Idea Cellular gets Unified Licence for seven circles
Idea Cellular on Monday said it has received from DoT the Unified Licences for seven circles that had been quashed by the Supreme Court in February 2012. In November auctions last year, the company had won spectrum in these service areas. The Unified Licence allows operators to offer a wide range of telecom of services. “The company has signed on October 11, 2013, Unified License with the Department of Telecommunications, in respect of its seven service areas namely Tamil Nadu, Orissa, West Bengal, Kolkata, Assam, North East and Jammu & Kashmir,” Idea said.
TCS subsidiary posts 27% sequential rise in profit
Tata Consultancy Services-controlled CMC has posted a sequential rise of 27% in its net profit for the quarter ending September 30. The company posted a net profit of R67.3 crore against R53.1 crore in the previous quarter. The company’s net revenues for the quarter stood at R560.7 crore against R486 crore in the June quarter. CMC witnessed an operating margin of 15% in dollar terms for the quarter. CMC has a capex plan of R230 crore for FY14 and has utilised R64 crore so far in the year.
Pratibha Ind bags R516-cr water supply contracts
Infrastructure firm Pratibha Industries on Monday said it has won two contracts worth R516 crore in Rajasthan for water supply work. “The company has bagged two contracts aggregating to R516.17 crore” from Public Health Engineering Department, Rajasthan, for water supply schemes to villages in Ajmer and Bharatpur, the company said. One of the orders worth R292.49 crore awarded by PHED, Ajmer, the company said, pertains to “work of cluster scheme of 213 villages of Jahajpur and Kotri Tehsils... Under Chambal-Bhilwara water supply project phase II with operation and maintenance for 10 years”.
Gamesa India inks 54-MW wind power project in AP
Gamesa India said on Monday that it has signed a 54-MW wind power project in Andhra Pradesh. Gamesa has received an order from a leading power & utilities company, which has just entered into wind power projects, to deliver 54 MW at Tagguparthi, Andhra Pradesh. The deal comprises 27 units of Gamesa G97 2.0 MW turbines which will be commissioned by May 2014. While the company declined to comment on the value of the order and the company, market sources here pointed out that the value size could be over R400 crore. Under this contract, Gamesa would be