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April 04, 2008

BuildArch 2008 and Build Up 2008 Announced in Mumbai | INRnews

Bangalore, India, April 04, 2008 - Bangalore International Exhibition Centre (BIEC), The Confederation of Indian Industry (CII) and Deutsche Messe, Hannover, Germany (DMAG) have announced the institution of BuildArch 2008 and Build Up 2008, India's Comprehensive International Exhibition and Conference scheduled to be held in October at the Bangalore International Exhibition Center (BIEC), Bangalore. The event to be held from 21st - 24th October 2008 has been envisaged as India's most Comprehensive International Exhibition and Conference on Architecture, Building and Construction, Property Investments and Development Opportunities on a global scale. This is the first time that these three organisations have joined hands to conduct an exhibition.

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April 03, 2008

Builders protest against steep hike in steel prices | INRnews

Mumbai, India, April 03, 2008 - 'The Builders’ Association of India (BAI), an All India Association of Engineering Construction Contractors, today strongly protested against the  unprecedented rise of over 32 per cent in price of steel  in the last three months and expressed doubts about completion of time-bound projects connected with Commonwealth Games-2010 and other projects.

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April 02, 2008

Era Infra secures construction orders | INRnews

Mumbai, India, April 02, 2008 - Era Infra Engineering Ltd has announced that the Company has secured an order valued at approximately Rs 4 crore from Jeet builders Pvt Ltd for supply of Ready Mix Concrete (RMC) for the construction of multi storied residential complex at Greater Noida.

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Era Infra secures construction orders | INRnews

Mumbai, India, April 02, 2008 - Era Infra Engineering Ltd has announced that the Company has secured an order valued at approximately Rs 4 crore from Jeet builders Pvt Ltd for supply of Ready Mix Concrete (RMC) for the construction of multi storied residential complex at Greater Noida.

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Era Infra secures construction orders | INRnews

Mumbai, India, April 02, 2008 - Era Infra Engineering Ltd has announced that the Company has secured an order valued at approximately Rs 4 crore from Jeet builders Pvt Ltd for supply of Ready Mix Concrete (RMC) for the construction of multi storied residential complex at Greater Noida.

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March 31, 2008

L&T E&C division bags Rs 576cr order from HPCL | INRnews

Mumbai, India, March 31, 2008 - Larsen & Toubro (L&T) India’s leading engineering, technology and construction company, has been awarded a Rs 576 crore order by Hindustan Petroleum Corporation Limited (HPCL).

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L&T E&C division bags Rs 576cr order from HPCL | INRnews

Mumbai, India, March 31, 2008 - Larsen & Toubro (L&T) India’s leading engineering, technology and construction company, has been awarded a Rs 576 crore order by Hindustan Petroleum Corporation Limited (HPCL).

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March 24, 2008

Nagarjuna Construction & Maytas Infra partner with Paschal-Werk G. Maier GmbH, Germany to establish a state-of-the-art Formwork Factory in Vizag | INRnews

Visakhapatnam, India, March 24, 2008 - Nagarjuna Construction Company Ltd has announced that the Company and Maytas Infra Ltd, two of India's leading Construction and Infrastructure Companies, on March 24, 2008 announced that they have together entered into a partnership with Paschal-Werk G.Maier GmbH, which is one of the World's leading Formwork (shuttering) Companies from Germany, to establish a factory in Vizag which will manufacture Formwork (Modular Shuttering Systems).

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March 23, 2008

GMR Infrastructure - GMR-Limak-MAHB Consortium signs Implementation Agreement for Istanbul International Airport | INRnews

New Delhi, India, March 23, 2008 - GMR Infrastructure Ltd has announced that the winning consortium of GMR Infrastructure Ltd (GMR), Limak Insaat San.Ve Tic. A.S(Limak) and Malaysia Airports Holding Berhad (MAHB) signed the Implementation Agreement with the Turkish Government's Ministry of Defence on March 20, 2008 for Istanbul Sabiha Gokcen International Airport (SGIA) in Turkey.

