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NSE Announcements on Nagarjuna Const
Posted by :
MMB MessengerNagarjuna Construction Co. Ltd has informed the Exchange regarding the press release that "Nagarjuna Construction Company Limited has secured three new orders aggregating Rs.776 crores". The details of the press release in this respect, dated July 20, 2009 shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Nagarjuna Const
Posted by : MMB Messenger
Nagarjuna Construction Company Ltd has informed BSE that a meeting of the Board of
Directors of the Company will be held on July 30, 2009, inter alia, for approving the Un-Audited Financial results of the Company for the First Quarter ended June 30, 2009 (Q1)....
BSE Announcements on Nagarjuna Const
Posted by : MMB MessengerNagarjuna Construction Company Ltd has informed BSE that the Company has secured three new orders aggregating Rs 776 crores....
Query on Nagarjuna Const
Posted by :
sujoyparui
I,Sujoy from Kolkata, want to know about Nagarjuna const as I hold this stock in my portfolio. I bought@ 139.
What is short to medium term target of this stock?
Is it worth holding or sell at this moment?...
NSE Announcements on Nagarjuna Const
Posted by : Guesthow much dividend we will get?...
NSE Announcements on Nagarjuna Const
Posted by : MMB MessengerNagarjuna Construction Co. Ltd has informed the Exchange that the dividend, which is subject to the approval of the shareholders at the ensuing Annual General Meeting scheduled to be held on July 30, 2009, shall be paid to the shareholders on or after August 04, 2009....
NSE Announcements on Nagarjuna Const
Posted by : MMB MessengerNagarjuna Construction Co. Ltd has informed the Exchange with respect to issue of 9,111,111 (Ninety One Lakhs Eleven Thousand One Hundred and Eleven) Warrants of Rs. 225/- each on preferential basis to M/s Blackstone GPV Capital Partners (Mauritius) V-H Limited that : "As the FIPB approval was not received, M/s Blackstone GPV Capital Partners (Mauritius) V-H Limited have not subscribed to the Warrants. The proposal to issue of the Warrants to M/s Blackstone GPV Capital Partners (Mauritius) V-H Limited has accordingly been dropped"....
Rs 1 lakh cr for 12,000-km road projects: Nath
Posted by : My Multibaggers
MUMBAI: The government plans to invest around Rs 1,00,000 crore to build about 12,000 kilometres of roads this year mainly through the toll-based model, with options to bring in foreign investors, Union minister for roads Kamal Nath said on Friday.
In the move to bring in foreign investors, the ministry of road transport and highways, along with ICICI Bank, is planning to conduct international road shows in Asia, Europe and the US.
Speaking at a conference in Mumbai, Mr Nath said: “Road projects in the country require around Rs 2,00,000 crore over the next three years for which we are considering innovative financing instruments that will fund road projects and attract domestic and foreign investors.”
Efforts are also being made to involve all possible investment channels, including pension funds, sovereign wealth funds, equity funds, besides funds from banks. The minister has already announced measures to boost road and highway connectivity—at the rate of 20 km daily—to India’s existing road network of 34 lakh kilometres.
However, Mr Nath ruled out the possibility of forming Road Financing Corporation on the lines of Power Financing Corporation, unless it provided substantial benefits for solving investment-related problems of the road sector.
The priority of the government is to have 60% of the projects on the toll-based revenue model, while the remaining would be on annuity and engineering-procurement-construction contract models.
Mr Nath said the prime focus will be on toll-based model for these road projects and would build specialised tolling companies, similar to that in developed countries.
Referring to the issue of land acquisition—a sticky area in various states—Mr Nath said the land acquisition process has not been efficient and has been one of the biggest challenges for completion and cost overruns.
Mr Nath said the National Highway Authority of India will invite bids only for those projects for which 80% land has been acquired. The minister also warned that projects stuck on continued land acquisition front could be abolished and asked state chief ministers to support road development projects.
