Bangalore-based GMR Infrastructure Ltd said its consortium with Malaysia Airports Holdings Berhad (MAHB) won a bid to build, operate, modernise and expand the Male International Airport (MIA) in Maldives. No financial details were provided.
MIA includes the sea-plane port. The mandate is for the next 25 years. The Maldives government had invited three parties, namely, Aeroport De Paris, France-TAV, Turkey consortium; Zurich Airport-GVK consortium and the GMR-MAHB consortium to take part in the bid process.
On Friday, GMR Infrastructure shares ended 0.5% up at Rs57 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.9% down at 17,574 points.
Mobile Tele Communications Ltd said it signed an agreement with Israel-based remote video monitoring and surveillance (RVMaS) services provider NeoVSP to launch the video surveillance service in India.
No financial details were provided but Mobile Tele said it expects to connect 1 lakh customers across India over next three years with the technology on monthly subscription.
On Friday, Mobile Tele Communications shares ended 4.8% higher at Rs5 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.9% down at 17,574 points.
MIC Electronics Ltd said it entered in partnership with Indian Oil Corporation Ltd (IOC) for study and development of combined solar and light-emitting diode (LED) light source based products as well as projects for foray into green and energy efficient technologies. No financial details were provided.
The two companies have successfully initiated pilot marketing of solar based LED lanterns on commercial scale in select state offices of IOC marketing division.
On Friday, MIC Electronics and IOCL shares ended 3.2% and 10.4% up at Rs40 and Rs377, respectively on the Bombay Stock Exchange. The benchmark Sensex closed 0.9% down at 17,574 points