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07 September 2009
IRB Infra qualifies to bid for Rs 22,000 crore road project
IRB Infrastructure Developers said it has qualified to bid for projects worth Rs 22,000 crore from the National Highway Authority of India (NHAI) and Gujarat State Road Development Corp (GSRDC) among others. "As regards to the future growth opportunities Read More...
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07 September 2009
UK real estate insolvencies doubled since Q3 2007
Real estate and construction firms have been the worst hit in Britain by the global downturn, with the number going bust more than doubling since the credit crunch started two years ago, according to a report on Friday. Some 1,573 companies in the property Read More...
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07 September 2009
YSR's death may hit infra companies
The death of Andhra Pradesh chief minister Y S Rajasekhara Reddy in a helicopter crash this week is likely to affect infrastructure companies more than any other enterprise in the state, reports Business Standard. Reddy’s tenure was known for infrastructure Read More...
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07 September 2009
Nagarjuna Construction to raise Rs 367 crore via share issue
Nagarjuna Construction said it will raise Rs 367.35 crore by way of private placement of shares with qualified institutional buyers. The board of directors have approved to allot 2,77,32,900 shares at Rs 132.46 a piece, totalling to Rs 367.35 crore by Read More...
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07 September 2009
Realty stocks continue to shine
Real estate stocks on Friday continued their upward march with few showing signs of weakness in what is seen as a range-bound market for now. The Realty Index too saw a minor upside at 4297.49 up 2.09 per cent over Thursday’s close. However, the Read More...
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07 September 2009
Government recalls two directors from Maytas Infra board
The government has recalled two nominee directors, K Ramalingam and O P Vaish, from the board of Maytas Infra which was handed over to infrastructure major IL&FS on Monday. Two other government nominees, Ved Jain and Anil Agawaral, will, however, Read More...
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13 February 2009
Cement Industry Hit By Realty Slowdown
The slump in the realty sector, which accounts for about 65 per cent of the total cement consumption in India, has affected the cement sector. Since most realtors are facing a severe cash crisis, it is quite unlikely that too much real estate development Read More...
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13 February 2009
450 Projects Halted And 5, 000 Jobs Lost In Pune Realty Sector
Falling sales and severe cash crunch have halted the development of more than 450 real estate projects in Pune. This has resulted in loss of jobs of around 5,000 construction workers. A detailed survey undertaken by Promoters and Builders Association Read More...
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05 February 2009
Sluggish Realty Market To Jumpstart Again
Measures announced by the Central government to stimulate the economy by ensuring cheaper loans for homes and industry has raised hopes for people in the real estate and banking sectors. Banks like IDBI Home Finance, ICICI and SBI are anticipating that Read More...
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23 October 2007
PNB signs pact with IIFCL
Punjab National Bank has entered into a MoU with India Infrastructure Finance Company Ltd. The MoU was inked by Dr. K.C. Chakrabarty, PNB Chairman, and Mr S.S.Kohli Chairman and Managing Director, IIFCL, here on Wednesday. Under the MoU, PNB and IIFCL Read More...
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23 October 2007
IMP Powers Bagged Rs65 Crore Order from Maharashtra State Electricity Board
Makers of electricity meters and transformers IMP Powers has bagged an order worth Rs 65 crore from a renowned EPS Contractor for supply to Maharashtra State Electricity Board. Under the contract IMP Power will supply EHV Transformers of 132 and 220 kv Read More...
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