Contract value: Rs 230 crore Particulars: Civil and electrical works OM Metals Infraprojects has received a contract in JV with SPML Infra from Sardar Sarovar Narmada Nigam. The order is for designing, engineering, manufacturing, supplying and commissioning all civil, mechanical and electrical works on the Kutchh branch canal in Gujarat.
Aiming to sell land parcels in Bengaluru, Sahara Group is in talks with Pacifica Group and other potential buyers. The sought amount is Rs 400 crore for the 76 acre at Devanahalli and 25 acre at Whitefield.
Housing Development and Infrastructure (HDIL) is aiming to sell a total of 15-20 mn sq ft of floor space index including land and development rights from its land bank in Vasai-Virar region on the outskirts of Mumbai in the next 15-18 months.
Tata Steel completed the £2 mn upgradation project at its hot-rolled strip processing units, located in the West Midlands of UK. The final investment has come from installing a leveller at a cost of £500,000, which will come on-stream in January 2012
The Kerala Government is planning to develop the Rs 9,000 crore, Vizhinjam International Container Transhipment Terminal, which will handle 4.1 mn containers annually in the initial phase, on Landlord Port Model (LPM)
A survey of 10 mega-cities across the world has revealed that Mumbai registered the highest percentage rise in property prices since 2005. The recent World Class Cities Index by London based, listed real estate adviser Savills shows that average property rates in Mumbai surged 154 per cent since December 2005
Marvel Landmarks, a Pune based realty company has received Rs 55 crore inve-stment for an 8 per cent stake from Paracor Capital Advisors, the PE arm of Mauritius based Madison India Real Estate Fund. Marvel Landmarks is the FDI compliant company of local developer
The rural ministry has tabled the Land Acquisition and Rehabilitation and Resettlement Bill in the parliament to pay farmers four times the market value of land they lose in rural areas and two times in urban areas
Contract value: Rs 800 crore, Particulars: Road project, IRB Infrastructure Developers has received Letter of Award (LoA) worth Rs 800 crore from NHAI for four laning of Goa-Karnataka Border to Panaji – Goa stretch of NH-4A from km 84.000 to km 153.070 in Goa BOT toll basis on DBFO pattern.