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General Motors India’s sales crosses 1 lakh unit in 2010 so far

General Motors (GM) India said it has crossed the one-lakh unit sales mark in a calendar year for the first time since its inception in India.

The company achieved the feat on 27th November, meeting its yearly target with over a month still to go. It has registered growth of more than 63% from January to November 2010, compared to the corresponding period last year. It has crossed the 1,00,000-unit mark in this period, as against 61,321 units sold in the same period last year, the company said in a statement.

This historic feat has been achieved on the back of the growing popularity and overwhelming response to its Chevrolet Beat and Cruze, the statement said.

GM India vice-president P Balendran said, "Introduction of best-in-segment cars from the 300 series, rapid network expansion for increased customer outreach, our unique value proposition like Chevrolet Cashless Ownership offer, innovative marketing initiatives and our promise to deliver quality and performance are the factors that have led to this achievement."

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IVRCL Infra wins Rs500.49 crore order

Hyderabad-based IVRCL Infrastructures & Projects Ltd (IVRCL) said that its water and buildings divisions have won orders worth Rs500.49 crore.

IVRCL's water division has won orders worth Rs281.93 crore, followed by Rs218.56 crore by the building division, the company said in a statement.

IVRCL's water division has won orders from Nuclear Power Corporation of India Ltd, Rajasthan Rajya Vidyut Utpadan Nigam Ltd, Tapi Irrigation Development Corporation, Jalgaon and Krishna Bhagya Jala Nigam Ltd for supply, civil works and operation and maintenance among others, it said.

The buildings division has also won orders from Bank of India for construction of commercial complex building in Mumbai and from Indian Oil Corporation Ltd for civil and structural works.

The company has also received orders from Engineers India Ltd, NATRIP Implementation Society, Telco Construction Equipment Co Ltd and Rashtriya Ispat Nigam Ltd.

On Monday, IVRCL declined 2.85% to Rs119.10 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.38% up at 19,400.27 points.

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