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March 05, 2008

Nagarjuna Construction secures three new orders | INRnews

Mumbai, India, March 05, 2008 - Nagarjuna Construction Company Ltd has announced that the Company has secured three new orders aggregating Rs 424 crores. The first order valued at Rs 266 crores is secured from the Commissioner, Indore Municipal Corporation, Indore for construction of Sewerage System & allied works to be completed over a period of 36 months. The second order is from the MMRDA (Mumbai Metropolitan Region Development Authority), Mumbai, Maharashtra for construction of Flyovers on Dr. Babasaheb Ambedkar Marg valued at Rs 112 crores to be completed over a period of 18 months and the third order valued at Rs 46 crores is secured from the Volkswagen India Pvt Ltd., Chakan, MIDC, Pune, Maharashtra for construction of Body Shop hall to be completed over a period of 12 months.

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January 29, 2008

Unity Infraprojects wins Rs 125 crore contract | INRnews

Hyderabad, India, January 29, 2008 - Unity Infraprojects Ltd has announced that the Company has received the "Notification of Award" through the Hospitals Services Consultancy Corporation on behalf of Ministry of Health & Family Welfare, Government of India and Nizam Institute of Medical Sciences, Hyderabad, for "Construction of Speciality Hospital and Accident (Trauma) & Emergency Hospital for upgradation of Nizam Institute of Medical Sciences, Hyderabad". The Contract Value is Rs 125.90 crores to be completed in a period of 15 months.

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January 21, 2008

Nagarjuna Construction wins Rs 502 crore projects | INRnews

Hyderabad, India, January 21, 2008 - Nagarjuna Construction Company Ltd (NCC) has recently bagged six new orders valued at Rs 502 Crores as per details given below :

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Unity Infraprojects wins Rs 102 crore construction project in Pune | INRnews

Pune, India, January 21, 2008 - Unity Infraprojects Ltd has announced that the Company has received the Letter of Intent dated January 16, 2008 from Magarpatta Retail Pvt Ltd for Civil Construction works of the proposed building for Magarpatta Retail Mall Project at Magarpatta City, Hadapsar, Pune. The Contract Value is Rs 102.14 crores (exclusive of VAT (WCT) & service tax) and the project is to be completed with 9.5 months from commencement of work.

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January 10, 2008

L&T bags orders of over Rs 3500 crore | INRnews

Larsen & Toubro’s (L&T) Construction Division has recently secured orders on Design and Build/Turnkey basis from leading Developers/ Owners. Prominent amongst these include Rs. 2000 crore orders from M/s. Kingston Properties Pvt. Limited for construction of various office & residential buildings in Mumbai, to be developed in a span of 4 years.

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Supreme Infra bags Rs 71.99cr contract from Thane Coporation | INRnews

Mumbai, India, January 10, 2008 - Supreme Infrastructure India Ltd (SIIL), an infrastructure development company engaged in civil construction activities, has bagged a building construction contract worth Rs 71.99 crores from Thane Municipal Corporation (TMC). This is in Joint Venture with M/s. Chawla Interbild. This work of construction of RCC building in Thane City (Tulsidham) is part of BSUP scheme. The contract will be executed in a period of 18 months.

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December 28, 2007

Unity Infraprojects wins mall project in Kurla, Mumbai | INRnews

Mumbai, India, December 28, 2007 - Unity Infraprojects Ltd has announced that the Company has received the Letter of Intent from Offbeat Developers Pvt Ltd, Mumbai for Civil Construction Work for construction of Mall named Market City, at Kurla, Mumbai. The Contract Value of the Project is Rs 57.41 crores (Rupees Fifty Seven Crores and Forty One Lakhs Only) excluding the cost of concrete and it is to be completed within 15 months.

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December 27, 2007

Akruti-DLF Bags Prestigious BAI Universal Award 2007 | INRnews

Mumbai, India, December 27, 2007 - DLF Akruti Info Parks (Pune) Ltd., a joint venture SEZ project between Akruti City Ltd. and DLF has bagged the prestigious ‘BAI Universal Award 2007 for Best Equipped and Mechanized Site’. The joint venture SEZ project, currently under construction at the Rajiv Gandhi Infotech Park, Phase II, Hinjewadi, was identified for the award.

