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Moneycontrol.com >> Message Board >> View Messages >> Sobha Developer
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BSE Announcements on Sobha Developer (1)   24-Apr-08 16:12Tracked by (0)  
Posted by:   MMB Messenger on ( 24-Apr-08 16:12 )
Price : [Sobha Developer - BSE:Rs. 598.10 NSE:Rs. 597.95 when posted]
Sobha Developers Ltd has announced that the Company on April 24, 2008 has signed a Letter of Intent (LOI) with TUV Rheinland (India) Pvt Ltd the Indian entity of the large German Company and a leading provider of technical services worldwide to set up a joint venture with a vision to build a brand "Sobha-TUV Rheinland" which transforms the perception of clients relating to quality, safety and security serving businesses.

In the proposed joint venture TUV Rheinland and Sobha will hold equal shares. The partners shall bring their respective strengths such as technical competence in serving and securing quality, safety, security, inspections, testing and qualification training, processes and procedures, experience and capability into the new entity through increasing the benchmarking for the construction industry.

The new entity shall address Sobha as the first client and then the global industry to set standards in the construction business. It is expected that the industry will welcome this new initiative as it will substantially improve their competitiveness.
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  • 18, 17:30
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  • Rs.240.10
  •  11.05    4.82%
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  • Rs.239.40
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