up in Asian trade on Thursday as traders engaged in bargain-hunting after crude prices slid below USD ...
spacer
Sensex tumbles 146 pts on RBI rate hike
Sensex Tumbles 146 Pts On RBI Rate
16th Jun 2011
The BSE benchmark Sensex fell to its three-week low on Thursday, closing 146 points down to below the 18,000 m...
spacer
Maruti strike ends as parties ink settlement
Maruti Strike Ends As Parties Ink S
16th Jun 2011
NEW DELHI: The 13-day-old strike at Maruti has ended on Thursday as late night parleys, in the presence of the...
spacer
 
spacer
Advertisements
spacer
right banner ad comes here with 160x120 size
spacer
The B magazine has some of the most competetive rates in the Desi Publishing Industry. We are affordable to allow more businesses to tap into the Desi Market in Dallas ,TX
spacer
TajMahal Indian Cuisine has long been Austin's favorite dining experience. Owners Ajay and his wife Kiran, were both raised and educated in the art of Indian cooking and hospitality in New Delhi, India. Opening TajMahal Indian Cuisine in 1990, the couple gave many Austinites their first taste of intriguing tastes of India. The public responded with numerous awards for Best Indian and Best Buffet in the Austin Chronicle's well-respected 'Best of Austin' awards, year after year.
spacer
Discounted Fares Inc, as the name speaks for itself deals with discounted airfares for international travel. Willie Abraham, the President and CEO, has been in the travel industry for over 22 years. He was the Co Founder of a reputed travel agency in Dallas since 1989,moving on to open branches in Austin,Texas and Mumbai, India.
spacer
Paradise Biryani Pointe is a perfect and pleasant place for Delicious and Traditional Hyderabad Nawabi Food. With the strength of esteemed and loyal customer base we are very glad to serve our customers in New Jersey, Virginia, Texas and North Carolina to relish their Taste buds with Traditional Taste and Unique Preparation of Hyderabadi Biryani, Moghlai and Tandoor Cuisine.
spacer
The vision for Nishel Events by Design was created by Nisha Patel. She is well known for her high energy, spunky attitude and natural sense of unique creativity. Nisha and her staff have a true passion and talent to create that once in a lifetime experience that will never be forgotten.
spacer
Tanmai Jewelers specilaizes in diamond jewelry. We are Importers/Exporters and trusted Suppliers of Quality Stones and Jewelry.
spacer
Lucid Travel Inc. based in Dallas is a full service travel agency. Lucid Travels offers competitive rates for international travel (Europe, Middle East, Asia, South America and Africa). Lucid Travels Inc. has professional staff in order to meet all your travel based requirements.
spacer

Micropix Creation is a full service Graphic,Print ,Web Design and Development Company located in Dallas ,TX
spacer
Jai Ho..! Restaurant offers you a relaxed, contemporary atmosphere for you to enjoy an extraordinary, authentic Indian Cuisine in addition to Chinese dishes. Enjoy excellent food, cozy ambience, outstanding service and comfort in the middle of DFW metropolis.
spacer
desiplaza.us
radiokhushi.com
spacer
© 2020 ReachNRI. All Rights Reserved.
Powered By   Sayeon LLC
Privacy Policy Terms of Service
Connect with us:  
blank