HCC-Halcrow bags Kishanganga project worth Rs 2,726 crore

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The HCC-Halcrow Consortium comprising Hindustan Construction Company (HCC) and UK-based Halcrow Group has bagged the prestigious and challenging 330 MW Kishanganga Hydro-Electric Project worth Rs 2726.49 crore, in Jammu & Kashmir from the National Hydroelectric Power Corporation (NHPC). In the Kishanganga project the HCC – Halcrow consortium will have a share in the ratio of … Read more HCC-Halcrow bags Kishanganga project worth Rs 2,726 crore

L&T’s Oman Arm Bags Construction Orders valued at Rs 1198 Cr

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Larsen & Toubro (Oman) LLC, one of the leading companies in the field of engineering and construction in the region has secured major orders cumulatively valued at Rs.1198 crores (USD 245 million), against stiff international competition. The orders cover construction of a hotel and apartments for the 2nd Asian Beach Games, a mosque and underground … Read more L&T’s Oman Arm Bags Construction Orders valued at Rs 1198 Cr

Voltas to transfer chemicals trading business to DKSH India

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Voltas, a Tata group company, has approved a proposal for transfer its chemicals trading business as a going concern, to DKSH India, a wholly-owned subsidiary of DKSH Holding, Zurich for a lumpsum consideration of Rs 20 crore, subject to certain adjustments, if any and to represent any change in the net asset value of the … Read more Voltas to transfer chemicals trading business to DKSH India

Ranbaxy – Di-iachi Sankyo – Cleaning Balance Sheet

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Ranbaxy Laboratories declared the results for the quarter ended December ’08 and held a tele conference call on 22nd January 2008 to discuss the financial performance as well as future plans. The key takeaways from the meet are as follows: Consolidated net sales for the year FY’08 reported growth of 8% to Rs 7250.70 crore … Read more Ranbaxy – Di-iachi Sankyo – Cleaning Balance Sheet

FIIs net sellers of Rs 304 cr in cash segment on Thursday

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Foreign institutional investors (FIIs) were net sellers of Rs 304.45 crore (provisional) in the cash mart on Thursday, as per the information posted on the BSE website. While FIIs made gross purchases of Rs 1,232.91 crore, their gross sales amounted to Rs 1,537.36 crore. Domestic institutional investors (DIIs) were net buyers of Rs 3.96 crore … Read more FIIs net sellers of Rs 304 cr in cash segment on Thursday

Ansal Properties to develop ten thousand affordable homes

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Ansal Properties and Infrastructure has decided to develop ten thousand affordable homes in Uttar Pradesh and Rajasthan. The company will invest about Rs 500 crore in the next one-and-half year in this regard. The housing units will be ready for delivery within 18 months. The company already has land in possession where the projects are … Read more Ansal Properties to develop ten thousand affordable homes