The partnership will work on a new biological entity (NBE) in the immuno-oncology field to better treat cancer.
The project will be developed in a single phase and has a carpet area of approximately 71,300 sq ft. Ajmera Realty estimates sales revenue from the project to be ₹320 crore.
In the joint venture, IRCON holds a 26% share worth ₹285 Crore. The remaining 74% stake is held by BRC.
The NFO is available for subscription from March 18 to April 1, 2025.
The company’s announcement followed Maruti Suzuki’s plans to increase the prices of its vehicles by up to 4%, effective from April 2025.
This is on top of the ₹3,000 crore orders received earlier by Welspun Corp for similar projects in the US.
As per the company’s filing with the bourses, the scope of work includes managing the construction and development of infrastructure at MGIRI.
For the Financial Year 2025, the borrowing limit has been enhanced from ₹24,200 Crore to ₹29,200 Crore.
Imports of gold and crude oil fell sharply, leading to the Feb-25 trade deficit more than halving since Nov-24 peak
On March 17, Indian equity indices ended on strong note with Nifty above 22,500.
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