Corporate news

Our Bureau Coimbatore | Updated on February 24, 2011 Published on February 24, 2011

Alembic Ltd's petition for approval of Scheme of Arrangement in the nature of demerger and transfer of its pharmaceutical undertaking as a going concern to Alembic Pharma Ltd, and consequential re-organisation of its share capital has been sanctioned by the High Court of Gujarat.

GVK Power and Infrastructure Ltd has said that GVK Bagodara Vasad Expressway Private Ltd, a step down subsidiary, has signed a concession agreement with Gujarat State Road Development Corporation for six-laning of existing three lanes of Bagodara-Wataman-Tarapur-Vasad Road Project (state highway No 8, Km 0/0 to Km 101/9) in Gujarat on BOT basis.

The concession agreement is for 27 years including construction period of 30 months.

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Published on February 24, 2011
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