Entries Tagged 'Announcements' ↓

Laresen & Toubro Limited has bought 26 per cent stake in Feedback Venture valued at Rs. 40 crore. Feedback Ventures is a premier consulting firm in the infrastructure space. L&T is the main client for Feedback Ventures and now the company hopes to work both internationally and domestically along Larsen and Toubro.

Reliance Industries today moved up smartly on the news that the company is planning to acquire 49 per cent stake in Uranium Exploration Australia’s eight Blocks. Reliance Industries stock moved up around 2 per cent to trade at Rs. 2881 at 12.40 pm on the BSE. News regarding the stake acquisition by Reliance Industries in Uranium Exploration should be announced soon.

Indus Towers is the new tower company which is to be started as a seperate entity in which Bharti Infratel, Vodafone Essar and Idea Cellular will be part. Indus Towers Limited will be an independent company which would provide infrastructure services to all the telecom operators. The company will initially have around 70,000 sites to start off with and in the coming years will install more towers which can be used by all the three telecom companies which would reduce the cost of operations. Bharti and Vodafone will own around 42 per cent stake and 16 per cent will be owned by Idea Cellular Limited. Indus Towers Limited will bring more value to the parent companies in the coming years.

Krishnapatnam Ultra Mega Power Project will be awarded to Rel Power as the company has emerged as the lowest bidder. The compnay will be awarded the project with in a few days, Power minister Sushil Kumar Shinde has confirmed to the news sources.

Reliance has placed a winning bid of Rs. 2.33 per unit for the krishnapatnam UMPP project, this is the third project the company has bagged after Sasan and Mundra power projects.

In an annoucment made by GMR Infrastructure Limited to the stock exchanges, the company has informed that GMR Energy the company’s fully owned subsidary had entered in to a joint venture  with Himtal Hydra Power Co Limited based in Kathmandu, Nepal. GMR Energy will purchase 80 per cent stake in the Himtal Hydro company which is developing the ‘250-MW Upper Marsyangdi-2 Hydro Power project’ Nepal.
 

IVRCL Infrastructure Limited in an annoucment made to the stock exchanges has informed that the company has bagged three orders worth Rs. 329.32 crore from NRDA, Pimpri Muncipal Corporation and Tamilnadu Water Supply and Drainage Board.

The company has issued a statement elaborating the orders recieved from various sources, which are as follows

Two Orders recieved from Pune Region : Awarded by Naya Raipur Development Authority (NRDA) and the value of the order is 179.12 crore and the second one is from Pimpri Chinchwad Municipal Corporation and the value of the order is 124 crore.

Contract recieved from Chennai Region worth 25.24 crore from Tamilnadu Water Supply and Drainage Board.

ING Vysya Bank Preferential Issue is placed to the Qualified Institutional Buyers at a price of Rs 310 per share which would be Rs. 29 discount on the average price of ING Vysya Bank shares.

ING Vysya Bank has raised around Rs 232 crore through the QIBs and these preferential allotments were cleared by the Bank’s EGM last week.