The Hindu Business Line : Corporate developments

Gammon India Ltd said that Indira Container Terminal Pvt Ltd, the special purpose vehicle incorporated by the consortium of Gammon and Dragados S.P.L, has signed the ‘Licence Agreement’ with the Mumbai Port Trust for developing the Mumbai Offshore Container Terminal Project.

The estimated project cost is about Rs 800 crore in the initial phase of three years and another Rs 400 crore subsequently and it is on a BOT basis for 30 years, including three years of construction and equipping period, from the date of signing the Licence Agreement.

Parsvnath Developers has announced signing of a Memorandum of Understanding (MoU) by its subsidiary Parsvnath SEZ Ltd (PSL) with the Government of Rajasthan to develop 112 acres SEZ in Jaipur.

The SEZ envisages an investment of Rs 1,400 crore and will focus on giving a further boost to gems and jewellery industry.

Under the MoU, the State will provide necessary support for infrastructure facilities in SEZ and offer Single Window Service through the Bureau of Investment Promotion (BIP).

Pearl Global has signed a collaboration agreement with DLF Retail Developers Ltd for development of its real-estate property situated on the prime location on NH-8, Gurgaon, measuring 9.20 acres, after cancelling an earlier agreement with Ansal Properties and Infrastructure Ltd for the development of this property. A meeting of the board of directors will be held on December 14 to consider and approve commencement of new business, subject to approval of shareholders, to set up, buy, sell or let on hire, industrial estates, lands and buildings, buy and sell lands for the industrial estates and carry on the business of builders and contractors.

More Stories on : Stocks | Recommendation | Textiles

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page