Its competitive strategy is to acquire full buildings in high demand micro markets and renovate older Grade B properties.
An analysis of global markets also shows that Indian equities have underperformed significantly last week.
At close, the Sensex was down 13.53 points at 82,186.81. Meanwhile, the Nifty was down 29.80 points or 0.12% at 25,060.90.
Eleven though the demand is huge in amount, the company assured that it would not have any immediate financial or operational impact on the company.
The business posted an operating EBITDA of ₹883 Crore. This was 32% higher on a year-on-year basis to ₹669 Crore.
The company said that the revenue from operations for the quarter registered a 14% y-o-y growth at ₹2,076 Crore.
Here are some of the stocks that may see significant price movement today: ONGC, Dalmia Bharat, Hyundai India, etc.
The company said that the new entity shall have a proposed authorised share capital of ₹1 Crore, and a proposed share capital of ₹10 Lakh.
Afcons Infra said that this project has a completion timeline of 72 months from the commencement date after-receipt.
As part of the project, the company will install the turbines at the Tamil Nadu project site via First Energy’s special purpose vehicle (SPV).

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