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Coimbatore, Nov. 6 Gammon Infrastructure Projects Ltd has said that Rajahmundry Godavari Bridge Ltd, a special purpose vehicle promoted by the company, has signed the concession agreement with the Government of Andhra Pradesh for designing, constructing, financing, operating and maintaining a major bridge across river Godavari connecting Rajahmundry and Kovvur for a period of twenty five years. The total cost to complete the project is estimated to be Rs 800 crore. The company will receive a total grant of Rs 207.55 crore from the Central and State Governments during the construction and operation period of the project.

Karur Vysya Bank Ltd has entered into a MoU with Credit Analysis & Research Ltd (CARE) on November 5 to enable its corporate clients to get rated in terms of BASEL II guidelines.

KLG Systel Ltd has informed that its power system solutions (PSS) division has won an order for Rs 132 crore from Punjab State Electricity Board under the Rajiv Gandhi Gramin Vidyutikaran Yojna for design, engineering, erection and commissioning of 11 kV lines, 25 kVA sub-stations and release of around 1.48 lakh new connections to below poverty line (BPL) households.

Sasken Communication Technologies Ltd has convened a meeting of the board of directors on November 10 to consider writing off the capitalised software products cost by adjusting against the share premium account and to this effect seek the approval of shareholders.

Wendt (India) Ltd has incorporated a 100 per cent wholly-owned subsidiary company Wendt Middle East FZE, in Hamriyah Free Zone, Sharjah, United Arab Emirates. The company plans to manufacture, sell and service diamond/CBN grinding wheels and other abrasive tools/industrial products. These activities are planned in a phased manner subject to necessary approvals.

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