Larsen & Toubro’s overseas subsidiary L&T Oman LLC has bagged a contract from the Sultanate of Oman for construction of the Adam Airbase in Al Dakhiliya Governorate. The company, however, did not disclose the value of the contract.
Bharat Heavy Electricals (BHEL) said it won a Rs 3536 crore contract from Gujarat State Electricity Corporation for setting up a supercritical thermal power project in Gujarat.
Key indices jumped after the US Federal Reserve at the end of a two-day policy meeting on Wednesday, 17 September 2014, maintained a commitment to keep US interest rates near zero for a "considerable time". Meanwhile, the Indian and Chinese governments signed a five-year trade and economic co-operation pact and a railway co-operation pact. BSE Sensex, reclaimed the psychological 27,000 mark and CNX Nifty reclaimed the psychological 8,000 level and hit one-week high. The market breadth indicating the overall health of the market was strong.