www.infystocks.co.uk

10 October 2007

REL==रेल

A consortium led by Anil Dhirubhai Ambani owned

Reliance Energy Limited (REL)

has bagged the Rs. 6,000 crore trade tower project in Hyderabad entailing construction of the tallest building in the country.

The project, awarded by the Andhra Pradesh Government, will involve development of a 100-storey building that will also have a business centre. According to company officials here, the consortium received a Letter of Award (LoA) from the Andhra Pradesh Industrial Infrastructure Corporation for the project, which involves development of over 77 acres.

The scope of the work involves design, development, funding, construction, marketing, operation and maintenance of the project, for which a special purpose vehicle (SPV) will be formed by the consortium and APIIC. The project would be completed in three phases. The trade tower on over four million sq. ft. would be set up in the first phase. The second module would comprise developing the business district on 30 acres in seven years. The development of phase II of the business district on the remaining 16.28 acres would form part of the third module, the sources said.
Relinace energy trag 1689 sl 1521

Indo Rama Synthetics Ltd (IRSL), the country's largest dedicated polyester manufacturer, is well placed to capitalise on the upturn in the polyester sector due to its timely capacity expansions. Benign raw material scenario and reduction in power costs would further catalyse margins and profitability.
Current price : Rs 61 Target price : Rs 79

Potential upside : 25%


Time Frame : 30 DAYS

by erectusplus at 02:28:00 |