Stocks In News - Bagging Order

1. Omax Autos:-
   • Omax Autos has secured order from Indian Railways.
   • The company's railway division has successfully secured order for supply of railway parts from Indian Railways for estimated value between Rs 90-100 cr.
   • The formal purchase order would be received by the company in due course of time.
2. Aban Offshore:-
   • Aban Offshore's arm gets order form ONGC .
   • A step down subsidiary of the company has received a firm letter of award from ONGC for the deployment of the drillship AbanAbraham for a firm period of two years.
   • The expected revenues from this deployment is estimated at USD 87 million (Rs 592 cr).
   • The deployment is expected to commence during the fourth quarter of calendar year 2016.
3. ARSS Infrastructure Projects:-
   • ARSS Infrastructure Projects has bagged order worth Rs 44 cr.
   • The East Cost Railway has awarded a contract of Rs 44.04 cr to the company's joint venture 'ARSS-BMS'.
   • This work order includes Jagdalpur -Koraput doubling project with execution of earthwork in formation, minor bridges,protection works and other allied works.
   • The contract period is of 23 months from the date of issue of acceptance letter.