|
 These independent projects are likely to end the monopoly of PowerGrid. - Expect moderate returns in 2010 - As Stock markets rise, short sellers on the wrong foot - R-Infra to commission projects worth Rs 10,000 cr in 7 months - R-Infra gets Rs 1,000-cr contract from Gujarat govt - RInfra bags Rs 1,725 cr road project - Markets remain in negative territory Reliance Power Transmission Ltd (RPTL), a subsidiary of Reliance Infrastructure, is believed to have bagged two transmission projects worth Rs 4,100 crore connecting six states. “RPTL has emerged as the winner for two independent transmission projects (ITPs),” a Rural Electrification Corporation (REC) official said. State-run REC is the nodal agency for these ITPs. RTPL North Karanpura Transmission project is worth around Rs 2,700 crore, while Talcher-II is of Rs 1,400 crore. The 1,045-km-long North Karanpura transmission line will be implemented in 30-42 months. It will serve Madhya Pradesh, Chhattisgarh, Uttar Pradesh and Haryana. leaky basement toronto
|
JP Morgan Asset Management today announced the promotion of Christopher Spelman as the chief executive officer (CEO) of its India business and the appointment of Nandkumar Surti as the chief investment officer (CIO). - Positive outlook on investment in India, says survey The company also announced the resignation of its executive chairman Krishnamurthy Vijayan who will leave the company shortly to take up a senior position in another firm. In his new role, Spelman will be responsible for asset management business, including sales and marketing, product development, operations, staffing and budgetary controls, a press release issued here stated. Spelman has been with JP Morgan for over 12 years. Nandkumar Surti, the erstwhile CIO of Fixed Income at JP Morgan Asset Management, will now be the CIO for the entire India asset management business. 
Sobha Developers, the Bangalore-based publicly held real estate developer, is positioning itself on the springboard as it envisages launching projects worth Rs 2,800 crore over the next 12-18 months covering 8 million square feet. This statement is perhaps is one of the most encouraging one to come from one of the established developers as the real estate market is looking to come out of the woods of global recession. - Web exclusive: Paradigm shift in realty - Sobha Developers soars on land sale talks - Sobha to sell 2 land parcels in city - Sobha set to raise another Rs 250 cr from land sale - Sobha set to raise another Rs 250 cr from land sale - Sobha Developers raises Rs 527 cr through QIP As of March 31, 2009, Sobha with a topline of Rs 1400 crore, completed 12.46 million sq.ft residential ô commercial in-house projects and 18.30 million sq.ft of contractual projects. In addition the company has more than 30 projects aggregating 9.30 Mn.sqft under construction in residential category and also 34 projects aggregating 5.85 million sq ft under contracts from Infosys and other companies. 
Sobha Developers, the Bangalore-based realty player, is set to raise another Rs 250 crore by selling a little over 100 acres of its land in Pune. The company has been making headway to settle a part of its Rs 1,900 crore debt by selling part of its 3,000-acre land bank spread across the country. Sobha recently raised close to Rs 530 crore through the Qualified Institutional Placement (QIP) route. With a debt of Rs 1,900 crore, the company was leveraged 1.6 times and it is understood that a part of the proceeds from QIP is being used to settle a part of that. - Sobha set to raise another Rs 250 cr from land sale - Jet focus for next two years will be on cutting debt - Indiabulls Fin raises Rs 960 cr via QIP - FIIs raise stake in Nifty firms to 43% - HDFC net rises 21% as disbursals rise - Overseas investors buy the India story again According to industry sources, the company is in advanced discussions with a Pune-based builder to sell 103 acres at Hinjewadi, the prime IT corridor in Pune.