Re may not weaken beyond 39.85: HDFC Bk (CNBC TV 18, moneycontrol.com)The currency market is going to get important as we step into earnings and it's been showing some strength to dollar for itself globally. Ravi Pai, Head Forex & Derivatives at HDFC Bank, believes the rupee will not break the current range in the next couple of weeks or so. It may weaken a bit, but not beyond 39.85, reports CNBC-TV18. More
Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.
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