Corporate

Maytas Infra bags Rs 790 cr road project

Infrastructure development firm Maytas Infra today said it has bagged an order worth Rs 790 crore from IL&FS Transportation Networks (ITNL) for road construction work. - Unity Infraprojects JV bags Rs 1,146-cr order - Nagarjuna Construction net up 4% at Rs 44 cr - Nagarjuna Construction, Zenith Computers & SCI Q2 results - Nagarjuna Construction net up 4% at Rs 44 cr - Unity Infra to re-develop Cooper Hospital - BGR Energy net up by 29% to Rs 30.56 cr The company has been awarded the Pune-Sholapur road contract worth Rs 790 crore, Maytas Infra said in a filing to the Bombay Stock Exchange. The project is to be completed in a period of 20 months. "Through this project, we envisage assisting our client in building and providing a quality infrastructure link between the two important cities of Maharashtra and contribute to its economic growth," Maytas Infra President Chander Sheel Bansal said. Maytas Infra had submitted its offer to ITNL last month. "This contract will go a long way in boosting the image of Maytas Infra in the market and restoring the confidence among its stakeholders," the filing added. Shares of Maytas Infra were trading at Rs 145.80 on the BSE, up 2.42 per cent from its previous close.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
Return to normal
Bank ROEs: What is an acceptable return on equity (ROE) for a bank? That question is likely to dominate the debate among executives, investors and regulators in the coming year. After the spectacular losses of the crash, there is no doubt that banks’ future returns should be lower than the super-charged profits earned during the credit boom. But if ROEs fall too far, the consequences could be severe.
Popular Articles
payday loans online

HC told to take up Subhiksha merger plea first
The Supreme Court today asked the Madras High Court to first hear on Thursday the amalgamation plea of cash-strapped retail chain Subhiksha Trading Services Ltd with its subsidiary Blue Green Construction and Investments Ltd. The retailer was forced to shut its network of supermarkets across India due to acute financial crunch.
Polygraphy
Pharma sector set for a boost: Azad
With the country’s capacity to manufacture medicines at competitive prices and drugs worth $80 million going off-patents soon, there is a big opportunity for investment in the drug manufacturing sector, Health Minister Ghulam Nabi Azad said today.

© Copyright 2009