(Source: ET)...
news
Posted by : yogeshmtiwariGovt aims at 9 percent growth: RBI 11 Jul 2009, 1938 hrs IST, IANS MUMBAI: Reserve Bank of India (RBI) Governor D Subbarao has expressed optimism that India will soon return to a high economic growth of 9 per cent, even as he ruled out the spectre of deflation in the country, when low inflation is accompanied by low industrial output. "For me, the single most important objective is returning the economy to a high growth path," Subbarao said in an interview to the London-based Central Banking Publications that was posted on the RBI website. "The challenge for the Reserve Bank will be to create the stage for a 9 per cent growth in an environment of price and financial stability," he said. "Higher growth in India cannot be meaningful unless the gains of growth are distributed more widely." The central bank governor acknowledged that there was concern over deflation in India, especially since the annual inflation rate based on wholesale prices had turned negative a few weeks ago. Deflation refers to a reduction in aggregate level of demand, which results in falling prices of goods. Such a situation discourages manufacturers from producing goods and intensifies the recessionary cycle in the economy. "It is important for the central bank to communicate the message that this is not a structural deflation and that what we are seeing is purely statistical in its nature," he said. "Our negative inflation does not reflect a demand constraint. Far from it. We are a supply-constrained economy, not demand constrained." During the course of the interview, Subbarao admitted that the much touted "decoupling theory", which predicted that emerging economies would continue to grow even while advanced countries went into recession, was not accurate. "The decoupling theory was never totally persuasive in a globalising world and its credibility has been seriously dented by the events of the past few months," said Subbarao. "If the downturn in advanced economies is relatively mild, then emerging economies could do enough through policy responses to insulate their economies. But if the downturn is severe, they will be impacted, of course differently in different economies," he added. The governor also sought to dispel the notion that India`s central bank was not doing as much as other central banks around the world in the context of the economic crisis. "Countries have had to respond to the specific situation in their countries," said Subbarao. "In the advanced economies, the transmission of the crisis has been from the financial sector to the real sector. In contrast, in a number of countries including India, the transmission of the crisis has been from the real sector to the financial sector and iterations thereon." economic times......
Maytas probe: Other infra firms under RoC scanner too
Posted by : yogeshmtiwarithis all alleged metters will sort out soon. corporates are exeperts to deel with such cases. don`t worry. belive in indias latest infrastructure story. another unconfirmed news that mukesh ambani eyes to undertake nagarjuna group. ...
news
Posted by : yogeshmtiwari
India may take more steps to make cheaper and adequate funds available to the private sector, while ensuring the government`s record-high borrowing plan proceeds smoothly, the finance minister said on Saturday.
Pranab Mukherjee said the country aims to return to the higher growth of past years, for which the government has outlined a spending plan of 10 trillion rupees ($205 billion) for the year to March 2010, largely funded through debt.
Markets were spooked after the government on Monday announced a 4.51-trillion-rupee borrowing plan for 2009/10, 14 percent higher than a Reuters poll forecast and about a quarter higher than cited in an interim budget in February.
Analysts and industry groups are worried the government`s heavy borrowing would crowd out private firms and undermine the impact of the central bank`s rate cuts since October.
`But we will manage it with the cooperation and support and competence of the RBI (Reserve Bank of India) and there should not be any apprehension that the private sector would be crowded out,` Mukherjee said after meeting central bank board members.
`We will meet the requirements of the private sector from the market and government`s borrowing will also be managed in such a manner that there is no disruption in the market in favour of the government and starving of the private sector.`
HIGH BORROWING COSTS
High borrowing costs and then a global financial crisis have hit Asia`s third largest economy harder than expected with the growth rate moderating to 6.7 percent in 2008/09, from 9 percent or more in the previous three years.
The central bank has also aggressively cut its key lending rate by 425 basis points and injected liquidity in the financial markets between October and April, while the government slashed duties and stepped up spending to stimulate a slowing economy.
But government borrowing plans have partially offset the impact of rate cuts, keeping bond yields firm and preventing commercial banks from lowering lending rates in tandem with the RBI.
