Ashoka Buildcon arm executes concession agreement for NHAI project

The project will carry on the business of designing, building, financing, operation and maintenance rehabilitation and upgradation of four laning of Cuttack - Angul Section of NH-42.

Ashoka Cuttack Angul Tollway, a subsidiary of Ashoka Buildcon has executed a concession agreement with National Highways Authority of India ("NHAI") on 14 March 2012, for the project to carry on the business of designing, building, financing, operation and maintenance rehabilitation and upgradation of four laning of Cuttack - Angul Section of NH-42 from Km 0.000 to Km 112.000 in the state of Orissa under NHDP Phase II to be executed as BOT (toll) on DBFOT pattern.

In the early afternoon, Ashoka Buildcon was trading at around Rs193 per share on the Bombay Stock Exchange, 1.31% up from the previous close.

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Liberty Phosphate to expand capacity to 9,24,000 MT

On implementation of capex plans, Liberty Phosphate will run at an installed capacity of 9,24,000 MT per annum of SSP as well as GSSP.

Liberty Phosphate, an ISO 9001:2008 company, the largest producer and supplier of single super phosphate (SSP) - powder and granulated (GSSP) -  in the country with its multi-location manufacturing units is planning to enhance its production capacity from 5,62,000 MT to 9,24,000 MT per annum.

The Udaipur (Rajasthan) unit of the company is operating at existing capacity of 2,64,000 MT per annum of SSP/GSSP. The company has enhanced the existing capacity of 1,00,000 MT to 1,98,000 MT at its Nandesari (Gujarat) unit in February 2012.

The company has applied for enhancement of capacity at its unit in Kota (Rajasthan) from 1,32,000 MT to 1,98,000 MT per annum of SSP as well as GSSP. The terms of reference has been received from the state level environment impact assessment authority in Rajasthan. Environment clearance is under process and is expected to be completed by the end of May 2012.

The company has applied for enhancement of capacity from 66,000 MT to 1,32,000 MT per annum at its unit in Pali (Maharashtra). The terms of reference have been received from the state level environment impact assessment authority and the public hearing is under process.

To cater to the needs of the farmers to a larger extent and to unleash the marketing potential of the region the company has decided to install SSP plant of 1,32,000 MT per annum capacity at Rae Bareilly (Uttar Pradesh). The environment clearance has been completed.

On implementation of above plans, the company will run at an installed capacity of 9,24,000 MT per annum of SSP as well as GSSP catering to the requirement of farmers of most states in the country.

In the early afternoon, Liberty Phosphate was trading at around Rs65.25 per share on the Bombay Stock Exchange, 1.87% up from the previous close.

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Puravankara projects launch 'Purva Seasons' in Bengaluru

Conceptualization of Purvey Seasons is based on maintaining peace and tranquillity within the hustle and bustle of modern city centric life.

Puravankara Projects has launched the Rs700 crore city centre super-luxury project "Purva Seasons" in Bengaluru. This property institutes the idea of '24+ hours Lifestyle'.

The project is located in CV Raman Nagar, which is a 15 minute drive from MG Road and is a 5-minute drive from the 100 feet road, Indira Nagar. Conceptualization of Purva Seasons is based on maintaining peace and tranquillity within the hustle and bustle of modern city centric life. With the gift of time on their hands, the homebuyers can pursue their passion.

Purva Seasons with its well-planned and aesthetically designed apartments is undeniably an elite setting in the heart of the city. The project offers a state-of-the-art building with world-class specifications. Amenities include a very large one of its kind clubhouse, swimming pool, outdoor sport facilities amongst others for a modern living, in a neighbourhood that lets the homebuyer experience an enriching lifestyle.

With its inviting landscape and prime location, these 2 and 3 BHK apartments ranging from 1,392 sq. ft. to 1,980 sq. ft. are the epitome of luxury, comfort and convenience.

The project development totals a 1.08 million square feet and has 660 units.

In the early afternoon, Purvankara Projects was trading at around Rs75.20 per share on the Bombay Stock Exchange, 2.17% up from the previous close.

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