Bhuwalka Steel, Roman Tarmat likely to see some action today

Bhuwalka Steel Industries has bagged an order worth Rs 40 crore for supply of mild steel long products. The company has received order to the tune of Rs 40 crore from Paschim Gujarat Vij Company / Madhya Gujarat Vij Company, / Dakshin Gujarat Vij Company, / Uttar Gujarat Vij Company, for supply of mild steel long products, as indicated in its filing with the BSE.

Roman Tarmat has received new work order from Chief Engineer, (H) Metro, Alandur, Chennai for six laning and strengthening of the Taramani Link Road. The order is worth Rs 24.58 crore and is set to begin soon. Roman Tarmat is an infrastructure construction company engaged in construction of highways and runways. The company is headquartered at Mumbai with operations spread across the states of Maharashtra, Tamilnadu, Karnataka, Kerala, Mizoram, Gujarat and Delhi.

Micro Technologies India has tied up with Aircel — one of the fastest growing telecom services company — to offer its mobile security products activated in 8 circles across India. The subscribers will experience a high-end technology to safeguard their mobile handsets. The company plans to launch Micro Rural Informatics through its innovative range of security, messaging and IT products for the rural development sector of India.

Energy Development Company (EDC) has decided to transfer the Ullunkal Hydel Power Project of the company to its 100% subsidiary, EDCL Power Projects in compliance with the terms of the implementation agreement. Further, the company has also decided to merge another subsidiary Dhanashree Projects with itself.

Indian Overseas Bank (IOB) plans to achieve a 20% growth in total business volume in current fiscal. In previously fiscal, the bank had posted a total business volume of Rs 2 lakh crore.

Real estate developer Omaxe has announced that the members of the company have accorded their consent to raise additional long-term funds through issuance of securities in the company. The members have also approved increasing the limit of total holding of registered foreign institutional investors (FIIs) in the company to the extent of 100% from current 24%.