Aqua Logistics subsidiary starts operations in Middle East

Aqua Logistics said its subsidiary in Sharjah and Jumeriah free trade zone has started operations in the Middle East market to provide integrated end-to-end supply chain services.

The company expects business of around Rs80 crore and profit of Rs6-Rs8 crore in next year from these operations.

On Wednesday, Aqua Logistics shares declined 3% to Rs56 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.7% to 20,543 points.

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Shree Renuka Sugars gets letter of intent to supply ethanol

Shree Renuka Sugars Ltd said it received letter of intent for supply of 118 million litres of ethanol from oil marketing companies.

The company would supply ethanol to Indian Oil Corp Ltd, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd in Karnataka, Andhra Pradesh, Kerala, Goa and Maharashtra for one year.

On Wednesday, Shree Renuka Sugars shares ended 0.4% up at Rs86 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.7% to 20,543 points.

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Reliance Infra starts work on Pune-Satara highway

Reliance Infrastructure Ltd, a unit of Anil Dhirubhai Ambani Group, said it started operations of its third road project measuring 140km on the Pune-Satara highway.

Reliance Infra has won the project from National Highway Authority of India. The scope of work includes design, engineering, finance, construction, operation and maintenance for the six-laning of Pune-Satara road in Maharashtra under the National Highways Development Project (NHDP) Phase-V programme.

The company will operate and maintain the existing four-lane road and collect toll thereon. Besides widening the road to a six-lane stretch, it will develop 244km of service road, build 49 grade separated structures, 58 bridges and upgrade two existing toll plazas, at an estimated cost of Rs1,984.8 crore.

The toll points will be refurbished to toll plazas reducing traffic bottlenecks at these points by 80%. The company will also introduce medical, first aid at the toll plazas and patrolling services to provide emergency relief.

On Wednesday, Reliance Infra shares ended 0.6% up at Rs1,120 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.7% to 20,543 points.

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