Financial Daily from THE HINDU group of publications
Friday, Mar 24, 2006
Financial Daily from THE HINDU group of publications Friday, Mar 24, 2006 |
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Corporate
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Announcements Logistics - Infrastructure Ram Ratna Infrastructure to sign up 20 projects Our Bureau
Chennai , March 23 Ram Ratna Infrastructure, a member of the Mumbai-based Rs 1,000-crore Ram Ratna Group, will be signing up 20 projects in the next three months in South India for its multi-level parking solutions, according to Mr Balachandran Dharmen, Senior Group Vice-President, Ram Ratna Group. Mr Dharmen told the presspersons that parking solutions range from a 2-car unit for bungalows and individual residences to a 50-car module for shopping malls and commercial complexes. One of the modules, the tower parking system, can provide parking for up to 50 cars in a space of 450 sq ft, which otherwise can accommodate three cars. The modules are manufactured in technical collaboration with Dae Jin, a South Korea-based manufacturing firm, and at a facility near Mumbai. Mr Gopal Kabra, President, Ram Ratna Group, said that an investment of Rs 5 crore went into the facility, which has a manufacturing capacity of 12,000 cars per year.
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