Ramky Infrastructure gains 14 per cent on bagging NHAI contract worth Rs 700 crore
Posted on 30th August 2016 |
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| Ramky Infrastructure shares gained nearly 14 per cent in early trade on Tuesday after it along with Ashoka Buildcon bagged a contract for building two highway projects in Jharkhand worth Rs 1,646 crore by National Highways Authority of India (NHAI). Both the projects are related to widening of a road stretch on NH 32 and NH 33. Ramky Infrastructure shares were trading 7.62 per cent up at Rs 80.50 at 10.34 am. The scrip opened at Rs 84.05 and touched a high and low of Rs 85.15 and Rs 80.30, respectively. Sensex was trading 218.08 points up at 28,120.74. “The National Highways Authority of India (NHAI) has issued Letter of Award (LOA) for development of 2/4 laning of Govindpur (Rajgunj)-Chas-JH/WB Border under NHDP Phase-IV” to Ashoka Buildcon to be built at a cost of Rs 946 crore,” NHAI said in a release. It said the other project for “four-laning of Barhi-Hazaribagh section under NHDP phase-III for 41 km” to built at a cost of Rs 700 crore has been awarded to Ramky Infrastructure Ltd. Both the projects would be undertaken on engineering, procurement and construction (EPC) mode and the scheduled time of completion is two years. The project will have four railway-over-bridges, 1 railway-under-bridge and 5 km long bypass for Maheshpur town. The project corridor passes through two important industrial districts i.e. coal mining hub of Dhanbad and steel city of Bokaro. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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