The issue is being made to meet the normal capital expenditure, general corporate purposes and long term working capital requirements. IVRCL Infrastructures & Projects Ltd has informed that pursuant to Securities and Exchange Board of India (Issue and Listing of Debt Securities) Reg…

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MUMBAI: Tata Communications today said that Tata Sons, one of its promoter group firm, has consolidated its stake in the company to 10.88 percent by acquiring an additional 2.37 per cent. The company has acquired 67.53 lakh shares representing 2.37 per cent stake in Tata Communications th…

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NEW DELHI: The country’s second largest realty firm, Unitech, on Monday said it plans to raise Rs 5,000 crore through issue of securities. The company’s board, which met today, approved a proposal to raise long-term funds up to Rs 5,000 crore or equivalent amounts in other cur…

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MUMBAI: C&C Constructions Ltd has bagged an order valued at Rs 781 crore for a dedicated freight corridor from New Karwadiya to New Ganj Khwaja in Bihar. This work is of 105 kilometers on the Mughal-Sone section of the Eastern Corridor and has to be competed in 36 months. The proje…

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Steel Strip Wheels today said Tata Capital has acquired 3.88 per cent stake in company after conversion of bonds into equity shares, raising the total stake of Tata group in the company to 13.50 per cent.In a filing to the Bombay Stock Exchange, Steel Strips Wheels (SSWL) said it has allo…

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Angel Broking: Satyam Computer Services, after deciding to acquire a 51% stake in Maytas Infrastructure, a listed infrastructure company and a 100% stake in Maytas Properties decided to call off the deal following stiff resistance from its shareholders. According to the contours of the d…

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Mumbai: Infrastructure developer IVRCL Infrastructures and Projects today said it has bagged four orders worth Rs746.26 crore from different agencies for construction related projects. The company has secured an order worth Rs550.28 crore from A P Cine Workers’ Co-operative Housing Soc…

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Oil and Natural Gas Corporation (ONGC), India’s largest oil and gas producer, lost over Rs 1,570 crore in revenues on sale of natural gas at price lower than its cost of production during 2007-08.ONGC produces more than 40 per cent of total production of natural gas in the country. …

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Chandigarh: “Bangalore-based infrastructure company, GMR Group, expects to secure Rs2,500 crore worth road projects from National Highways Authority of India (NHAI) within a year,” a senior official of the company said. …

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Mumbai: State-run NTPC today said its joint venture firm with NHPC Ltd, Power Finance Corp and Tata Consultancy Services has been incorporated as National Power Exchange Ltd, and it holds 16.67% in the new entity. “NTPC and NHPC contribute 16.67% equity each, Power Finance Corporation c…

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