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Dilip Buildcon earns early completion bonus

Dilip Buildcon has received the provisional completion certificate as declaration of commercial operation date (COD), prior to the scheduled completion date for the two projects (development of Patan-Tendukheda-Rehli Road section of the state highway no 15 in Madhya Pradesh and upgradation of Jabalpur-Mandla-Chipli section NH-12A in Madhya Pradesh), respectively. Consequently, the company is entitled to a cumulative maximum bonus amount of Rs 42.18 crore on account of earlier completion of the said projects.

Furthermore, on April 3, 2017, the company received the provisional completion certificate as declaration of Commercial Operation Date (COD), 100 days prior to the scheduled completion date for the projects of rehabilitation and upgradation of existing road to two lanes with paved shoulder as cement concrete pavement configuration Katni-Shahdol-Anuppur to MP/Chhattisgarh Border (NH-78).

Hence, the company is entitled to maximum bonus of Rs 10.20 crore on account of obtaining provisional completion certificate/commercial prior to scheduled completion date.

The company has earned early completion bonus of Rs 220.6 crore as of June 2016. As per company, it has executed ~90 per cent projects before time.

The company has a strong order book of ~Rs 13,600 crore and in addition to these, company has recently won two HAM and EPC projects worth Rs 4180 crore and Rs 1083.6 crore, respectively.
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Tata Power receives LOI for distribution and retail supply of electricity in West & South Odisha

Ganesh V / Article rating: 5.0

Tata Power today announced that it has received a letter of intent (LOI) from Odisha Electricity Regulatory Commission (OERC) for the distribution & retail supply of electricity in Odisha’s five circles of the western part (WESCO) and six circles of the southern part (SOUTHCO). Tata Power has received this licence of distribution for a period of 25 years.

Tata Chemicals forms record session count pattern; bulls may take a breather

Vinayak Gangule / Article rating: 5.0

This is an extremely rare pattern and usually occurs at the top of an uptrend. Generally, we rely on the typical momentum indicators or oscillators for recognising an overbought and oversold condition of the stock. However, this Japanese candlestick pattern gives us a unique way to recognise the time when the momentum is about to wane out.

Sensex jumps more than 400 points; IRCTC surges 14 per cent, Laurus Labs gains 4 per cent, SpiceJet zooms 10 per cent

Geyatee Deshpande / Article rating: 5.0

On Friday, the domestic benchmark indices touched record highs as Sensex closed at 45,079.55 levels, up by 446.90 points or 1 per cent while Nifty gained by 124.65 points or 0.95 per cent to settle at 13,258.55 levels.

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