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December 19, 2007

Simplex Infrastructures - Rs 400 crore equity issue | INRnews

Mumbai, India, December 19, 2007 - Simplex Infrastructures Ltd has announced that the Board of Directors of the Company has approved allotment of 64,00,000 equity shares of Rs 2/- at Rs 625/- each amounting to Rs 400 crores to the Qualified Institutional Buyers under QIP. This new issue accounts for 13% of the expanded capital.

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December 17, 2007

Omaxe bids for projects in Delhi and Noida | INRnews

New Delhi, India, December 17, 2007 - Omaxe Ltd has announced that the Company has, on December 15, 2007, through a consortium comprising of its wholly owned subsidiary M/s. Omaxe Infrastructure & Construction Pvt Ltd and M/s. GVK Power & Infrastructure Ltd, submitted a Bid / RFQ with The National Highway Authority of India (NHAI) to undertake development of Badarpur Highway Elevated Project (consisting of construction of elevated Road of 4.4 kms in the Delhi Agra Section) through Private Participation on 'Build, Operate and Transfer' (BOT) basis.

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December 07, 2007

Parsvnath Developers awarded construction contract in Uttar Pradesh | INRnews

New Delhi, India, December 07, 2007 - Parsvnath Developers Ltd has announced that the Company has been awarded a contract for construction and development of Footwear Design & Development Institute at Fursatganj, Rae bareli, Uttar Pradesh (FDDI) by FDDI, Ministry of Commerce, Government of India, A-10A, Sector 24, Noida — 201 301 worth Rs 47 Crores, approximately and the scheduled date of completion would be end November, 2008.

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December 04, 2007

India will rein in runaway cement prices: minister | INRnews

New Delhi, India, December 04, 2007 - The government will not allow cartelisation of cement prices and will take necessary measures to control them, Minister of State for Industries Ashwani Kumar said Tuesday.

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J Kumar Infraprojects to enter capital market | INRnews

Mumbai, India, December 04, 2007 - J. Kumar Infraprojects Limited (the "Company"), an ISO 9001:2000 certified civil engineering and infrastructure development company with a primary focus on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport runways, has filed its Draft Red Herring Prospectus ("DRHP") with the Securities and Exchange Board of India ("SEBI"). It will enter the capital market soon with an Initial Public Offering ("IPO") of 65,00,000 equity shares of Rs 10 each for cash at a price ("Equity Shares") to be decided through a 100% book-building process.

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November 29, 2007

3i India Infra Fund to invest US$101m in Soma Enterprise | INRnews

Hyderabad, India, November 29, 2007 - 3i India Infrastructure Fund (the “Fund”), an investment fund established by 3i Group plc (“3i”), a leading global private equity and venture capital company, has invested US$101 million for a minority stake in Soma Enterprise Limited (“Soma”), a Hyderabad-based engineering and construction firm. Company director Ankineedu Maganti and his family will maintain a large majority stake in the business.

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November 24, 2007

Simplex Infra bags Rs 580cr worth ICTT project at Kochi | INRnews

Kochi, India, November 24, 2007 - Simplex Infrastructures Ltd., one of India’s leading infrastructure solutions providers, today, has been awarded the largest marine project, ICTT Kochi Phase 1A Civil Works, at Kochi by DP World. The project is worth Rs. 580 crore and is proposed to be completed within a period of 24 months.

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November 20, 2007

Leighton International appoints President of its Indian operations | INRnews

New Delhi, India, November 20, 2007 - Leighton International has announced the appointment of Vineet Mohan as President of its operations in India.

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November 17, 2007

India poised to emerge as manufacturing hub for ECE | INRnews

Bangalore, India, November 17, 2007 - India is poised to emerge as a global manufacturing hub for Earthmoving and Construction Equipment industry and a centre for design and R & D for ECE Industry.   This was reverberated during EXCON 2007 Conference on opportunities and challenges in the ECE Industry organized by the Confederation of Indian Industry (CII) in association with the Indian Earthmoving & Construction Equipment Association Ltd (IECIAL).