Mukherjee said there was `no inherent contradiction` between the monetary and fiscal policies.
Asked if there was room for more rate cuts, Mukherjee said: `As and when situation will require, appropriate action will be taken. But what appropriate action will be taken and at what time, is not predictable.`
Policy makers now say the economy could grow by 7 percent in 2009/10, with a revival in domestic demand and a global recovery by the end of this year.
`Obviously, I choose to come back to the path of a higher growth trajectory and that private investment cannot be expected to meet the full requirement in the immediate future,` Mukherjee said.
`That is why it was decided to step up the public expenditure and it had to be dependent heavily on a larger borrowing.`
The government plans reforms affecting subsidies, taxes and stake sales to cut its fiscal deficit in coming years.
Editing by Anthony Barker
By Rajkumar Ray, NEW DELHI, July 11 (Reuters)
Released 13:48 11-Jul-2009
Number AFX.ndel508173
web : londonstockexchange dot com
Copyright Thomson Reuters 2009.
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news
Posted by : yogeshmtiwari
India can sustain 8-9% growth: PM
PTI
On Board PM`s Aircraft: Notwithstanding the uncertainty surrounding the global economic recovery, Prime Minister Manmohan Singh said India should be able to sustain a growth rate of 8-9%.
He said he was confident India would come out of the crisis stronger but the road ahead was also going to be difficult to traverse.
"It is not going to be easy but I am convinced that with India`s savings rate, which is as high as 35% and a normal capital output ratio of 4:1, we should be able to sustain, with a little bit effort, a growth rate of about 8-9% notwithstanding the difficulties on the international front," Sing told reporters accompanying him on his way back home from a four-day visit to Italy.
Against the backdrop of the world attempting a recovery from the recession caused by the financial crisis in the heart of the developed world, he said he had discussions with the leaders of G-8 and G-5, Egypt and African countries.
"After our discussions, it is my sense that while there are some signs of recovery, the world economy is still a long way from recovering the earlier growth momentum and there must be questions whether that will soon be possible for the global economy," he said.
Prime Minister said he was returning home convinced that India must continue to strengthen steps at home to regain the 8-10% growth path.
source utvi news...
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news
Posted by : yogeshmtiwari
Govt forms cabinet panel on infra
PTI
NEW DELHI: In order to give a push to economic activity, the government today constituted the Cabinet Committee on Infrastructure (CCI) to fast track the implementation of infrastructure sector projects and monitor their performance. The 12-member committee will be headed by Prime Minister Manmohan Singh.
"The constitution of the high-powered Committee comes in the wake of government`s focus on infrastructure, which has been identified as a key priority area," an official release said.
The functions of the Cabinet Committee on Infrastructure will be to consider and take decisions in respect of all infrastructure related proposals costing over Rs 150 crore
specifically those concerning energy, railways, roads and national highways, ports, airports, telecommunications, information technology , irrigation, housing and urban development with particular emphasis on rural housing and urban slum clearance.
It will consider and decide fiscal, financial, institutional and legal measures required to enhance investment in the sector including grant of requisite approvals to facilitate private sector investment in specific projects, and laying down annual parameters and targets for performance of all infrastructure sectors and review the progress of the projects.
Besides the Prime Minister, Union Ministers Pranab Mukherjee, Sharad Pawar, Mamata Banerjee, Sushil Kumar Shinde, Farooq Abdullah, Jaipal Reddy, Kamal Nath, A Raja, C P Joshi, Selja, G K Vasan and Pawan Kumar Bansal are the members of the committee.
Montek Singh Ahluwalia, deputy chairman, Planning Commission, Prithviraj Chavan and Praful Patel will be special invitees to the committee.
source : utvi news
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Maytas probe: Other infra firms under RoC scanner too
Posted by : MMB MessengerThe allegations which Registrar of Companies (RoC) is making is that the company deliberately misrepresented their equity participation or shareholding pattern in order to bag the projects from the respective state governments....
target
Posted by : 2_cool_dudePlease consult an astrologer for changes in 2-3 days....
