L&T bags order from IOC

Larsen & Toubro has bagged a Rs 542-crore order from the Indian Oil Corporation. The order is for the motor spirit quality upgradation unit at IOC’s refinery at Panipat in Haryana, its associated utilities and offside facilities to meet the Euro IV norms. The order comprises residual process design, detailed engineering, construction, installation, and performance guarantee test runs for the project.

Vinay Cements

Vinay Cements has reported a 21.50 per cent rise in turnover at Rs 48.89 crore for the year ended March 31 against Rs 40.24 crore in the previous year. Its EBIDTA jumped 77.77 per cent to Rs 14.02 crore from Rs 7.92 crore a year ago. Profit after tax increased 35.10 per cent to Rs 7.99 crore from Rs 5.91 crore.

Tata Power

Tata Power has been declared the best IT user in the energy and utility sector at the Nasscom IT User Award, 2006. Tata Power was given the award for providing value-added services to consumers through a customer portal system via a website.

SAIL input

SAIL’s raw materials division has recorded a growth of 8.3 per cent in its production of iron ore during the first quarter of the current fiscal compared with the same period a year ago. The production of iron ore lump has registered a growth of 17.8 per cent.

Bajaj Allianz

Bajaj Allianz Life Insurance has launched three micro insurance plans — Alp Nivesh Yojana, Bima Kavach Yojana and Jana Vikas Yojana — in the state with a premium of less than Rs 15.

AllBank

Allahabad Bank has handed over a dividend warrant of 30 per cent to the government.

Pepe Jeans

Pepe Jeans London has launched the Aqua Marine collection in the city for the monsoon season. The collection is priced from Rs 499.

Rediff portal

Rediff.com has launched a multimedia social content sharing platform, iShare, for users to publish and share videos, music and photos.

Woodland

Woodland has introduced a range of casual footwear. The collection is priced between Rs 1,995 and Rs 2,695.