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November 15, 2007

Simplex Infrastructures wins road contracts worth Rs 680 crore | INRnews

Mumbai, India, November 15,  2007 - Simplex Infrastructures Ltd has announced that it has bagged two contracts aggregating Rs 680 crore for design and construction of eastern freeway from Museum to Anil Panjarapole Link Road and for design and construction of flyover on D r. Babasaheb Ambedkar Road under Package II.

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L&T-Paul Wurth consortium bags Rs 580 crore order from SAIL | INRnews

Chennai, India, November 15, 2007 - L&T Ltd has announced that the company in consortium with Paul Wurth has bagged a Rs 580.74 crore order from SAIL for upgradation of blast furnace No 2 at Bokaro Steel Plant on a turnkey basis. The project is to be completed in 21 months.

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November 14, 2007

Indian earthmoving & construction equipment (ECE) industry to grow 5-fold by 2015 : Mckinsey | INRnews

Bangalore, India, November 14, 2007 - Indian Earthmoving and Construction Equipment Industry (ECE), is at a watershed in its evolution and set to experience strong growth, spurred by the nation’s rapid economic development. According to the study, ECE Vision 2015: Scaling new heights in the Indian Earth Moving and Construction Equipment Industry, conducted by leading management consulting firm, McKinsey & Company, for CII, IECIAL, released today at the CII Excon 2007 in Bangalore, the Indian ECE industry has the potential to grow fivefold from its current size of US$2.3 billion to approximately US$12–13 billion by 2015, growing at 24% CAGR.

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CII EXCON 2007 – Asia's 3rd largest expo on construction equipment industry inagurated | INRnews

Bangalore, India, November 14, 2007 - "Karnataka has always been at the forefront of industrial growth in India. With its inherent capabilities coupled with its enterprising citizens, the State provides the ideal choice for investment opportunities", said   H.E. Mr Ramehswar Thakur, Governor of Karnataka while delivering the Inaugural Address at Excon 2007 - India's largest construction equipment and construction technology trade fair being organized by the Confederation of Indian Industry (CII) between 14-18 November 2007 at the Bangalore International Exhibition Centre, Bangalore.

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November 13, 2007

National Buildings Construction Corporation turnover Rs 1514 crore in 2006-07 | INRnews

New Delhi, India, November 13, 2007 - The National Buildings Construction Corporation Ltd (NBCC) has grown to become the big Public Sector Company having a recorded turnover of Rs. 1514 crore for the financial year 2006-07. This was stated by Shri S.Jaipal Reddy, Urban Development Minister at a meeting of the Parliamentary Consultative Committee attached to his Ministry here today. The subject of discussion was NBCC. Shri Reddy said that while improving its performance consistently, NBCC has paid back maiden dividend to the Government. NBCC has also been awarded: The top ten PSU Award for 2004-05 and 2005-06 and the best turn around company Award by the Prime Minister of India.

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November 05, 2007

Satyam's InfoCity Campus wins the prestigious ICI Award for Outstanding Concrete Structure 2007 | INRnews

Hyderabad, India, November 05, 2007 - In keeping with World Concrete Day cerebration, the Indian Concrete Institute (ICI) AP conferred ICI-AP Hyderabad – UltraTech Endowment Award for outstanding Concrete Structure - 2007 on Satyam’s InfoCity Campus. Located at Hitech City in Hyderabad, it is considered outstanding in architectural design, structural design and workmanship.

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November 01, 2007

Ashoka Buildcon Ltd. becomes the first Indian infra company to get the prestigious IMS international certification | INRnews

Mumbai, India, November 01, 2007 - Ashoka Buildcon Limited (ABL), a renowned infrastructure developer with a track record of over 25 years, has achieved the distinction of becoming the first Indian infrastructure construction firm to receive the prestigious Integrated Management Systems (ISO 9001:2001, ISO 14001:2004 & 18001-1999) certificate (IMS) from International Standards Certification Pty., Australia, covering all business operations, which includes all BOT (build-operate-transfer), EPC (engineering procurement construction) projects, RMC (ready mixed concrete) plants and Toll operations.

