Markets info for Monday, Feb 21

Nitesh Estates Ltd has informed BSE that the company has signed up a joint development agreement for the development of a Rs 500-crore commercial mall at Indiranagar, Bangalore. The total area of the mall will be around 1.4 million sq. ft in total. The conclusion of the agreement was pending for the last two quarters as reported in the company's quarterly result reports. Now, this agreement has been concluded.

R Systems International Ltd has informed BSE that the board of directors of the company at its meeting held on February 20, 2011, inter alia, has recommended a final dividend of Rs 2.40 per equity share (being 24 per cent on the par value of Rs 10 per share), to be appropriated from the profits for the financial year ended December 31, 2010. The proposal is subject to the approval of shareholders at the ensuing Annual General Meeting.

The board has also approved the liquidation of R Systems NV, Belgium (wholly owned subsidiary of R Systems International Ltd) subject to the required statutory and corporate approvals in India and Belgium.

Gayatri Projects Ltd has informed the BSE that the company has bagged new order from the Mizoram Government worth Rs 544.75 crore.

Ashoka Buildcon Ltd has informed BSE that the company had submitted its bid with National Highways Authority of India (NHAI) for design, build, finance and operation of six-laning of Dhankuni to Kharagpur Section of NH-6 from 17,600 to 129.000 km in West Bengal under NHDP Phase-V on DBFOT toll basis ("project"). The project is on premium basis with the concession period of 25 years and NHAI's cost of the project is Rs 1,396 crore.

At the bid opening meeting held on February 18, 2011, NHAI communicated that the company has emerged as the preferred bidder for the aforesaid project.