Nila Infrastructures on Friday said it has received an order for ₹107 crore from the Rajasthan government to build affordable houses for people belonging to the economically weaker sections of society and those in the low-income group. The project envisages construction of about 12 lakh sq ft built-up area and has to be completed within 48 months, it said. The project will comprise a total of 3,152 residential units - 2,128 units of 325 sq ft super built-up area for EWS and 1,024 units with 500 sq ft super built-up area for LIG, it added. The stock of Nila Infrastructures gained 2.44 per cent at ₹18.90 on the NSE.

Crest Ventures on Friday informed the exchanges that it has sold 3,913 equity shares held by it in BVA Strategy Advisors Private Limited at ₹89.999 lakh to Dues Berg Bosson Financial Services Private Limited. The shares constitute 20 per cent stake in BVA, the Crest Ventures statement further added. The stock gained 0.7 per cent at ₹166.30 on the NSE while it closed at ₹172.80, up 4.73 per cent, on the BSE.

Polyplex (Thailand), a subsidiary of Polyplex Corporation , has set up a step-down subsidiary in Indonesia. On July 31, PCL had announced setting up of Polyplex (Thailand) with 51 per cent stake in its equity share capital for setting up a greenfield PET Film Line project with capacity of 44,000 tpa, alongwith an upstream resin line and downstream coating plant in Indonesia at an estimated cost of $95 million (including working capital of $15 million). It now said that on October 11, it incorporated PT Polyplex Films Indonesia for implementation of the project. Shares of Polyplex Corporation jumped 9.8 per cent at ₹511.60 on the NSE.

Related Topics
comment COMMENT NOW