Corporate Snippets

L&T has secured an order worth Rs65bn from Jaiprakash Power Ventures for a 1,980MW power plant in Uttar Pradesh. (ET)

BHEL expects to outstrip its revenue target for 2012 and become an Rs500bn company. (BL)

Tata Steel has suspended work on Mount Nimba, West Africa’s largest iron ore deposit due to an environmental report from United Nations Educational, Scientific and Cultural Organisation. (BS)

The Lok Sabha passed the State Bank of India (Amendment) Bill 2010, which seeks to, among other things, reduce the statutory minimum shareholding of the Central Government in the bank to 51% from the current level of 55%. (BL)

Emaar MGF Land plans to cut its initial public offering (IPO) to about Rs20bn, half the size it announced earlier this year. (BS)