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Sadbhav Infra IPO opens on Aug 31; allots 2.04 crore equity shares at Rs.103

India Infoline News Service | Mumbai | August 29, 2015 12:18 IST

The company has allotted 2.04 crore equity shares at Rs.103 aggregating Rs. 210 cr to 7 anchor investors - HDFC MF, Tata MF, Nomura, Morgan Stanley, Amansa, Tata AIA Life & SBI MF.

ADAG to build Rs. 6,500 cr defence facility in Nagpur

India Infoline News Service | Mumbai | August 29, 2015 10:17 IST

The project will be Indias first integrated facility in aerospace structure, engine design & manufacture, fabrication and platform integration.

Brookfield Asset Management to acquire nine projects from Gammon India

India Infoline News Service | Mumbai | August 29, 2015 08:07 IST

Gammon Infrastructure Projects, said it will sell six road projects and three power projects to the consortium.

Infrastructure Newsletter - August 24 to 28, 2015

India Infoline News Service | Mumbai | August 28, 2015 15:50 IST

Sadbhav Infrastructure Project Limited, a subsidiary of Sadbhav Engineering Ltd will open on Monday, August 31, 2015, an initial public offering of equity shares of face value of Rs. 10 each (the Equity Shares). The Price Band has been fixed from Rs. 100 to Rs. 103 per Equity Share of Face Value of Rs. 10 each. The Minimum Bid lot is 145 Equity Shares and in Multiples of 145 Equity Shares thereafter.

Gammon Infra to divest nine projects to BIF India

India Infoline News Service | Mumbai | August 28, 2015 15:29 IST

"The company's step down subsidiary Gammon Infrastructure Projects Ltd (GIPL) has signed a share purchase agreement divesting nine of its project companies (six road and 3 power) to BIF India Holding Pte jointly ," the company added.

Micromax launches Canvas Nitro 4G for internet savvy generation

India Infoline News Service | Mumbai | August 28, 2015 13:43 IST

A speed and performance machine powered by Qualcomm Snapdragon 415 64-bit 1.4 Ghz Octa-Core processer and 4G capability

Gammon Infra zooms on divestment plans

India Infoline News Service | Mumbai | August 28, 2015 09:24 IST

The stock has zoomed nearly 14 percent in the early morning deals.

Smart City Mission practical and realistic, asserts Naidu

India Infoline News Service | Mumbai | August 27, 2015 17:38 IST

Minister of Urban Development Shri M.Venkaiah Naidu today announced a list of 98 cities and towns selected for development as smart cities.

Go wireless with Rockerz On Ear, Bluetooth stereo headsets from boAt

India Infoline News Service | Mumbai | August 27, 2015 17:07 IST

boAt unveils its new product Rockerz On Ear, a bluetooth stereo headset with super bass which will be exclusively available on Snapdeal through a strategic partnership with Imagine Marketing.

Smart Cities! Schneider Electric and Sterlite Tech are the top gainers

India Infoline News Service | Mumbai | August 27, 2015 16:46 IST

The ambitious smart cities project is an attempt by the NDA government to enhance urban life. Schneider Electric Infrastructure and Sterlite Technologies rallied in the range of 6% to 7% at Rs. 188 and 78, respectively.

Schneider Electric soars 7%; launches full suite of Smart Homes solutions

India Infoline News Service | Mumbai | August 27, 2015 16:38 IST

The company has launched its full suite of integrated smart home solutions to provide end-to-end solutions for multi-dwelling independent home owners.

JP group stocks in demand

India Infoline News Service | Mumbai | August 27, 2015 16:36 IST

Shares of JP group were in demand on news that UltraTech Cement is nearing closure of the deal with the group to buy Bhilai cement plant.

Govt plans to award highway projects worth Rs. 3L crore by March 2016: Nitin Gadkari

India Infoline News Service | Mumbai | August 27, 2015 16:29 IST

The government would launch a Rs 4,000-crore mass rapid transport system pilot in Delhi and was in talks with unions to work out a port corporatisation scheme and will come out with a Road Safety Bill soon, he said.

Bailout package approved for road developers

India Infoline News Service | Mumbai | August 27, 2015 14:37 IST

As per the officially available data, this bailout package is expected to benefit more than 80 BOT (Build, Operate, and Transfer) projects. Highway development in India has seen a slowdown over the last two years. In 2013-14, the National Highways Authority of India could only award contracts for 1436 kms of highway development against a target of 4000 kms. Even in 2014-15, it could only award contracts for 1116 kms against a target of 7500 kms.

JP group shares rally over 4%

India Infoline News Service | Mumbai | August 27, 2015 12:02 IST

The stocks are in demand on buzz of likely deal closure with UltraTech Cement.

Schneider Electric surges 4.3%

India Infoline News Service | Mumbai | August 27, 2015 11:08 IST

The stock is trading higher after launching suite of integrated smart home solutions.

Maharashtra sanctions Rs.354 bn for 4 Metro lines

India Infoline News Service | Mumbai | August 27, 2015 08:07 IST

The MMRDA also gave administrative approval to spend Rs. 743.73 crore for the construction of three elevated roads to clear traffic jams at Bandra-Kurla Complex (BKC) and Santacruz-Chembur junctions.

Developers allowed to divest 100% equity in road projects

India Infoline News Service | Mumbai | August 27, 2015 06:27 IST

The main object of the approval is to expedite award and implementation of highway projects in the country by making additional funds available for investment in projects.

L&T Construction wins Rs. 864 cr order from Qatar

India Infoline News Service | Mumbai | August 26, 2015 17:49 IST

The order encompasses the engineering, procurement & construction of two substation packages.

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