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Heavy Electrical Equipment

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NHPC signs MoU with BHEL for hydro power projects in overseas markets

Thursday, 21 Jul 2016 08:42am EDT

NHPC Ltd : Signed a MoU with BHEL for hydro power projects in overseas markets; cos to look after civil, electro mechanical package respectively. .

ABB India June-qtr profit up about 35 pct

Thursday, 21 Jul 2016 03:18am EDT

ABB India Ltd : Says June-quarter net profit 774.2 million rupees . Says June-quarter net sales 20.74 billion rupees . Consensus forecast for June-quarter net profit was 828.9 million rupees . Says net profit in June-quarter last year was 574.5 million rupees; net sales was 19.06 billion rupees . Says order backlog of 77.52 billion rupees as of June 30, 2016. . Recovering demand in automotive industry drove automation orders in June-quarter but traditional industries remained sluggish .

Woodward Q3 earnings per share $0.81

Wednesday, 20 Jul 2016 04:05pm EDT

Woodward Inc : Woodward Inc says for 2016 continue to expect earnings per share to be between $2.75 and $2.95 . Woodward reports third quarter fiscal year 2016 results . Q3 earnings per share $0.81 . Q3 sales $508 million versus i/b/e/s view $520.2 million . Q3 earnings per share view $0.76 -- Thomson Reuters I/B/E/S . Sees fy 2016 sales about $2.0 billion .Fy2016 earnings per share view $2.76, revenue view $2.05 billion -- Thomson Reuters I/B/E/S.

CSG Smart Science and Technology unit to invest 8.5 mln yuan in LZ Robotics

Tuesday, 19 Jul 2016 10:34pm EDT

CSG Smart Science and Technology Co., Ltd. <300222.SZ>:Says its unit plans to invest 8.5 million yuan in LZ Robotics, to acquire 25 percent stake.

CSG Smart Science and Technology scraps 30 mln yuan investment in Lingzhi Robot

Tuesday, 19 Jul 2016 10:25pm EDT

CSG Smart Science and Technology Co., Ltd. <300222.SZ>:Says it scraps 30 million yuan investment in Lingzhi Robot, intending to acquire 20 percent stake.

China Western Power Industrial to buy 65 percent stake in Yunnan renewable energy firm for 15 mln yuan

Tuesday, 19 Jul 2016 05:40am EDT

China Western Power Industrial Co Ltd <002630.SZ> :Says it plans to buy 65 percent stake in a Yunnan renewable energy firm for 15 million yuan.

Finland's Kone beats market view in Q2, lifts profit outlook

Tuesday, 19 Jul 2016 05:30am EDT

Kone Oyj : Q2 operating income (EBIT) EUR 348.6 (325.2) million, 15.3 pct (14.7 pct) of net sales . Q2 net sales grew by 2.8 pct to EUR 2,273 (2,210) million . Reuters poll expected EBIT of 332 million euros and sales of 2,258 million euros . Q2 order intake EUR 2,068 million versus EUR 2,079 million in Reuters poll . Says slightly upgrades its operating income (EBIT) outlook for 2016 . Full-year operating income (EBIT) is expected to be in range of EUR 1,250-1,330 million, compared to a previous forecast of EUR 1,220-1,320 million . Repeats sales forecast - expects 2016 sales to grow by 2-6% at comparable exchange rates as compared to 2015 . Says China orders declined significantly in Q2, new equipment market volumes declined less than in Q1 but pricing pressure in market intensified .Shares up 1.8 pct.

Ma Xiaowu cuts stake by 3.1 pct in Hunan Changgao High Voltage Switchgear Group

Tuesday, 19 Jul 2016 04:30am EDT

Hunan Changgao High Voltage Switchgear Group Co Ltd <002452.SZ>: Says Ma Xiaowu cut stake in the company by 3.1 percent .Says Ma Xiaowu is holding 18.0 percent stake in the company currently.

CSG Smart Science and Technology says controlls company to set up tech jv

Tuesday, 19 Jul 2016 03:59am EDT

CSG Smart Science and Technology Co Ltd <300222.SZ>: Says it controlled company that a Shanghai-based mechanical equipment company, to set up a tech jv in Shanghai, with another Shanghai-based co and two individuals .Says the jv with registered capital of 5 million yuan and the company's controlled company to hold 51 percent stake in it.

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