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Moneycontrol.com >> Message Board >> View Messages >> Forbes Gokak
   You are here :     Moneycontrol     MMB      Stocks      Forbes Gokak
BSE Announcements on Forbes Gokak (2)   02-May-08 10:22Tracked by (0)  
Posted by:   MMB Messenger on ( 02-May-08 10:22 )
Price : [Forbes Gokak - BSE:Rs. 501.10 NSE:Rs. when posted]
Forbes & Company Ltd has informed BSE that a Consortium of the Companies, that includes Forbes & Company Ltd has received a Letter of Intent issued by Gujarat Maritime Board, Gandhinagar, Gujarat, granting the right to develop Simar Port for commercial use on Build — Own — Operate — Transfer basis.

The Companies in the Consortium are —

1. Shapoorji Pallonji & Co. Ltd - Lead Promoter

2. Afcons Infrastructure Ltd

3. Forbes & Company Ltd (Formerly known as Forbes Gokak Ltd)

As per the conditions of the Letter of Intent the Lead Promoter has to prepare and submit a detailed Project Report within 12 months of issue of the Letter of Intent and obtain all environment clearances, coastal regulation zone clearances and effective financial closure and all such. other clearances and permissions within 18 months of issue of the Letter of Intent.
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