Dubai oil field services firm awards Saudi facility contract offshore-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from offshore-technology.com Daily Mail and Mail on Sunday newspapers.
Nifty, Sensex may try to head higher – Weekly closing report
Moneylife Digital Team
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We had mentioned in last week’s closing report that Nifty, Sensex were indecisive. The major indices continued to fall and ended in losses. The trend of the major indices in the week is given in the table:
On Monday, the indices opened lower and suffered a major correction. On the NSE, there were 379 advances, 1,595 declines and 68 unchanged.
Jubilant Pharmova has developed a novel oral formulation of Remdesivir, which, the company said, is likely to ease the capacity constraint that injectable formulation faces and ensure wider and timely availability for COVID-19 patients.
L&T Construction bags contract to design and build one of the world s largest oil & gas supply bases equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
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We had mentioned in the Tuesday’s closing report that Nifty, Sensex were under pressure. On Thursday, the indices opened lower but rallied and ended with decent gains. On the NSE, there were 1,130 advances, 782 declines and 97 unchanged.
The trends of the major indices in the course of Thursday’s trading are given in the table below:
ICICI Securities reported over two-fold increase in net profit at Rs 329 crore for March 2021 quarter. Revenue grew 54% YoY to Rs 739 crore compared to Rs 480 crore.
Nestle India reported a 14.6% YoY growth in net profit at Rs 602.25 crore for March quarter. Revenues grew 8.59% YoY to Rs 3,611 crore.
Larsen & Toubro (L&T) construction arm reportedly bagged significant category order from Oilfields Supply Company Saudi. This deal that the company puts in significant category could be up to Rs 2,500 crore order, as per new agency PTI. The order allocated to L&T construction arm is for design and build an oil and gas supply base.
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The company did not provide value of the contracts but said the orders fall under significant category which ranges between Rs 1,000 crore and Rs 2,500 crore as per its classification of contracts. The buildings and factories business of Larsen & Toubro Construction has secured a significant contract from Oilfields Supply Company Saudi owned by the Dubai based Oilfields Supply Center Ltd to design and build one of the World s largest oil and gas supply bases at King Salman Energy Park, Dammam, Kingdom of Saudi Arabia L&T said in a regulatory filing.