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October 31, 2007

Punj Lloyd registers strong growth in turnover for H1FY08 | INRnews

New Delhi, India, October 31, 2007 - Punj Lloyd Limited (PLL), a global EPC services provider in energy and infrastructure domains has recorded spectacular performance with consolidated income of Rs 3,342.66 crore for the first half of the FY 08; an increase of 65.27% as compared to Rs 2,022.55 crore in the corresponding previous period. On a consolidated basis, EBITDA for H1FY08 improved to Rs 341.17 crore; an increase of 122.39% as compared to Rs 153.41 crore in the corresponding previous period. Net profit for the H1FY08 was at Rs 148.91 crore as against Rs 59.83 crore in H1FY07. The basic earnings per share (EPS) (not annualized) for H1FY2008 stood at Rs 5.56.

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Punj Lloyd registers strong growth in turnover for H1FY08 | INRnews

New Delhi, India, October 31, 2007 - Punj Lloyd Limited (PLL), a global EPC services provider in energy and infrastructure domains has recorded spectacular performance with consolidated income of Rs 3,342.66 crore for the first half of the FY 08; an increase of 65.27% as compared to Rs 2,022.55 crore in the corresponding previous period. On a consolidated basis, EBITDA for H1FY08 improved to Rs 341.17 crore; an increase of 122.39% as compared to Rs 153.41 crore in the corresponding previous period. Net profit for the H1FY08 was at Rs 148.91 crore as against Rs 59.83 crore in H1FY07. The basic earnings per share (EPS) (not annualized) for H1FY2008 stood at Rs 5.56.

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October 30, 2007

Era Constructions awarded Rs 81 crore Indian Oil contract | INRnews

Mumbai, India, October 30, 2007 - Era Constructions India Ltd has announced that Era Infra Engineering Ltd (Construction Division) has been awarded Civil and Structural Works of HDPE unit, Panipat Naptha Cracker Project by Indian Oil Corporation Ltd at Panipat, Haryana on October 25, 2007 valuing Rs 81,75,17,629.

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October 26, 2007

Hindustan Construction receives Rs 983 crore of new orders | INRnews

New Delhi, India, October 26, 2007 - Hindustan Construction Company Ltd has announced that it has received three major orders in transportation and water sector worth Rs 983 crores. These include Rs 774.64 crore (HCC share Rs 256 crore) order of construction of two underground stations and a tunnel between New Delhi and Talkatora Garden stations from Delhi Metro Rail Corporation and two projects from BMC for water tunnel construction worth Rs 727 crores.

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October 18, 2007

GMR Infrastructure net operating revenues up 26 % in Q2 FY 2008 | INRnews

Bangalore, India, October 18, 2007 - GMR Infrastructure Limited (GIL), India’s premier infrastructure bell weather company announced its financial results for the first half year and second quarter ended September 30, 2007 today. Commenting on the results Mr. G.M. Rao, Group Chairman, said “Our numbers are growing as per expectations. The present results reflect only a small aspect of the true operating potential of our assets and as more of our businesses are operationalised to optimum capacity, we are confident of posting substantial growth in performance, thereby resulting in continued value accrual for all our stakeholders. However, we continue to consolidate our position as an innovative Infrastructure player, moving in rapidly to identify domestic as well as international investment opportunities.”

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October 04, 2007

Lanco Infratech bags Rs 73 crore Tirupati Tirumala Devasthanams construction project | INRnews

Hyderabad, October 04, 2007 - Lanco Infratech Limited – Construction Division has bagged a work order of Rs 730 million from Tirupati Tirumala Devasthanams, Tirupati for construction of Sri Venkateswara Vedic University at Alipiri, Tirupati.  The project has to be completed within 24 months.

