Infrastructure News, India Infrastructure Development News, Real Estate infrastructure Sector News
Business Today

The company posted a consolidated net profit of Rs 1,262.97 crore for the October-December quarter helped by higher production and sales of the key construction material.

The consolidated sales during the October-December quarter, however, increased 22.42 per cent to Rs 2,479.93 crore from Rs 2,025.77 crore in the year-ago period.
Following the announcement, shares of Siemens skyrocketed 19.30 per cent to touch an early-high of Rs 867.95 on the Bombay Stock Exchange (BSE).
The company posted a net of Rs 15.51 crore for the October-Decemebr 2010 quarter, against Rs 17.63 crore it registered in the same period last year.
The shares will be alloted pursuant to the promoter group entity AAA Project Ventures exercising option to convert the warrants alloted to them in July 2009.
The Ministry will also submit its reply in the Mumbai High Court on January 10 in connection with a petition filed by Lavasa, challenging the stay on construction.
Unitech said its directors at a meeting held on December 22, allotted 5,90,34,352 equity shares of Rs 2 each at a premium of Rs 48.75 per share to Harsil Projects.
The World Bank's $1.5-billion funding will be used to build more roads in Punjab, Himachal Pradesh, Jharkhand, Meghalaya, Uttarakhand and Uttar Pradesh.
Prakausali Investments (India) and Mayfair Investments have pledged a 19.88 per cent and 4 per cent stake, respectively, the real estate firm said in a filing to BSE.
The contract entails the construction of two commercial buildings and a podium in a township being developed by the Hirco Group at its Special Economic Zone at Panvel.