Infrastructure Sector

Asahi Infra To Set Up Housing Project Worth Rs 2 Billion

Asahi Infra To Set Up Housing Project Worth Rs 2 BillionAsahi Infrastructure & Projects Limited declared that it has got final authorization from the administration of Rajasthan for carrying out Affordable Housing Project 2009 under PPP.

The total cost of the project will be Rs 2 billion.

Lanco Settles Griffin Acquirement For AUD 730 Million

Lanco Settles Griffin Acquirement For AUD 730 MillionInfrastructure developer Lanco Infratech stated that it has settled the acquirement of Griffin coal mines for AUD 730 million in the biggest ever investment by any Indian firm in West Australia.

Lanco Infra Chief Financial Officer J Suresh Kumar stated, "We have finalised our acquisition of Griffin coal mines for AUD 730 million, of which upfront payment was AUD 480 million."

Core Infrastructure Industries Output Zoom 7.1% In Jan 2011

Core Infrastructure Industries Output Zoom 7.1% In Jan 2011The yield of the six core infrastructure industries climbed 7.1% during January this year, backed by the strong growth of segments including crude oil, petroleum refinery products in addition to electricity.

The six core segments including crude oil, petroleum refinery products, coal, electricity, cement and finished steel flourished by 9.8% during the month of January.

J Kumar Infra Pockets Deals Worth Rs 368.5 Million

J Kumar Infra Pockets Deals Worth Rs 368.5 MillionJ Kumar Infraprojects Limited declared that it has pocketed work orders amounted Rs 368.5 million.

The initial order worth Rs 192.5 million is for recasting and extending of existing box cell drainpipe at Eastern Express Highway.

The other order valued at Rs 176 million is for pilling works orders from a range of parties comprising L&T, Era Infra etc.

RPP Infra Pockets Rs 1 Bln Worth Orders; Stock Surges 7.4%

RPP InfraTamil Nadu based RPP Infra Projects Ltd has pocketed a series of orders worth Rs 1 billion during the last month.

Man Infra Pockets 3 New Orders In Mumbai

Man Infra Pockets 3 New Orders In Mumbai    Man Infraconstruction Limited has pocketed three orders from novel customers in Mumbai, Maharashtra.

The orders are for building of offices for top investment banker Enam, residential tower for developers Rohan Developers and Wadhwa Group.

The order is said to be finished by the next 18 months.

Unity Infra Bags Order Worth Rs 745 Mln

Unity Infra LogoUnity Infraprojects Limited has pocketed an order from the Indian Institute of Technology (IIT), Powai, Mumbai.

The scope of project consists of building of hostel 15 and 16 comprising internal services such as fire fighting, public health, electrical, elevators etc at IIT Powai.

The order is valued at Rs 745.4 million.

Sadbhav Infra Ropes In Rs 400 Cr Investment

Sadbhav Infra Ropes In Rs 400 Cr InvestmentFor its wholly-owned arm, the Sadbhav Infrastructure Project Limited (SIPL), infrastructure giant Sadbhav Engineering Ltd has roped in total investment worth Rs 400 crore from The Xander Group and Norwest Venture Partners.

The said investment will offer up Sadbhav Engineering an enhanced opportunity to bid for a range of infrastructure projects.

Gayatri Projects Q1 Net Profit Zooms 25.93%

Gayatri Projects Q1 Net Profit Zooms 25.93%Gayatri Projects Limited has recorded an increase of 25.93% in its net profit for the first quarter of the existing year (2010-11).

During the period, the company registered a net profit of Rs 15.06 crore.

The Hyderabad-based Infrastructure company had a net profit of Rs 11.96 crore during the same period of 2009.

Reliance Infra Q1 Net Up 6%

Reliance Infra Q1 Net Up 6%Reliance Infrastructure Limited, the country's major infrastructure conglomerates, declared the results for the three month period ended June 30.

The company has recorded an increase of 6% in its first quarter net profit as compared to the same period last year.

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