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September 28, 2007

Nagarjuna Construction secures three new orders worth Rs 243 crore | INRnews

Hyderabad, India, September 28, 2007 - Nagarjuna Construction Company Ltd has announced that the Company has bagged three new orders totaling Rs 243 crores.

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September 27, 2007

Tantia Constructions wins Rs 102 crore projects | INRnews

Mumbai, India, September 27, 2007 - Tantia Constructions Ltd has announced that the Company has received the following prestigious prestigious projects in the month of July and August, 2007:-

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September 19, 2007

Nagarjuna Construction bags Rs 1,558 crore EPC contract | INRnews

Mumbai, India, September 19, 2007 - Nagarjuna Construction Company Ltd has announced that the Company in consortium with M/s. POSCO E & C of South Korea has bagged an EPC Contract valued at Rs 1,558 crores from Steel Authority of India Ltd for IISCO Steel Plant at Burnpur, West Bengal.

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September 17, 2007

Nagarjuna Construction secures new orders totaling Rs 150 Crores | INRnews

Mumbai, India, September 17, 2007 - Nagarjuna Construction Company Ltd has announced that the Company has bagged new orders totaling Rs 150 crores. Out of this, the major order comprise of a project for construction of IV Phase Bridges in Karnataka for Karnataka Road Development Corporation Ltd (KRDCL) valued at Rs 109 crores and Construction of Water Treatment Plant for Ahmedabad Municipal Corporation, Ahmedabad valued at Rs 32 crores.

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September 11, 2007

Nagarjuna Construction secures new orders totaling Rs 272 crores | INRnews

Mumbai, India, September 11, 2007 - Nagarjuna Construction Company Ltd has announced that the Company has bagged new orders totaling Rs 272 crores. Out of this, the major orders comprise of a project for construction of Shell and Core in SEZ Infocity in Hyderabad for Satyam Computer Services Ltd valued at Rs 96 crores and Civil Works for Construction of Mall for Market City Mumbai project in Mumbai for Offbeat Developers valued at Rs 60 crores.

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September 07, 2007

CII organizes mega event on Green Buildings at Chennai | INRnews

Chennai, India, September 07, 2007 - CII – Sohrabji Godrej Green Business Centre is organizing its 5th edition of India’s flagship event on Green Building the “Green Building Congress” at the Chennai Trade Centre in Chennai. There are more than 800 participants including high profile architects, senior consultants, builders, contractors along with facility management groups, corporate, government representatives and institutions who are seeking active participation in the Congress.

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August 28, 2007

Nagarjuna Construction Company Limited raises US $150 million from The Blackstone Group | INRnews

Hyderabad, India, August 28, 2007 – Nagarjuna Construction Company Limited, a leading Indian construction company, today announced that its Board of Directors has approved an investment of US$ 150 million by The Blackstone Group funds. NCC will raise US$ 150 million through a fresh issue of shares and convertible warrants. Blackstone will have representation on the Board of NCC. Kotak Investment Banking and SSKI acted as the investment banking advisors to the Company and Blackstone, respectively, in the transaction.

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August 25, 2007

ITD Cementation bags Rs 893cr Delhi Metro Rail contract | INRnews

New Delhi, India, August 25, 2007 - ITD Cementation India Ltd in joint venture with its promoter, Italian-Thai Development Public Co. Ltd, Thailand has been awarded Letter of Acceptance for a Rs.893 Crore contract from Delhi Metro Rail Corporation.

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August 23, 2007

Holcim plans to increase its stake in Ambuja Cements | INRnews

Mumbai, India, August 23, 2007 - Holcim plans to further expand its 32.3 percent stake in the Indian Group company Ambuja Cements Ltd (ACL) and acquires from the founding families another 3.9 percent of ACL at INR 154 per share corresponding to approximately USD 220 million. The purchase is subject to the approval of the Reserve Bank of India. The families will continue to hold a stake in ACL. They will stay closely engaged with Holcim and the company, and will further support the growth and development of Holcim's position in India. Suresh Neotia will continue as Chairman and Narotam Sekhsaria as Vice Chairman on the Board of Directors of ACL and will play a significant role for the benefit of the company.

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